Omega Oil & Gas Ends September Quarter With AU$92.9 Million Cash, No Debt, Shares Up 3%
MT Newswires Live08:30
Omega Oil & Gas (ASX:OMA) ended the September quarter with AU$92.9 million in cash and no debt, according to a Thursday Australian bourse filing.
The company said Canyon-3 and Canyon-4 were drilled safely and within budget, with less than 10% of its June 30 cash balance used in a quarter that included drilling Canyon-3 and starting Canyon-4.
Omega remains more than fully funded for its current appraisal program, including fracture stimulation and flow testing, with significant headroom beyond the base program, the filing added.
Omega shares rose 3% in recent Thursday trade.
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