Omega Secures AU$46 Million in Capital Raise to Drive Growth

Highlights:

• Omega Oil and Gas Ltd (ASX: OMA) completes institutional placement of AU$46.0 million.
• The raise attracted significant participation from domestic as well as international backers.
• Funds to accelerate the Canyon Project and expand in the Taroom Trough.

Successful Capital Raise

Omega Oil and Gas Ltd (ASX: OMA) has successfully raised AU$46.0 million through a heavily oversubscribed institutional placement. At the time of writing, the company confirmed that strong support came from both new and existing investors, with demand well above the shares on offer.

The placement involved the issue of 112.2 million new shares at AU$0.41 each, representing an 8.9% discount to the last closing price on September 17, 2025, and a 7.5% discount to the five-day VWAP.

Investor Support

Omega’s largest shareholders, including the Flannery family (Ilwella Pty Ltd and associated entities) and Tri-Star Group, provided cornerstone backing to the raise. Their participation will come through Tranche 2 of the placement, which is subject to shareholder approval at Omega’s AGM scheduled for November 28, 2025.

The placement will be executed in two tranches:

• Tranche 1: 68.3 million shares, raising AU$28.0 million under Listing Rules 7.1 and 7.1A.
• Tranche 2: 43.9 million shares, raising AU$18.0 million pending shareholder approval.

The offer was jointly led and bookrun by Bell Potter Securities Limited and MST Financial Pty Ltd, while Prenzler Group Pty Ltd participated as Co-Manager.

Strategic Use of Funds

Proceeds from the raise will fund Omega’s next growth phase, including advancing the Canyon Project and pursuing acreage opportunities within Queensland’s Taroom Trough. The company entered into an Area of Mutual Interest (AMI) agreement with Tri-Star and Beach Energy to pursue potential new ventures. CEO Trevor Brown said the strong investor response reflects growing confidence in Omega’s strategy and the significant resource potential of the Canyon Project

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