Stake logo

An Oil Rig in the desert on a clear blue sky day

How to buy shares in Omega Oil & Gas

Omega looking to unlock Australia’s gas assets in support of future energy demands.




Issue Price

Capital Raised

Omega Oil & Gas


25 October 2022



Conversations around energy security are heating up around the world, particularly as Europe braces for winter blackouts as a result of Russia cutting off supply. 

Despite not being impacted as much by European geopolitics, Australia’s energy supply and security is still being closely monitored. The Australian Competition and Consumer Commission has forecast a shortfall in 2023 particularly along the east coast of the country. 

Much of the gas produced in this market is by companies that export it offshore, but that’s where Omega Oil & Gas is looking at opportunity.  

The company has listed on the ASX following a $15m raise and hopes to begin drilling of two wells in Queensland’s Surat Basin. The two permits represent an area of over 250k acres and are located roughly 50km away from critical gas transmission infrastructure.

The Basin has previously been explored by the BG Group, but Omega says its new design will achieve substantially higher flow rates. 

It’s not just gas that Omega can explore in the area, but both wells contain a significant amount of hydrocarbon liquids. This means Omega could eventually produce the liquids, which the company has said it would only do if it doesn’t cause production delays. 

The company also has an oil resource with historical production, acting as a degree of insurance in the event that the gas exploration does not go as well as expected. 

Omega Oil and Gas is available to trade on Stake now under the ticker $OMA.


Want more?

You know what to do

Insights, trends and company deep dives delivered straight to your inbox.

Stake logo
Over 7,000 5-star reviews
App Store logoGoogle Play logo

Subscribe to our free newsletters

By subscribing, you agree to our Privacy Policy.

Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2023 Stake. All rights reserved.