Past year: ▼ 84%(0.10c – 0.63c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Sept 2025half year report▼ Bad
Half-year to 30 June 2025: net loss of $539,232, against a $321,219 profit in the first half of 2024. Cash was $2.27m at 30 June. Yarrow 3 receipts were $1.15m year to date. Text carries stray headers from an old Kilgore report; the figures are Red Sky's.
11 Sept 2025drilling progress report● Neutral
Construction has started at the KN2 well pad at Killanoola, with topsoil removal under way and expected to finish within two days. Cultural monitoring is on site. Follows the 8 September approval; the company says it remains on schedule for drilling.
8 Sept 2025regulatory community update▲ Good
South Australia's energy department gave final approval to build the KN2 well pad at Killanoola (80 x 70 m). Construction is due to finish within about two weeks. This clears the approval hold-up reported in June; the same rig is to drill KN2 and do the DW1 pump workover.
4 Sept 2025material agreement▲ GoodMajor
Angola's parliament ratified the Block 6/24 Risk Service Contract and a formal signing ceremony was held. Red Sky keeps its 35% interest (Sonangol 50% operator, ACREP 15%). Clears the way for JVOA finalisation and a work programme; resources remain 5.1 MMbbl net 2C contingent, 11.0 MMbbl 2U prospective.
22 July 2025quarterly activities report▼ Bad
June 2025 quarter: Yarrow 3 receipts $0.58m; Yarrow 1 completion and tie-in delayed by flooding, with first gas now Q4 2025 (previously Q3). KN2 still awaiting approvals, spud now expected in Q3. Cash $2.27m, down from $2.76m.
27 June 2025drilling progress report▼ Bad
KN2 drilling is awaiting final government approvals; the company expects no significant delay. The rig originally allocated has been temporarily deployed to another operator, so the timeline is to be confirmed. This slips the late-quarter spud targeted in May.
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.
30 Apr 2025quarterly activities report● Neutral
March 2025 quarter: Yarrow 3 receipts $0.57m; Yarrow 1 fracture result ~1.8 MMscf/d, flowline construction Q2 and first gas Q3 2025. Killanoola in talks with the Santos-operated Cooper Basin JV on processing. Angola maiden resources restated. Cash $2.76m, down from $2.96m.
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.
2 Apr 2025agm notice● Neutral
AGM set for 21 May 2025, 10.00am Melbourne time. Director nominations close 9 April 2025. Administrative notice only.
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.
31 Jan 2025quarterly activities report● Neutral
December 2024 quarter: Yarrow 3 receipts $0.45m (down from $0.63m); cash $2.96m. Yarrow 1 fracture stimulation slipped to late February 2025. Killanoola rig work now depends on an acceptable offtake. The Angola Block 6/24 stake is restated, with an independent resource review commissioned.
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.
30 Oct 2024quarterly activities report● Neutral
September 2024 quarter: Yarrow 3 receipts $0.63m (down from $0.93m), with substantial downtime noted; cash $3.1m. Yarrow 1 re-entry restated. Killanoola now targets KN2 as a vertical well, with other buyers still sought. Management is pursuing opportunities in South East Asia and Sub-Saharan Africa.
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.
29 July 2024quarterly activities report● Neutral
June 2024 quarter: Yarrow 3 receipts of $0.93m, lower than the $1.17m prior quarter, with the report noting substantial downtime. Cash rose to $3.33m. Killanoola now says a concentric workover unit will replace the DW1 pump, and the company is again in talks on oil offtake.
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.
29 Apr 2024quarterly activities report● Neutral
March 2024 quarter: Yarrow 3 brought in $1.17m of receipts and cash rose to $2.943m. The Yarrow 1 re-entry slipped to Q4 2024 because of pipeline capacity, at $0.96m net cost to Red Sky. Killanoola pump fix and wells still being planned, with cost constraints noted.
11 Apr 2024agm notice● Neutral
The 2024 AGM is set for 31 May 2024 at 10am, with director nominations closing 16 April 2024. Administrative notice only.
