Red Sky Energy Limited (AU:ROG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Red Sky Energy has announced the mobilization of a workover rig to the Yarrow 1 well site, marking a significant step in their growth strategy. This initiative, in partnership with Santos Limited, is expected to enhance gas production and cash flow by optimizing the well for fracture stimulation. The re-entry of Yarrow 1 is anticipated to boost Red Sky’s revenue streams in 2025, complementing the successful production from Yarrow 3.
For further insights into AU:ROG stock, check out TipRanks’ Stock Analysis page.