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Red Sky Energy Limited ( (AU:ROG) ) has provided an update.
Red Sky Energy Limited has announced the completion of the Yarrow 1 well, part of the Innamincka Dome Project, with operations expected to finalize by November 9, 2025. The tie-in line construction is set to complete by November 16, 2025, with first gas anticipated by November 18, 2025. This development is projected to more than double Red Sky’s current gas production from the Innamincka field, significantly boosting cash flow and positioning the company for a robust end to 2025. The successful re-entry of Yarrow 1, in partnership with Santos Limited, aligns with Red Sky’s strategy to capitalize on existing resources through cost-effective re-completions, enhancing their operational success and financial performance.
More about Red Sky Energy Limited
Red Sky Energy Limited operates in the energy sector, focusing on the exploration and production of hydrocarbons. The company is involved in the Innamincka Dome Project in South Australia’s Cooper Basin, holding a 20% interest in several petroleum retention licenses alongside Santos Limited, which operates the project.
Technical Sentiment Signal: Sell
Current Market Cap: A$16.27M
Learn more about ROG stock on TipRanks’ Stock Analysis page.