Past year: ▼ 84%(0.10c – 0.63c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 May 2025farm in farm out agreement▲ GoodMajor
Binding farm-in for Killanoola's KN2 well: Condor Energy, Chawla and VB Energy fund 75% of drilling to earn 45% of the well. Red Sky keeps 55% of KN2, 100% of the rest of the licence and operatorship. Spud targeted late June quarter at the earliest, subject to approvals.
21 May 2025investor presentation● Neutral
AGM presentation largely repeating known facts: Angola resources, Yarrow 3 receipts, Killanoola plans. Yarrow 1 timing now shown later, with flowline in Q3 and online late Q4 2025; seismic interpretation by Q3 2025. Share price A$0.005, market cap A$27.11m, nil debt.
10 Apr 2025admin correction● Neutral
Amended re-release of the 9 April Angola resource announcement, adding the Listing Rule 5.25.4 statement that no reserves are reported and that volumes are unrisked. Resource numbers unchanged.
9 Apr 2025resource reserve update▲ GoodMajor
Maiden independent (PetroAus) estimates for Angola Block 6/24: Cegonha net contingent resource (2C) 5.1 MMbbl, 3C 10.8 MMbbl, plus net prospective 2U 11.0 MMbbl across three prospects. Delivers the resource review commissioned earlier; volumes are unrisked and no reserves are booked.
28 Mar 2025annual report● Neutral
2024 annual report: the MD calls 2024 the first full year of production, citing higher cash and the Angola Block 6/24 entry (35%, Cegonha best-estimate in place 106 million barrels). Killanoola crude market problem described as resolved; work can proceed subject to costs and rig availability. Text truncated; financials not shown.
28 Mar 2025other● Neutral
Appendix 4G corporate governance checklist for the year to 31 December 2024, dated 28 March 2025 and lodged with the annual report. Administrative compliance filing; no new business information.
6 Mar 2025flow test result● NeutralMajor
Yarrow 1 was fractured in two stages; flowback finished at about 1.8 MMscf/d and 87 barrels of water a day. That matches the pre-frac test rate and is in the low half of the 1.6-3.6 range. Online target slips from Q2 to Q3 2025, pending flowline approval.
28 Feb 2025drilling scheduled● Neutral
Santos will begin fracture stimulation at Yarrow 1 within days, with equipment being mobilised. Expected post-frac rates are 1.6-3.6 MMscf/d, and the well is still targeted to be fully operational in Q2 2025. This follows the delay from January.
3 Jan 2025asset acquisition disposition▲ GoodMajor
Red Sky signed a Risk Service Contract on 31 December 2024 for a 35% interest in Block 6/24 offshore Angola, alongside Sonangol E&P (50%, operator) and ACREP (15%). It is the company's first Angola asset, with a possible commercial oil discovery, Cegonha. It needs Angolan parliamentary ratification, expected within about 90 days.
20 Dec 2024drilling progress report● Neutral
Pre-frac workover at Yarrow 1 is complete, with the 4.5-inch sleeve cemented and the rig released on 19 December 2024. Fracture stimulation is now expected in late January 2025, later than the earlier January completion target for all downhole work.
29 Nov 2024other● Neutral
Administrative notice: from 2 December 2024 the share registry moves from Automic to Xcend. No effect on holdings.
15 Nov 2024drilling progress report● Neutral
Santos has mobilised the workover rig to Yarrow 1 and begun rigging up and pre-frac scoping. Re-entry begins imminently; downhole work still due by January 2025 and the well operational in Q2 2025. This follows the October re-entry announcement.
28 Oct 2024drilling scheduled▲ GoodMajor
Santos will start the Yarrow 1 re-entry in early November 2024. A September flow test gave about 1.8 MMscf/d with high wellbore skin, so fracture stimulation is planned, targeting 1.6-3.6 MMscf/d. Downhole work due by Jan 2025, operational Q2 2025. Yarrow 3 receipts total $3m.
17 Sept 2024investor presentation● Neutral
RIU conference presentation largely repeating known facts: Yarrow 3 receipts $2.7m since inception, Yarrow 1 re-entry on schedule for Q4 2024, Killanoola Viva Energy deal and ongoing talks with other buyers. Share price A$0.006, market cap A$32.53m, nil debt.
29 Aug 2024half year report▲ Good
Half-year to 30 June 2024: net profit $321,219 against a $712,251 loss a year earlier. Cash $3.33m, Yarrow 1 re-entry still Q4 2024. Killanoola plan revised again (rig for DW1 pump, vertical wells from new pads); oil offtake talks continue. Text is partly truncated.
31 May 2024regulatory community update● Neutral
Yarrow 3 has generated $2.05m of cash receipts since start, flowing at 3,500 mcfpd. At Killanoola, a conventional rig will replace the DW1 pump, and, citing cost inflation, the KN2 and SE2 wells will be drilled as deviated wells from existing pads. This revises the earlier plan for new well sites.
31 May 2024investor presentation● Neutral
AGM presentation repeating known facts: Yarrow 3 receipts of $2.05m, Viva Energy crude deal, revised Killanoola plan. Snapshot shows 5,422m shares, A$0.005 price, nil debt. No new information.
8 Apr 2024price query● Neutral
ASX queried a price fall from $0.005 to $0.0035 and higher trading volume. Red Sky replied it knew of no undisclosed information and had no other explanation, and confirmed it is complying with Listing Rule 3.1.
27 Mar 2024annual report● Neutral
Appendix 4G and corporate governance statement lodged with the annual report, dated 27 March 2024. Compliance paperwork with no operational or financial information.
27 Mar 2024annual report● Neutral
Annual report for year to 31 December 2023. The MD's letter recaps first Yarrow production, the Origin gas deal, the completed seismic survey and Killanoola's Viva Energy sale and DW1 production start, and says the company is pursuing acquisitions. Financial figures not visible in the extract.
27 Feb 2024other● Neutral
Administrative notice: from 4 March 2024 the share registry moves from Advanced Share Registry to Automic. No effect on holdings.
22 Jan 2024admin correction● Neutral
Replacement of the December 2023 quarterly report released the same day. Content is essentially the same, with the gas revenue line reworded to $264,344 and the gas volume figure removed. No new operational information.
15 Dec 2023production update● NeutralMajor
Killanoola DW1 flowed oil at an initial 62 bbl/day, but a downhole pump failure halted the test; contractors demobilised and a new pump awaits 2024 work. Separately, first Innamincka revenue was received for November gas sales to Origin.
29 Nov 2023joint venture update● Neutral
Santos completed the Yarrow joint seismic survey, with Red Sky free carried. Data will be processed and interpreted in coming months and used for a full field development plan.
22 Nov 2023admin correction● Neutral
Re-release of the 13 November Killanoola approval announcement to meet ASX Listing Rule 5.25.3, adding the contingent resource table and recovery factor explanation (cut from 40% to 30% for waxy crude). No new approval or result.
13 Nov 2023regulatory community update▲ GoodMajor
South Australian government approved production from the existing pay zone at Killanoola DW1, with contractors to mobilise immediately. This clears the approval step that was holding up production under the Viva Energy sale agreement.
30 Oct 2023material agreement▲ GoodMajor
Transportation, processing and product-sale agreements for Yarrow were finalised with the Cooper Basin joint venture (SACBJV). Red Sky will be reimbursed for transferring the southern 4km of flowline, which it says offsets a significant portion of farm-in costs. This clears the commercial agreements flagged earlier.
10 Oct 2023joint venture update● Neutral
The Yarrow joint seismic survey with Santos has started, with surveying from 4 October and data recording due to begin 17 October. Data is still expected in Q4 2023. Red Sky remains free carried.
2 Oct 2023material agreement▲ GoodMajor
Red Sky signed an umbrella gas sales agreement with Origin Energy, intended to cover all its Yarrow gas until 1 January 2026 on a take-or-pay basis, sold at Moomba. This sets the buyer for Red Sky's first revenue, following the pipeline completion.
7 Sept 2023investor presentation● Neutral
Good Oil Conference presentation repeating known facts: Yarrow production, Viva Energy crude deal, 135.5 mmbbl Killanoola oil in place. Snapshot shows 5,302m shares, A$0.005 price, nil debt. No new information.
