Killanoola
- Updated Independent Report on Discovered PIIP completed in April 2023
- Best Estimate PIIP now at 135.5 mmbbls
- Red Sky targeting 30 mmbbls plus oil recoverable
- Crude sale agreement signed with Viva Energy (ASX:VEA) for all crude produced
- SA DEM approval received to commence production at Killanoola DW1
Innamincka
- Free carry by Santos
- Red Sky holds a 20% working interest in six PRLs
- Yarrow production commenced July 2023
- Gas sales agreement signed with Origin Energy (ASX:ORG)
- Further agreements finalised for sale of ethane, LPG and condensate with SACBJV (South Australian Cooper Basin Joint Venture)
Kwanza Basin, Angola
- Red Sky awarded a 35% interest in Block 6/24 offshore Angola in the Kwanza Basin
- Block 6/24 Highlights:
- Size: 4,930 km²
- Seismic Data: 1,531 km² 2D, 1,465 km² 3D
- Exciting Potential:
- High prospectivity for oil based on data room analysis
- 9 wells drilled, with Cegonha oil field discovery
- Preliminary signs point to a commercial find; further studies underway to confirm resources
