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Red Sky Energy Limited ( (AU:ROG) ) has provided an announcement.
Red Sky Energy Limited has successfully drilled the Killanoola-2 well in South Australia’s Otway Basin to a depth of approximately 1044 meters without any incidents. The well targets the Sawpit Sandstone formation, aiming to enhance oil production potential identified through recent 3D seismic data. The company plans to conduct further formation evaluation and drill stem tests to assess zones of interest, with additional updates to follow upon completion of logging.
More about Red Sky Energy Limited
Red Sky Energy Limited is an energy company operating in the oil and gas industry. The company focuses on exploration and production activities, particularly in the onshore Otway Basin in South Australia, with a market focus on unlocking additional oil production potential through advanced seismic interpretation.
Technical Sentiment Signal: Sell
Current Market Cap: A$32.53M
For detailed information about ROG stock, go to TipRanks’ Stock Analysis page.