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Red Sky Energy Limited (AU:ROG)
ASX:ROG
Australian Market

Red Sky Energy Limited (ROG) AI Stock Analysis

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AU

Red Sky Energy Limited

(Sydney:ROG)

Rating:56Neutral
Price Target:
Red Sky Energy Limited's overall score reflects its strong financial performance with significant revenue growth and a solid balance sheet. However, the lack of technical analysis data and valuation metrics makes comprehensive evaluation challenging. The absence of earnings call and corporate events data further limits the analysis. Continued improvement in cash flow management and operational efficiency could enhance future prospects.

Red Sky Energy Limited (ROG) vs. iShares MSCI Australia ETF (EWA)

Red Sky Energy Limited Business Overview & Revenue Model

Company DescriptionRed Sky Energy Limited (ROG) is an Australian oil and gas exploration and development company. The company focuses on identifying, acquiring, and developing oil and gas assets primarily located in Australia. With a strategic emphasis on expanding its portfolio through exploration and development projects, Red Sky Energy aims to contribute to the energy sector by bringing new resources to production.
How the Company Makes MoneyRed Sky Energy Limited generates revenue primarily through the exploration and eventual production of oil and gas assets. The company invests in acquiring exploration permits and licenses, which allow it to explore and potentially develop oil and gas fields. Once resources are discovered and deemed commercially viable, Red Sky Energy can generate income through the sale of extracted oil and gas. Additionally, the company may enter into joint venture partnerships with other exploration and production companies to share risks and costs associated with large-scale projects. Key revenue streams include the sale of produced hydrocarbons and potential royalties or fees from partnerships and joint ventures. The company's financial performance is heavily influenced by global oil and gas prices, exploration success rates, and operational efficiency.

Red Sky Energy Limited Financial Statement Overview

Summary
Red Sky Energy Limited has shown significant financial improvement with a transition to profitability and impressive revenue growth. The company benefits from a strong balance sheet with no debt, minimizing financial risk. However, challenges in generating operating cash flow and historical volatility warrant caution.
Income Statement
65
Positive
Red Sky Energy Limited has shown a significant improvement in its financial performance over the past year. The company transitioned from a net loss in 2023 to a net profit in 2024, resulting in a positive net profit margin of 9.41%. Revenue growth is impressive, increasing from 357,903 to 2,896,956 AUD, a growth rate of 709.35%. Additionally, the gross profit margin stands at 70.85%, indicating strong control over production costs. However, the EBIT margin remains relatively low at 5.83%, suggesting that operating expenses are still a concern. Despite these gains, the company's historical performance shows volatility, which may pose risks moving forward.
Balance Sheet
70
Positive
The balance sheet of Red Sky Energy Limited appears robust with a strong equity position. The equity ratio is high at 84.54%, indicating a solid capital structure with minimal reliance on debt. The company has no debt, which minimizes financial risk. Additionally, the return on equity (ROE) is 3.74%, reflecting a moderate return on shareholder investment. While the company's assets have increased, a significant portion is held in cash, which might limit potential returns if not effectively utilized.
Cash Flow
58
Neutral
Red Sky Energy Limited's cash flow statement reveals challenges in generating operating cash flow, which is currently at zero for 2024. Free cash flow, however, has improved significantly from a negative figure in 2023 to a positive 294,713 AUD in 2024. This improvement is largely due to reduced capital expenditures. The free cash flow to net income ratio suggests that not all net income is translating into cash, which could impact the company's liquidity if sustained. The historical cash flow trend highlights the need for improved cash management practices.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
2.90M357.90K0.000.000.00
Gross Profit
2.05M185.74K-16.85K-4.84K-1.45K
EBIT
168.88K-1.67M-1.72M-1.54M-796.98K
EBITDA
254.05K-1.62M-1.59M-1.38M-1.74M
Net Income Common Stockholders
272.41K-1.56M-1.68M-1.51M-1.78M
Balance SheetCash, Cash Equivalents and Short-Term Investments
2.96M2.67M4.17M7.00M786.93K
Total Assets
8.61M7.95M8.12M8.73M908.73K
Total Debt
0.000.000.000.00341.20K
Net Debt
-2.96M-2.67M-4.17M-7.00M-445.72K
Total Liabilities
1.33M1.53M1.03M562.62K914.05K
Stockholders Equity
7.28M6.42M7.09M8.16M-5.32K
Cash FlowFree Cash Flow
294.71K-1.50M-2.83M-2.18M-399.68K
Operating Cash Flow
924.28K-695.19K-1.14M-1.50M-381.15K
Investing Cash Flow
-629.57K-804.70K-1.69M-1.20M-18.84K
Financing Cash Flow
0.000.000.008.91M1.07M

Red Sky Energy Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUORG
66
Neutral
$18.18B12.8414.75%5.52%8.09%-13.99%
AUSTO
63
Neutral
$21.32B11.497.94%5.31%-7.99%-12.27%
57
Neutral
$7.23B3.16-4.49%5.63%0.82%-49.15%
AUBPT
56
Neutral
$3.03B32.922.70%3.83%6.43%
AUROG
56
Neutral
AU$24.40M3.98%709.42%
AUCTP
46
Neutral
AU$43.97M590.000.25%-15.16%-99.57%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ROG
Red Sky Energy Limited
0.01
0.00
0.00%
AU:BPT
Beach Energy
1.33
-0.21
-13.41%
AU:ORG
Origin Energy Limited
10.59
1.06
11.15%
AU:STO
Santos Limited
6.58
-0.54
-7.56%
AU:CTP
Central Petroleum Limited
0.06
0.00
0.00%

Red Sky Energy Limited Corporate Events

Red Sky Energy Advances Projects in Australia and Angola
Apr 30, 2025

Red Sky Energy Limited reported steady operational performance at its Innamincka project, with significant revenue generated from gas sales. The company is advancing its Yarrow 1 well, aiming for increased cash flow in 2025, and is actively negotiating processing arrangements for its Killanoola project. In Angola, Red Sky has been awarded a 35% interest in Block 6/24, with promising resource estimates and potential for early production, supporting its growth strategy.

Red Sky Energy Announces 2025 Annual General Meeting Details
Apr 17, 2025

Red Sky Energy Limited has announced its 2025 Annual General Meeting, scheduled for May 21, 2024, in Melbourne. Shareholders are encouraged to vote via proxy by May 19, 2025. The company will communicate any changes to the meeting arrangements through the ASX platform, ensuring stakeholders are informed and engaged.

Red Sky Energy Limited Announces 2025 Annual General Meeting with Key Resolutions
Apr 17, 2025

Red Sky Energy Limited has announced its 2025 Annual General Meeting, scheduled for May 21, 2025, in Melbourne. The meeting will address several key resolutions, including the adoption of the 2024 Remuneration Report, the re-election of Mr. Adrien Wing as a director, and the approval of a 10% placement facility. Additionally, a spill resolution may be considered if a significant portion of shareholders oppose the Remuneration Report. These resolutions could impact the company’s governance structure and its ability to raise capital, influencing its strategic direction and stakeholder interests.

Red Sky Energy Announces Maiden Resource Estimates for Offshore Angola Block
Apr 10, 2025

Red Sky Energy has announced the completion of maiden resource estimates for Block 6/24, offshore Angola, where it holds a 35% working interest. The estimates include a Net Contingent Resource of 5.1 million barrels and a Net Prospective Resource of 11.0 million barrels for various prospects. The company aims for rapid appraisal and development, with potential for early production and cash flow. The evaluation, conducted by PetroAus, has refined resource estimates and identified additional exploration potential, setting a strong foundation for future development.

Red Sky Energy Unveils Significant Oil Resources in Offshore Angola
Apr 8, 2025

Red Sky Energy Limited announced the completion of maiden resource estimates for Block 6/24, offshore Angola, where it holds a 35% working interest. The estimates reveal significant oil resources in the Cegonha Cluster Area, with a net contingent resource of 5.1 million barrels and a net prospective resource of 11.0 million barrels. The company is poised for rapid appraisal and development, with a focus on advancing exploration and unlocking value from the asset. The assessment by PetroAus has refined resource estimates and identified additional potential, positioning Block 6/24 as a cornerstone growth asset for Red Sky. The company aims to progress towards commercialization and deliver long-term value for shareholders.

Red Sky Energy Releases 2024 Corporate Governance Statement
Mar 28, 2025

Red Sky Energy Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is now available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability in their management practices.

Red Sky Energy Releases 2024 Annual Report Highlighting Strategic Growth
Mar 28, 2025

Red Sky Energy Limited has released its annual report for the year ending December 31, 2024, detailing its financial performance and strategic initiatives. The report highlights the company’s efforts to strengthen its operational capabilities and improve its financial standing, which are crucial for its growth and competitiveness in the energy market.

Red Sky Energy Advances Yarrow 1 Fracture Stimulation with Promising Results
Mar 5, 2025

Red Sky Energy Limited has successfully completed two hydraulic fracturing stages at the Yarrow 1 well, part of the Innamincka Dome Project operated by Santos Limited. The flowback operations have shown promising results with a final gas rate of approximately 1.8 MMscf/d. The company is now preparing for post-frac workover and the construction of a flowline, expected to begin in Q2 2025, aiming to bring the well online by Q3 2025. This progress marks a significant milestone in the project, potentially enhancing Red Sky’s operational capabilities and market positioning.

Red Sky Energy to Commence Fracture Stimulation at Yarrow 1 Well
Feb 28, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.