• Omega received binding commitments for A$46.0 million institutional capital raise
• Demand from existing and new high-quality domestic and international investors
• Funds to be used for delineating Canyon Project and pursuing growth opportunities

Omega Oil and Gas Ltd (ASX: OMA) has received firm commitments to raise A$46.0 million through the placement of 112.2 million new shares to sophisticated, professional and institutional investors at A$0.41 per share. The placement received very strong domestic and international support from new and existing shareholders, with demand significantly exceeding the shares available. Omega's largest shareholders, the Flannery family and Tri-Star Group, also strongly supported the placement. The funds raised will be used for Omega's upcoming work program, which includes 3 vertical wells (with an optional 1 additional well) to delineate 'sweet spots' and mature reserves, as well as optional horizontal wells to evidence flow rates and fluid types. The capital will also allow Omega to pursue growth opportunities using its deep knowledge of the Taroom Trough. Omega has also signed an Area of Mutual Interest (AMI) agreement with Tri-Star and Beach Energy to jointly pursue new acreage in the Taroom Trough. The funding will facilitate a busy period of activity, with drilling anticipated to commence in early 2026 and an updated resource estimation and maiden reserve certification expected in the second half of 2026.

Omega expects to have access to approximately A$70 million of capital via existing cash balances, the placement proceeds and expected R&D receipts between now and 30 June 2026.

Omega is well-funded to pursue an attractive range of options within the Taroom Trough, a rapidly emerging, growth basin. The company is advancing its operational plans as rapidly as possible and is pursuing options to expand its footprint in what it believes is an internationally significant, unconventional gas and oil resource.