cap raising needed, page-10

The April-June quarter has begun, Aproval is given, Drill Rig contracted?

This from "Proactive Investors"

"The company will now contract a drilling rig to drill the well, which targets the highly prospective Kangaroo Creek Sandstone gas resource.

Gillespie said while it was uncertain when this would be achieved, the company had historically taken about 3 months to secure a drilling rig".

A CR will be required IMO. Will be good to see the well drilled and flared on present cash to get share price up then a rights issue and maybe a consolidation.

(http://www.proactiveinvestors.com.au/companies/news/28307/red-sky-energy-gets-green-light-to-drill-talma-pilot-well-in-new-south-wales-28307.html)