The latest announcement is out from Red Sky Energy Limited ( (AU:ROG) ).
Red Sky Energy Limited reported steady operational performance at its Innamincka project, with significant revenue generated from gas sales. The company is advancing its Yarrow 1 well, aiming for increased cash flow in 2025, and is actively negotiating processing arrangements for its Killanoola project. In Angola, Red Sky has been awarded a 35% interest in Block 6/24, with promising resource estimates and potential for early production, supporting its growth strategy.
More about Red Sky Energy Limited
Red Sky Energy Limited operates in the energy sector, focusing primarily on the exploration and production of oil and gas. The company is involved in various projects, including the Innamincka gas project and the Block 6/24 offshore oil exploration in Angola, reflecting its strategic focus on enhancing cash flow and expanding its resource base.
YTD Price Performance: -9.09%
Technical Sentiment Signal: Buy
Current Market Cap: A$32.53M
See more data about ROG stock on TipRanks’ Stock Analysis page.