Recent Insider Transactions • Jun 16
CEO, MD & Director recently bought AU$100k worth of stock On the 11th of June, Andrew Knox bought around 100m shares on-market at roughly AU$0.001 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Annonce • Jun 11
Red Sky Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Red Sky Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 800,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Subsequent Direct Listing New Risk • May 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$2.1m revenue, or US$1.5m). Market cap is less than US$100m (AU$15.6m market cap, or US$11.1m). Annonce • Apr 02
Red Sky Energy Limited, Annual General Meeting, May 28, 2026 Red Sky Energy Limited, Annual General Meeting, May 28, 2026. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: AU$0 (vs AU$0 in FY 2024) Full year 2025 results: EPS: AU$0 (in line with FY 2024). Revenue: AU$2.20m (down 24% from FY 2024). Net loss: AU$461.5k (down 269% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Dec 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$10.8m (US$7.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Market cap is less than US$10m (AU$10.8m market cap, or US$7.20m). Minor Risk Revenue is less than US$5m (AU$2.0m revenue, or US$1.3m). Reported Earnings • Sep 16
First half 2025 earnings released: EPS: AU$0 (vs AU$0 in 1H 2024) First half 2025 results: EPS: AU$0 (in line with 1H 2024). Revenue: AU$906.5k (down 50% from 1H 2024). Net loss: AU$539.2k (down 268% from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annonce • Apr 02
Red Sky Energy Limited, Annual General Meeting, May 21, 2025 Red Sky Energy Limited, Annual General Meeting, May 21, 2025. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (28% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (AU$2.2m revenue, or US$1.4m). Market cap is less than US$100m (AU$32.5m market cap, or US$20.6m). Annonce • Apr 12
Red Sky Energy Limited, Annual General Meeting, May 31, 2024 Red Sky Energy Limited, Annual General Meeting, May 31, 2024, at 10:01 E. Australia Standard Time. New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 6.5% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$27.1m market cap, or US$18.0m). New Risk • Feb 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 6.5% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$27.1m market cap, or US$17.7m). Annonce • Feb 07
Red Sky Energy Limited Announces Innamincka - Yarrow 3 Moves to Production Red Sky Energy announced that the activity by Santos Limited at Yarrow 3 Well has been completed with an agreement reached to proceed with the construction of a pipeline of approximately 18km to tie into the grid to the south of the Yarrow gas field. This construction activity will bring Yarrow 3 flowline on earlier (second half calendar year 2023) with ability to leverage the current gas market prices and allow Red Sky to receive production revenue from first gas in third quarter 2023 subject to reviews and a metering agreement between the parties. Preliminary analysis of pressure data indicates connected volume >1.7 BCF (EUR 1.3 BCF) with some residual water production. Peak rate of approximately 5MMscfd through a 36/64'' choke with tubing head pressure of 780psi. Memory Production Logging Tool (MPLT) was completed and this confirmed the flow was in line with initial data from the fracc with 85% from the Patchawarra formation and 15% from the Tirrawarra sandstone. Post receipt of this analysis, Santos' Cooper Basin based team recommended proceeding with the 18km pipeline connection in parallel with a proposal to re-enter Yarrow 1 and test the well with the view to also moving it to production and eventually tie in to the same pipeline. Annonce • Dec 08
Red Sky Energy Limited Provides an Update on Yarrow 3 Well Red Sky Energy advised that the activity by Santos Limited (Santos) at Yarrow 3 Well continues after fraccing of the well was completed. Memory Production Logging Tool (MPLT) is now complete and this has confirmed the flow is in line with initial data from the fracc with 85% from the Patchawarra formation and 15% from the Tirrawarra sandstone. The forward plan is to continue monitoring over the next week to obtain pressure data which will be used in estimation of volumes. As per previous release, the post-frac flowback indicated a stable rate of approximately 5.0 MMscf/d at WHP of 790psi on 36/64" choke. Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182) at the Innamincka Dome in the Cooper Basin. Annonce • Nov 23
Red Sky Energy Limited Announces Completion of Innamincka - Yarrow 3 Well Fraccing Red Sky Energy announced that the fraccing by Santos Limited at Yarrow 3 Well which commenced on November 18, 2022 was executed as per plan and has now been completed. Post-frac flowback indicates stable rate of approximately 5.0 MMscf/d at WHP of 790psi on 36/64" choke. Santos has informed Red Sky that post-fraccing, the forward plan includes running a Memory Production Logging Tool (MPLT) to assess relative contribution from the two zones, followed by analysis of pressure data to better assess volumes. Annonce • Nov 21
Red Sky Energy Limited Advises Planned Fraccing, Post the Completion of the Drilling of and Receipt of Results for the Yarrow 3 Well At the Innamincka Dome Licenses Red Sky Energy advised that the planned fraccing, post the completion of the drilling of and receipt of results for the Yarrow 3 well at the Innamincka Dome licenses (Innamincka), commenced last Friday and should take approximately three days. Following the fracc, flow testing will be conducted which is expected to take approximately seven days. Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182) at the Innamincka Dome in the Cooper Basin. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Rob Annells was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Oct 20
Red Sky Energy Provides Update on Completion of the Drilling of and Receipt of Results for the Yarrow 3 Well at the Innamincka Dome Licenses Red Sky Energy provided an update post the completion of the drilling of and receipt of results for the Yarrow 3 well at the Innamincka Dome licenses (Innamincka). Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182) at the Innamincka Dome in the Cooper Basin. Santos Limited previously advised their drilling operations at Yarrow 3 well in PRL17 in the Cooper Basin were an operational success, with no incidents. Preliminary wireline log evaluation indicated gas was encountered in the Tirrawarra sandstone and the Patchawarra formation. Santos have informed Red Sky that they intend to expedite operations at Yarrow 3. The well will undergo a two stage fraccing operation, followed by a flowback. The well performance during the flowback period will be closely monitored to assess completion as a future producer. Operations to frac and flowback Yarrow 3 may begin late October, subject to weather constraints. Post this expedited operation, on success, the next steps would be to bring a rig back and frac Yarrow 1. If this activity proved positive both Yarrow 3 and Yarrow 1 would be completed and a pipeline of approximately 18km would potentially be built to tie into the grid at Napowie to the south of the Yarrow gas field. This is turn could be potentially followed by 3D seismic to interpret where to site further development wells. Yarrow has been estimated to have a 2C contingent resource of 18BCF. A further 20BCF 2C of associated gas is estimated at the Flax oil field 8km to the south east of Yarrow. Yarrow 3 is an appraisal gas well which targeted the Tirrawarra sandstone as primary objective and the Patchawarra formation as secondary objective. Annonce • Sep 29
Red Sky Energy Limited Provides Update on Completion of the Drilling of the Yarrow 3 Well at the Innamincka Dome Licenses Red Sky Energy provided an update post the completion of the drilling of the Yarrow 3 well at the Innamincka Dome licenses (Innamincka). Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182) at the Innamincka Dome in the Cooper Basin. Santos Limited advised the drilling operations at Yarrow 3 vertical well in PRL17 in the Cooper Basin have been completed. Yarrow 3 drilling was an operational success, with no incidents. The 4-1/2 inches production casing has been set at a depth of 2744.5 metres and cemented as per the program. The well has been suspended, and the rig has been released. The wireline data collected at Yarrow 3 will now be evaluated to set the forward plan. Santos Limited mobilised a rig and commenced drilling at Yarrow on 15 September 2022 with a total depth of 2748m reached on Thursday 22 September 2022. Yarrow has been estimated to have a 2C contingent resource of 18BCF. A further 20BCF 2C of associated gas is estimated at the Flax oil field 8km to the south east of Yarrow (Flax is a shut in oil field with associated gas that has not yet been produced). Yarrow 3 is an appraisal gas well targeting the Tirrawarra sandstone as primary objective and the Patchawarra formation as secondary objective. A pipeline of approximately 18km would potentially be built to tie into the grid at Napowie to the south of the Yarrow gas field. Annonce • Sep 26
Red Sky Energy Limited Provides an Update on Yarrow 3 Well at the Innamincka Dome Licenses Red Sky Energy provided an update on the completion of the drilling of the Yarrow 3 well at the Innamincka Dome licenses (Innamincka). Santos Limited have advised the Yarrow 3 vertical well in PRL17 in the Cooper Basin has been completed with no incidents, reaching a total depth of 2748m. Preliminary wireline logs evaluation indicate gas has been encountered in the Tirrawarra sandstone and the Patchawarra formation. Santos Limited mobilised a rig and commenced drilling at Yarrow on 15 September 2022 with a total depth of 2748m reached on 24 September 2022. Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182) at the Innamincka Dome in the Cooper Basin and is free carried through the drilling of this current well up to a cap of $3 million. A pipeline of approximately 18km would potentially be built to tie into the grid at Napowie to the south of the Yarrow gas field. Annonce • Sep 23
Red Sky Energy Limited Updates on the Current Progress with the Yarrow Well At the Innamincka Projects (Innamincka) Red Sky Energy provided an updated on the current progress with the Yarrow well at the Innamincka Projects (Innamincka). Santos Limited have advised the Yarrow 3 vertical well in PRL17 in the Cooper Basin is currently drilling a 6 ¾" production hole in the Nappamerri group. The primary target is the Tirrawarra sandstone with the secondary target the Patchawarra formation. Innamincka Projects; Santos Limited mobilised a rig and commenced drilling at Yarrow on Thursday 15 September 2022. The planned well total depth is approximately 2,720m. Red Sky is free carried through the drilling of this well up to a cap of $3 million. Yarrow has been estimated to have a 2C contingent resource of 18BCF. A further 20BCF 2C of associated gas is estimated at the Flax oil field 8km to the south east of Yarrow. Yarrow 3 is an appraisal gas well targeting the Tirrawarra sandstone as primary objective and the Patchawarra formation as secondary objective. Tested at Yarrow 1, the Tirrawarra sandstone was shown to flow gas to surface. The aim of the Yarrow 3 appraisal well is to test the extent of the gas accumulation. A pipeline of approximately 18km would potentially be built to tie into the grid at Napowie to the south of the Yarrow gas field. Annonce • Sep 16
Red Sky Energy Limited Commences Innamincka Yarrow 3 Gas Well Drilling Red Sky Energy to provide notification on the current progress with the Yarrow well at the Innamincka Projects (Innamincka). Innamincka Projects: Santos Limited has advised it mobilised a rig and commenced drilling at Yarrow on Thursday 15 September 2022. The planned well total depth is approximately 2,700m and is expected to take two weeks todrill. Red Sky is free carried through the drilling of this well up to a cap of $3 million. Yarrow has been estimated to have a 2C contingent resource of 18BCF. A further 20BCF 2C of associated gas is estimated at the Flax oil field 8km to the south east of Yarrow. Yarrow 3 is an appraisal gas well targeting the Tirrawarra sandstone as primary objective and the Patchawarra formation as secondary objective. Tested at Yarrow 1, the Tirrawarra sandstone was shown to flow gas to surface. The aim of the Yarrow 3 appraisal well is to test the extent of the gas accumulation. A pipeline of approximately 18km would potentially be built to tie into the grid at Napowie to the south of theYarrow gas field. Reported Earnings • Aug 25
First half 2022 earnings released: EPS: AU$0 (vs AU$0 in 1H 2021) First half 2022 results: EPS: AU$0 (vs AU$0 in 1H 2021). Net loss: AU$834.7k (loss widened 130% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • Jul 07
Red Sky Energy Ordinary Shares Deleted from Other OTC Red Sky Energy Limited Ordinary Shares deleted from Other OTC effective July 05, 2022. The deletion is due to Inactive Security. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Rob Annells was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Feb 16
Red Sky Energy Limited Commences Killanoola PRL13 Seismic Survey Red Sky Energy advised the seismic survey has commenced at Killanoola. Red Sky had been discussing seismic acquisition with affected landowners for some time and is pleased to advise that all discussions were most satisfactory and landowner agreements have all now been concluded. The Company wishes to thank those landowners for their understanding and assistance. As previously announced in the recent Quarterly Report, an additional associated activity license has been granted surrounding the PRL13 licence, AAL295, to allow the seismic acquisition to exceed the licence limits by approximately 5km2, to better facilitate and improve the imaging. Santos Ltd. (Santos) have recently updated and advised Red Sky that due to the recent extreme wet weather in South Australia, the current drilling forecast has been pushed out and does not indicate the rig moving to Yarrow as re-scheduled. The rig and its crew had been put on standby and was ready to be deployed to Yarrow subject to improved weather conditions. Santos have made the decision to move the rig to another accessible well location due to the current and forecast weather impact on access roads to the Yarrow drilling location. Red Sky will update all shareholders once it receives an update on rig availability and the rescheduled drilling commencement date. Red Sky is free carried through the drilling of this well. Yarrow has previously been estimated to have a 2C contingent resource of 18BCF. A further 20BCF 2C of associated gas is estimated at the Flax oil field 8km to the southeast of Yarrow. A pipeline of approximately 20km would potentially be built to tie into the grid at Napowie to the south of the Yarrow gas field. The pipeline is expected to have a gross capacity of 20mmcfpd (4mmcfpd net to Red Sky). Annonce • Dec 22
Red Sky Energy Limited Completes Production Testing Killanoola-1 DW-1 Completed Red Sky Energy Limited completed a preliminary production test at Killanoola-1 DW-1 with no incidents. The test achieved the two main objectives: (1) Confirm that the Linear Rod Pump is functioning properly; (2) Collect surface samples of reservoir fluid for assay studies. The approval to commence a LRP Production Test at Killanoola-1 DW-1 was received from the Government of South Australian (SA Government) Department for Energy and Mining (DEM).The Killanoola oilfield was discovered by the Killanoola-1 well in 1998 at a depth of 850 metres. The oil is a 34° API waxy crude. DW-1 - Activity Approval was received to commence testing of the existing 5 metres of pay at DW-1. Contracts for the testing were awarded, equipment was successfully mobilised to site and testing commenced as planned on 10 December 2021. On 13 December 2021 the test was successfully completed with no incidents. Equipment was demobilised from the site commencing 14 December 2021. After an initial clean up period, the well produced oil with no water at an average rate of 40 bopd. Surface fluid sampling was then carried out for future assay studies. An extended production test will take place once additional potential zones are perforated. Annonce • Dec 13
Red Sky Energy announces Successful Production Testing - Killanoola-1 DW-1 Red Sky Energy announced it has successfully flowed live oil to surface at Killanoola-1 DW-1 after receiving approval from the Government of South Australian (SA Government) Department for Energy and Mining (DEM). The Killanoola Project: The Killanoola oilfield was discovered by the Killanoola-1 well in 1998 at a depth of 850 metres. The oil is a 34° API waxy crude. Previous flow tests of the well have recorded rates of up to 300 bopd. DW-1 - Activity Approval was received to commence testing of the existing 5 metres of pay at DW-1. Contracts for the testing were awarded, equipment was successfully mobilised to site and testing commenced as planned on 10 December 2021. Production Test Results to Date: After unloading existing fluid in the production tubing and annulus the well commenced to produce live oil with no water. Annonce • Sep 13
Red Sky Energy Limited Receives SA Govt Approval to Commence Slickline Operations at Killanoola SE-1 PRL13 South Australia Red Sky Energy advised that it has received approval from the Government of South Australian (SA) Department for Energy and Mining (DEM) to commence slickline operations at the Killanoola Oil Project (Killanoola) located in the Penola Trough, South Australia, within Red Sky's PRL13. This current approval follows an announcement on 29 July 2021 of SA Government approval to commence operations across the Killanoola Project. With this additional Government approval, slickline work can begin to ensure the well is clear whereupon work can begin immediately on wireline perforation works on the 16 metres of potential pay identified at SE-1. If successful, this will potentially increase production rates significantly. A slickline is a metal rope used to lower tools down the well bore. This simple operation will inform if the well has any obstructions. This is a cost-efficient exercise for planning wireline and rig activities as it allows the Company to take each step with the best available and latest knowledge to overcome any issues that may arise. The Killanoola Project: The Killanoola oilfield was discovered by the Killanoola-1 well in 1998 at a depth of 850 metres. The oil is a 34° API waxy crude. Previous flow tests of the well have recorded rates of up to 300 bopd. A petrophysical report commissioned by Red Sky on the Killanoola-1DW-1 well identified potentially 37 metres of additional oil bearing pay zones within the 149 metre thick Sawpit Sandstone. This evaluation adds significantly to the currently perforated pay zone of 5 metres. Red Sky is now working to revise the work programme to include testing of the newly identified pay zones. Red Sky is moving towards perforating and testing these newly identified potential pay zones in the wells. Annonce • Aug 14
Red Sky Energy Limited announced that it has received AUD 3.21424 million in funding On August 13, 2021, Red Sky Energy Limited closed the transaction. The comapny issued 401,780,000 new shares for gross proceeds of AUD 3.21424 million in the transaction. Annonce • Aug 09
Red Sky Energy Limited announced that it expects to receive AUD 3 million in funding Red Sky Energy Limited announced a private placement of 375,000,000 new shares at an issue price of AUD 0.0080 share for gross proceeds of AUD 3 million on August 9, 2021. The transaction will include participation from unrelated professional and sophisticated investors and other exempt investors. The transaction is expected to close on August 13, 2021. The company will pay a placement fees of 5% to the eligible participants. Annonce • May 18
Red Sky Energy Limited Announces Successful Inspection of Pump at Killanoola Red Sky Energy advised that a successful inspection of the surface pump at the Killanoola 1 DW-1 well has been completed. This well is part of the Killanoola Oil Project (Killanoola) located in the Penola Trough, South Australia, within Red Sky's newly acquired PRL13. On 12 May 2021, an inspection of the above ground portion of the linear rod pump (LRP) at the Killanoola-1 DW-1 well site was undertaken. The internal components of LRP were found to be in good condition and mechanically sound. The control box and the electrical system including the motor have been scheduled for testing. The LRP runs with three (3) phase power. Critically there are power lines nearby to which Red Sky can connect to if the pump needs to be run for 24 hours per day over long periods. Once all surface components have been checked and declared fit for purpose Red Sky is planning a short test run. If the testing performs well, the pump will be turned on for an extended production test. During that period Red Sky will be able to ascertain more about the quality of the oil, the reservoir and also test enhanced oil recovery solutions.
Once this test period is completed Red Sky will re-enter the well to perforate the newly identified 37 metres of potential pay. If successful, this should increase production rates significantly. Annonce • May 08
Red Sky Energy Identifies Additional Net Pay of 37 Metres At Killanoola Red Sky Energy announced that an independent petrophysical evaluation of the Killanoola - 1DW-1 well has been completed. This well is part of the Killanoola Oil Project (Killanoola) located in the Penola Trough, South Australia, within Red Sky's newly acquired PRL13. The Killanoola oilfield was discovered by the Killanoola-1 well in 1998 at a depth of 850 metres. The oil is a 34° API waxy crude. Previous flow tests of the well have recorded rates of up to 300 bopd. A petrophysical report commissioned by Red Sky on the Killanoola-1DW-1 well has identified potentially 37 metres of additional oil bearing pay zones within the 149 metre thick Sawpit Sandstone. This evaluation adds significantly to the currently perforated pay zone of 5 metres. Red Sky is now working to revise the work programme to include testing of the newly identified pay zones. These results follow the recent exceptional result of 16m of Net Pay for the Killanoola SE-1 well which was in stark contrast to the previous net pay estimates of 1.5m. Red Sky is preparing to perforate and test these newly identified pay potential zones in the wells. Planning is underway in line with forward programme. This testing, if successful, will allow Red Sky to book reserves associated with Killanoola-1DW-1 and Killanoola SE -1. Reported Earnings • Mar 28
Full year 2020 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: AU$98.0k (up AU$97.8k from FY 2019). Net loss: AU$1.78m (loss widened 3.2% from FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Feb 08
Red Sky Energy Limited Appoints Mr. Robert (Rob) Annells as its New Non-Executive Chairman Red Sky Energy Limited announced the appointment of Mr. Robert (Rob) Annells as its new non-executive Chairman, commencing with immediate effect. Robert has over 30 years of experience with public upstream oil and gas companies. He has worked extensively throughout Australia with several entities. Mr. Annells is a former member of the Australian Stock Exchange with over forty years of experience in the Securities Industry, and is also a qualified accountant. His experience includes Managing Director of Securities firms Credit Lyonnais and subsequent directorship of Daiwa Securities Ltd. His experience in the oil and gas public Companies arena includes, serving as Chairman of Lakes Oil Ltd. for in excess of 30 years and founding Director of Gippsland Offshore Petroleum. In addition, he was founding Chairman of Greenearth Energy Ltd. Annonce • Jan 22
Red Sky Energy Limited announced that it expects to receive AUD 1.1 million in funding Red Sky Energy Limited (ASX:ROG) announced that it has received commitments for a private placement of 550,000,000 new shares at a price of AUD 0.002 per share for gross proceeds of AUD 1,100,000 on January 20, 2021. The transaction will include participation from sophisticated, professional and other exempt investors. The transaction is expected to close on January 28, 2021. Annonce • Jan 21
Red Sky Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 3.971478 million. Red Sky Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 3.971478 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,985,738,920
Price\Range: AUD 0.002
Transaction Features: Rights Offering Annonce • Nov 26
Red Sky Energy Limited Provides Santos Innamincka Project Update Red Sky Energy Limited provided an update on the work programme review for the Yarrow gas field by Cooper Basin operator Santos Ltd. included in Red Sky's onshore Cooper Basin retention licences. These are PRL 14, 17, 18, 180, 181 and 182 collectively known as the Innamincka Dome Projects. The reprocessing of the 2D over the Yarrow Gas Field is nearing completion Priority sites for the next Yarrow well have been identified. The final location will be decided after re-interpretation of the seismic. If proven commercial a pipeline will be built to deliver the gas to market. The Yarrow well is scheduled by Santos to be drilled in the second half of 2021. A pipeline of approximately 20km would potentially be built to tie into the grid at Napowie to the south of the Yarrow gas field. The pipeline is expected to have a gross capacity of 20mmcfpd (4mmcfpd net to Red Sky). Yarrow has previously been estimated to have a 2C contingent resource of 18BCF. A further 20BCF 2C of associated gas is estimated at the Flax oil field 8km to the south east of Yarrow. Annonce • Nov 06
Red Sky Energy Limited (ASX:ROG) entered into a binding sale and purchase agreement to acquire South Australian Petroleum Retention Licence 13, which contains the Killanoola oilfield from Beach Energy Limited (ASX:BPT) for AUD 1. Red Sky Energy Limited (ASX:ROG) entered into a binding sale and purchase agreement to acquire South Australian Petroleum Retention Licence 13, which contains the Killanoola oilfield from Beach Energy Limited (ASX:BPT) for AUD 1 on November 6, 2020. Red Sky will be responsible for discharging all obligations arising in respect of the assets purchased as from completion of the transaction, including all liabilities relating to the decommissioning, abandonment, rehabilitation, remediation or restoration of those assets. Completion of the acquisition is subject to the satisfaction of certain conditions including regulatory approvals. Where ministerial consent is required for a dealing effected on completion of the acquisition, the parties have agreed to seek that consent in a timely manner post completion. Where ministerial consent is required but not obtained, or not obtained by the sunset date, unless a suitable alternative agreement can be reached, the sale and transfer contemplated under the agreement will not be completed. Agreement will be terminated if not all the conditions precedent are satisfied and/or waived within 120 days of the date of the agreement. The agreement may also be terminated if either party fails to perform any of their obligations under the agreement and fails to remedy such failure within 7 days of notice from the other party. 