Companies / OMA

OMEGA OIL & GAS LIMITED

ASX:OMAEnergy
540.7M shares on issueASX (delayed) · snapshot 11 Sept 2026550.7M fully diluted+1.8% if every option and right converts$0.80price · delayed$432.6Mmarket cap · indicative

Today’s holders own 98.2% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 82% in 24 months; 4 cash raises in 24 months; proposed issue pending

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway15.9 quarters of funding
Share-count growth (24m)82.0%
Raise cadence (24m)4 cash raises
Options & rights overhang1.8% of shares
In-the-money supply0.7% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

OMEGA OIL & GAS LIMITED's ordinary share count grew 88.8% between September 2024 and July 2026, reaching 541M shares. The company completed four capital raises in the past 24 months, totalling A$117.2M, with the most recent being a A$60.0M placement in April 2026. Options and rights on issue could convert into 10M new shares, representing 1.8% of the current share count, of which 1% are in the money; the nearest expiry date is October 2026. As of the June 2026 quarter, the company reported A$97.1M in available cash, sufficient for approximately 15.9 quarters. One proposed securities issue (Appendix 3B) is pending with a proposed date in January 2027.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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1.8%
Options & rights overhang
0.7%
In-the-money supply · most strikes not on record
2
Raises · last 12 months
15.9 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 540.7M per ASX (delayed) (snapshot 11 Sept 2026).
350M400M450M500M550MDec 24Oct 25Sept 26Cash raise · 20 Apr 2026Cash raise · 17 Sept 2025Cash raise · 13 Feb 2025Cash raise · 24 Jan 2025540.7M

Cash runway

15.9 qtrs
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$97.0M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $102.1M cash at quarter end (item 4.6), 16.8 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
7 July 20262A · quoted issueOMA : ORDINARY FULLY PAID540.7MAppendix 2A
7 July 20262A · quoted issueOMA : ORDINARY FULLY PAID540.4MAppendix 2A
24 June 20262A · quoted issueOMA : ORDINARY FULLY PAID540.4MAppendix 2A
1 May 20262A · quoted issueOMA : ORDINARY FULLY PAID468.9MAppendix 2A
1 May 20262A · quoted issueOMA : ORDINARY FULLY PAID468.1MAppendix 2A
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39 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

4 cash raises in the last 24 months · 2 in the last 12 months

every 4.9 monthsaverage gap between raises
4.8 monthssince the most recent
24 Jan 2025 – 20 Apr 2026first to most recent in this window
$60.0M
Placement
20 Apr 2026 COMPLETE
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9 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

2.5M of option supply could convert within 12 months — 0.5% of shares on issue
2.5M in the money, expiring in the window
1 proposed issue (Appendix 3B) also pending — not counted above; the securities each would add are in the calendar below.
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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6 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 35% of the 15% placement capacity left — about 65% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
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1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

1.8%
Options & rights overhang · of current shares
0.7%
In-the-money supply · most strikes not on record
10.0M
Potential new shares
Oct 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered4.0M · 0.7% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered6.0M · 1.1% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 4.0M priced (of which 4.0M in the money), 6.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
5.0M10.0M$0.80 now0.25× today ($0.20) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.40) — 4.0M of the priced supply in the money, 0.7% of shares on issue0.75× today ($0.60) — 4.0M of the priced supply in the money, 0.7% of shares on issue1× today ($0.80) — 4.0M of the priced supply in the money, 0.7% of shares on issue1.25× today ($1.00) — 4.0M of the priced supply in the money, 0.7% of shares on issue1.5× today ($1.20) — 4.0M of the priced supply in the money, 0.7% of shares on issue2× today ($1.60) — 4.0M of the priced supply in the money, 0.7% of shares on issue3× today ($2.40) — 4.0M of the priced supply in the money, 0.7% of shares on issue5× today ($4.00) — 4.0M of the priced supply in the money, 0.7% of shares on issue10× today ($8.00) — 4.0M of the priced supply in the money, 0.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.80 today, 4.0M securities are in the money (0.7% of shares on issue) — a floor, because an exercise price is on record for only 40.0% of this supply. No price up to ten times today’s switches on any more priced supply.

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
  • 6.0M (60.0% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
OMAADOptionsPrice-triggered$0.3021 Oct 2026550kFiling
OMAAHOptionsPrice-triggered$0.306 Dec 2026450kFiling
OMAAKOptionsPrice-triggered$0.3531 Jan 20271.6MFiling
OMAAEOptionsPrice-triggered$0.3021 Oct 2027550kFiling
OMAAJOptionsPrice-triggered$0.3921 Oct 2027900kFiling
OMAAIPerformance rightsCondition-triggered——6.0MFiling Meeting

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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6 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
7 July 2026Andrew Paul HackwoodOther60k——$38k3Y notice
7 July 2026Martin Joseph HoustonOther100k——$63k3Y notice
7 July 2026Peter SticklandOther60k——$38k3Y notice
7 July 2026Quentin Joseph FlanneryOther60k——$38k3Y notice
7 July 2026Stephen James HarrisonOther60k——$38k3Y notice
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32 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

6 Sept 2026$PDrilling at Canyon-4, Extends OMAs Play-Defining Campaign
23 Aug 2026$PMajor Oil & Gas Extension for OMA in Eastern Taroom Trough
16 Aug 2026Managing Director & CEO Annual Incentive Package Review
6 Aug 2026$PCanyon-3 Drilling Update
30 July 2026$POMA's Play-Defining Campaign Commences Drilling at Canyon-3
27 July 2026$PQuarterly Activities Report and Appendix 5B
20 July 2026$POMA Commences Transformational Taroom Trough Drill Program
10 July 2026Change of Director's Interest Notice - SH
10 July 2026Change of Director's Interest Notice - PS
10 July 2026Change of Director's Interest Notice - AH
10 July 2026Change of Director's Interest Notice - QF
10 July 2026Change of Director's Interest Notice - MH
7 July 2026Cleansing notice under section 708A of the Corporations Act
7 July 2026Application for quotation of securities - OMA
7 July 2026Application for quotation of securities - OMA
24 June 2026Change in substantial holding - Ilwella
24 June 2026Change in substantial holding - Tri-Star
24 June 2026Change of Director's Interest Notice - QF
24 June 2026Cleansing notice under section 708A of the Corporations Act
24 June 2026Application for quotation of securities - OMA

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.