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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)

Gold Nugget

  • Planning commenced to divest asset
  • 100% working interest in the Gold-Nugget -1/23 gas field and pipeline in Wyoming, USA