Red Sky Energy Limited
AASX:ROG0.00
AUD
0.00
(0.00%)
Red Sky Energy Limited
ASX:ROG
(Australian Securities Exchange)
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ROIC.AI
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- Red Sky Energy Limited operates as an oil and gas exploration and development entity, focused on acquiring, drilling, and bringing hydrocarbon resources to production across Australia and the United States. The company's key asset is the 100% owned Killanoola Oil Project, situated in South Australia's onshore Otway Basin, covering approximately 17.5 square kilometers. Recent drilling at Killanoola-2 has been completed, with the well cased and suspended as a prospective future producer, following successful surface conductor installation and identification of hydrocarbon zones. A 2023 3D seismic program significantly boosted Killanoola's best estimate petroleum initially in place to 135.5 million barrels. In South Australia, Red Sky also maintains a 20% interest in the Innamincka project, which includes the Yarrow, Flax, and Juniper fields, with the Yarrow 1 well recently brought online and producing. Furthermore, the company holds full ownership of the Gold Nugget gas field within the Wind River Basin in Wyoming, USA. Expanding its international presence, Red Sky has secured a 35% participating interest in Block 6/24 offshore Angola, which encompasses the Cegonha oil field. Red Sky Energy Limited was established in 2001 and its corporate headquarters are located in Melbourne, Australia.