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Red Sky Energy Limited ( (AU:ROG) ) just unveiled an announcement.
Red Sky Energy Limited is advancing its Killanoola Oil Project with the planned KN2 drilling program, pending final government approvals. The project, supported by a Farmin Agreement with Condor Energy Services, targets a new structure identified by 3D seismic data to boost production and unlock potential from the site. The company is poised to commence operations upon approval, reflecting positive regulatory momentum in Australia’s onshore energy sector. The KN2 drilling is expected to significantly increase output and drive revenue growth, with potential offtake agreements in place to support this expansion.
More about Red Sky Energy Limited
Red Sky Energy Limited operates in the onshore energy sector, focusing on oil and gas exploration and production. The company is involved in the Killanoola Oil Project in South Australia, which aims to enhance oil production through strategic drilling initiatives.
Technical Sentiment Signal: Sell
Current Market Cap: A$21.69M
See more data about ROG stock on TipRanks’ Stock Analysis page.