Red Sky Energy Enters Angola with Major Oil Stake

Red Sky Energy Limited (AU:ROG) has released an update.

Red Sky Energy has secured a significant 35% stake in Block 6/24 offshore Angola, a move that marks its strategic entry into the African oil market. The block, located in the promising Kwanza Basin, contains the Cegonha oil discovery, with plans underway for further evaluation and potential early production. This development aligns with Red Sky’s strategy of diversifying its asset portfolio and positions the company for future growth.

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