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An announcement from Red Sky Energy Limited ( (AU:ROG) ) is now available.
Red Sky Energy’s December 2024 Quarterly Activities Report highlights significant operational progress and strategic acquisitions. The Innamincka project continues to generate revenue from Yarrow 3, with Yarrow 1’s re-entry expected to boost cash flow in 2025. The company’s acquisition of a 35% interest in Block 6/24 offshore Angola marks a key milestone, introducing a promising oil asset that enhances geographic diversity and supports long-term growth. Red Sky is also advancing its Killanoola project, negotiating crude offtake plans and preparing for future drilling activities, positioning itself for enhanced production potential and shareholder value.
More about Red Sky Energy Limited
Red Sky Energy Limited operates in the energy sector, focusing on the production and sale of gas, LPG, and condensate. The company is actively engaged in projects in Innamincka and Killanoola, while also expanding its portfolio with interests in offshore Angola.
YTD Price Performance: -9.09%
Average Trading Volume: 17,195,557
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$35.24M
Find detailed analytics on ROG stock on TipRanks’ Stock Analysis page.
