Past year: ▼ 84%(0.10c – 0.63c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
3 July 2007drilling scheduled● Neutral
Red Sky says Rainbird-1 in PEL 93 is expected to spud toward the end of August, as part of Stuart's six-well program, with Red Sky funding 98%. The release says it earns 48%, whereas earlier material said 49%. Timing moves from June to late August.
31 May 2007farm in farm out completion▲ GoodMajor
Great Artesian's release says Red Sky deposited $1m, meeting the final condition of its PEL 91/106 farm-in. Red Sky can fund up to three wells, with drilling expected in the second half of 2007. This advances the earlier farm-in.
31 May 2007farm in farm out completion▲ Good
Red Sky's own release confirms the $1m deposit toward up to three Great Artesian wells. First choice is Petrouska-1 in the Spinel block, subject to Great Artesian's technical review and a Blue Energy drilling decision. Drilling is due to start in the third quarter.
30 May 2007drilling scheduled▲ GoodMajor
Stuart Petroleum will drill Rainbird-1 in PEL 93 from June 2007 in a seven-well program. Red Sky funds 98% of the well to earn 49%. It is the first well drilled for Red Sky since listing.
