Red Sky Energy P/B

What does Red Sky Energy do? Red Sky Energy Ltd, trading under the ticker symbol ROG.AX and identified by ISIN AU000000ROG5, is an Australian energy company headquartered in Melbourne, Victoria. The firm was established to engage in the exploration and development of properties specifically for the extraction of oil and gas resources. Red Sky Energy officially entered the public market through an initial public offering on May 23, 2007, marking its transition into a publicly listed entity. The principal activities of the company revolve around the systematic exploration for economic deposits of oil and gas across various jurisdictions. The organization manages a portfolio of distinct projects that span both domestic Australian basins and international locations, reflecting a diversified approach to resource acquisition and exploration. The company’s flagship asset is the Killanoola Oil Project, which is wholly owned by Red Sky Energy. This project is situated in South Australia’s onshore Otway Basin, a region known for its geological potential. The Killanoola project operates under the PRL-13 license, which covers an area of 17.5 square kilometers. This license is strategically located in southeastern South Australia, in close proximity to significant existing infrastructure and other energy fields. Specifically, it is near the Jacaranda Ridge and Haselgrove Gas Fields, as well as the Katnook Gas Processing Facility, all of which are located within the Penola Trough of the onshore Otway Basin. This proximity to established facilities may offer logistical advantages for future development and processing activities. In addition to its core Australian assets, Red Sky Energy holds interests in the Innamincka Project, which comprises multiple petroleum exploration licenses including PRL-14, PRL-17, PRL-18, PRL-180, PRL-181, and PRL-182. These licenses are also located within South Australia, expanding the company’s footprint in the region. Beyond its domestic operations, the company has expanded its exploration efforts internationally through the Gold Nugget Project. This project is located in the Wind River Basin in Wyoming, United States, demonstrating the company’s ambition to evaluate resource potential in diverse geological settings. To support these varied operations, Red Sky Energy utilizes a network of subsidiaries, including Red Sky NT Pty Ltd, Red Sky Killanoola Pty Ltd, and Red Sky Gold Nugget LLC. These entities facilitate the management and execution of exploration activities across different legal and geographical jurisdictions. The company’s website, https://redskyenergy.com.au/, serves as the primary digital hub for stakeholders seeking further information on its ongoing projects and corporate developments. Red Sky Energy is one of the most popular companies on Eulerpool.