Red Sky Energy Limited ( (AU:ROG) ) has shared an announcement.
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.
More about Red Sky Energy Limited
Red Sky Energy Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is involved in joint ventures to enhance gas production, with a market focus on optimizing resource extraction and infrastructure development.
YTD Price Performance: -9.09%
Average Trading Volume: 14,801,380
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$32.53M
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