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RED SKY ENERGY LIMITED. - Discussion

Red Sky Energy Limited is an Australia-based oil and gas exploration and development... Red Sky Energy Limited is an Australia-based oil and gas exploration and development company. The principal activities of the Company include exploration for economic deposits of oil and gas. The Company’s projects include Killanoola and Innamincka. The Killanoola Oil Project is the Company’s 100% owned flagship project located in South Australia’s onshore Otway Basin. Its PRL-13 license covers an area of 17.5 square kilometers (sq km) and is located in southeastern South Australia close to the Jacaranda Ridge and Haselgrove Gas Fields and Katnook Gas Processing Facility in the Penola Trough of the onshore Otway Basin. It has 20% working interest in Innamincka Project, which holds interests in Petroleum Retention License (PRL)-14, PRL-17, PRL-18, PRL-180, PRL-181 and PRL-182, which are located in South Australia. The Gold Nugget Project is located in the Wind River Basin, Wyoming. The Company’s subsidiaries include Red Sky NT Pty Ltd and Red Sky Killanoola Pty Ltd.More