Red Sky Energy Limited ( (AU:ROG) ) has provided an update.
Red Sky Energy Limited has announced the commencement of fracture stimulation for the Yarrow 1 well in the Innamincka Dome Project, operated by Santos Limited. This operation is expected to significantly boost production rates, ranging from 1.6 to 3.6 million standard cubic feet per day, and is on track for full operational status by Q2 2025, thereby enhancing the company’s cash flow and stakeholder value.
More about Red Sky Energy Limited
Red Sky Energy Limited is an energy company involved in the exploration and production of oil and gas. The company holds a 20% working interest in six Petroleum Retention Licences within the Innamincka Dome, with a focus on enhancing gas flow and well productivity.
YTD Price Performance: -9.09%
Average Trading Volume: 15,790,246
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$32.53M
See more data about ROG stock on TipRanks’ Stock Analysis page.