Australia's Omega Oil & Gas rises on securing drill rig at QLD project

Omega Oil & Gas

14/12/2022 04:09

** Shares of Omega Oil & Gas  OMA.AX  rise as much as 6.3%
to A$0.17, their highest level since Dec. 5
    ** Says it has secured a drilling rig to execute an
exploration program at its Permian Deep Gas project in
Queensland (QLD) 
    ** Managing Director Lauren Bennett says Omega is now "very
well positioned" to commence drilling in Q1 2023
    ** As of last close, OMA down 13.5% since ASX listing on
Oct. 25 
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))