Red Sky Energy Reports Strong Cash Flow and Expansion Plans

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

Red Sky Energy Limited has reported a steady cash flow from its Yarrow 3 well, generating $2.73 million primarily from gas sales, and is set to enhance its production with the upcoming re-entry of the Yarrow 1 well. The company is also advancing its Killanoola project with plans for a new high-impact well, while exploring opportunities in South East Asia and Sub-Saharan Africa. With a strong cash reserve of $3.1 million, Red Sky is poised for strategic growth.

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