Red Sky Energy’s Promising Quarterly Results

Red Sky Energy Limited (AU:ROG) has released an update.

Red Sky Energy reported solid quarterly performance with $1.17 million in cash receipts from their Yarrow 3 production and a steady operational flow rate. The company is gearing up for a re-entry of the Yarrow 1 well, anticipating additional cash flow and an estimated recovery of 2.4 BCF. They have also secured a deal with Viva Energy Australia for the sale of crude from the Killanoola oil field, with plans for further drilling operations underway.

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