Omega Oil & Gas - Investee Company Update

Gunsynd plc

("Gunsynd" or the "Company")

Omega Oil & Gas - Investee Company Update

Gunsynd Plc (AIM: GUN) notes the announcement by its investee company Omega Oil and Gas Limited ("Omega"), an ASX listed Australian energy and resources company focused on natural gas exploration and oil production (ASX: OMA), on its Basin-Centred Gas drilling campaign.

KEY POINTS

Omega set to commence Canyon-1H Fracture Stimulation Program

Fracture stimulation and flowback testing program is scheduled to begin on 2 March 2025

Estimated duration of 5-7 days followed by a flow test of approximately 30 days duration.

Objective of this testing program is to demonstrate potentially commercial flow rates from the Canyon Sandstone.

Gunsynd subscribed for 450,000 shares at AUD 20 cents per ordinary share for a total consideration of AUD$90,000 (approximately £50,000) as part of the IPO fundraising announced on 25 October 2022. 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

The Directors of Gunsynd accept responsibility for this announcement.

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