Omega Oil & Gas Limited is focused on unlocking the immense value in Permian Deep Gas assets beneath historical CSG targets in Australia. It is set to list on the Australian Securities Exchange (ASX).
Omega Oil & Gas Limited has 1 Petroleum Lease (17) and 2 Authority to Prospect (2037 and 2038).
*PL 17 (Conventional Oil and Coal Seam Gas) – is located within the Surat Basin in Queensland and covers an area of approximately 26,000 acres, inclusive of the Bennett and Leichardt oil fields. The Company sees the near-term opportunity in PL 17 being the recompletion of the existing wells in both the Bennett and Leichardt fields, with the view to bring all the Bennett wells back online.
*ATPs (2037 and 2038) – are adjacent gas exploration permits located in the Surat Basin. The two ATPs span a total area of over 250,000 acres and are located approximately 50 km away from existing gas infrastructure and gas pipelines which feed into the Australian east coast gas market and the Gladstone LNG export terminals.
Omega Oil & Gas Limited was looking to raise up to $15,070,000 at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 6 Sep 2022 and closes on 23 Sep 2022. The expected date for quotation on ASX is 25 Oct 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | OMA |
| Name | Omega Oil & Gas Limited |
| Website | https://omegaoilandgas.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Prenzler Group Pty Ltd (Lead Manager) |
| Opening Date for the Public Offer: | 6 Sep 2022 |
| Closing Date for the Public Offer: | 23 Sep 2022 |
| Expected date for New Shares to commence trading on ASX | 25 Oct 2022 2:00PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $15,070,000 |
| Offer price per share | $0.20 |
| Shares on issue at the Prospectus Date | 35,000,000 |
| Shares to be issued under the Public Offer | 75,350,000 |
| Total Shares (undiluted) | 138,999,375 |
| Escrow | 10,604,837 Shares, 15,269,950 options and 6,949,968 Performance Rights (a period of 24 months from quotation) |
Source: Omega Oil & Gas Limited prospectus, official website.