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Omega Oil & Gas Ltd ASX:OMA

0 opened or increased3 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 3 managers in total.

Position history by manager 3 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

31 Mar 2026 to today

Commentary Showing 2 of 5

DateManagerActionSummary

31 May 2026SG Hiscock & CompanyHeldSG Hiscock & Company continues to hold Omega Oil & Gas because it provides significant exposure to the Taroom Trough basin through its own acreage position as well as its strategic investment of approximately 19 per cent in Elixir Energy. The manager believes owning both companies provides additional leverage to what could become a nationally significant energy development story, and views the complementary nature of the two companies' acreage positions, combined with Omega's existing shareholding in Elixir, as making a closer relationship between the businesses strategically logical over the longer term.

Monthly Report, price recorded $0.69

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31 May 2026Perennial PartnersHeldPerennial Partners continues to hold Omega Oil & Gas despite the stock declining on a softening oil price. The firm believes the oil price is immaterial to value realisation from OMA's Taroom Trough development, which Perennial views as shaping up to be the next significant hydrocarbon field developed in Australia.

Monthly Report, price recorded $0.69

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3 more comments on OMAPro shows every comment, with a link to each source document.

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First mention by manager

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Price at first mentionThe share price recorded when each of 3 managers first commented on OMA.

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Articles

31 May 2026Omega Oil & Gas Bets Big on Queensland's Taroom Trough Basin

About Omega Oil & Gas Ltd

Energy, Oil, Gas and Consumable Fuels

Omega Oil & Gas (ASX:OMA), a Queensland gas and oil explorer, has drawn interest for its Taroom Trough acreage. In May 2026, Perennial reported Omega eased 20% on a softening oil price but argued oil prices are immaterial to the value of its Taroom Trough acreage. SG Hiscock added Omega, describing it as a rare tier-one exploration opportunity with exposure to the Taroom Trough through its acreage and a strategic stake in Elixir Energy. In March, Perennial and Milford noted a 36% rally as oil prices surged and operational progress continued. Omega Oil & Gas operates in the Energy sector within the Oil, Gas and Consumable Fuels industry, and Thesis Tracker has captured 5 comments from 3 fund managers, Perennial, SG Hiscock and Milford. Headquartered in Brisbane, Omega explores for unconventional oil and gas in Queensland's Bowen and Surat basins, holding exploration permits in the Taroom Trough.

Market cap: $354m
Price to earnings: Loss-making
Return on equity: -7.5%
Dividend yield: 0.0%
Price to book: 2.83x
52-week range: $0.32 to $1.08

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Omega Oil & Gas Ltd (ASX:OMA)?

Fund managers including Perennial Partners, SG Hiscock & Company and Milford Asset Management have invested in Omega Oil & Gas Ltd (ASX:OMA).

What opportunities or catalysts do fund managers highlight for Omega Oil & Gas Ltd?

Managers highlight Omega's strategic acreage in the emerging Taroom Trough play, a stake in Elixir Energy and positive operational progress, according to SG Hiscock, Perennial and Milford.

What are the key risks to the Omega Oil & Gas Ltd investment thesis, according to fund managers?

Perennial notes the shares fell 20% when oil prices softened, though it views oil prices as immaterial to the long-term value of its acreage.

What does Omega Oil & Gas Ltd (ASX:OMA) do?

Omega Oil & Gas Ltd. is an oil and gas exploration and development company. It operates two exploration tenements in South East Queensland: Authority to Prospect (ATP) 2037 and ATP 2038. Founded on September 23, 2020, the company is headquartered in Brisbane, Australia.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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