Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Shareholder Meeting (May 2007)
24 slides from Red Sky Energy's shareholder meeting presentation, May 30, 2007
Slide 1: AGM Presentation
AGM PRESENTATION | ROG ON ASX energy Limited
Slide 2: Disclaimer
DISCLAIMER Red Sky Energy (the Company) has prepared this Presentation. Whilst the information contained in this publication has been prepared with all reasonable care from information provided by the Company and from sources, which the Company believes are reliable, no responsibility or liability i
Slide 3: Red Sky Energy is an Oil and Gas Exploration Company
Red Sky Energy is an Oil and Gas Exploration Company with a risk reduction technology _/ red ag cnergy i.
Slide 4: Snapshot
SNAPSHOT Drilling program starts following receipt of IPO funds 18 month Technology license gives competitive edge Extensive drillable prospect inventory Experienced management and board of directors Strong relationships with Australian Oil & Gas Producers Wildcard Darling Basin _/ red ag cnergy
Slide 5: Red Sky's Exploration interests
Ce La fe Cammanvon Basin Darling \ A Basin. red Red Sky's Exploration interests ag cnergy lime
Slide 6: Board Members
BOARD MEMBERS — Klaus Zahnd, Managing Director and Exec. Chairman, — Barry Adams, B.Eng. (Elec.),Grad. Dip. Eng., Chief Executive Officer — Michael Norman Arnett, BComm, LLB, Non-Executive Director — Keith Skipper, B.Sc. (Hon) Geology, M.Sc., Non-Executive Director — Kenneth Bradley, P. Geol. Non-Ex
Slide 7: Management Structure
MANAGEMENT STRUCTURE KLAUS ZAHND MANAGING DIRECTOR __ PHILLIP COONEY BARRY ADAMS EXPLORATION MNGR CHIEF EXEC. OFFICER _/ red ag cnergy
Slide 8: Established Technology
ESTABLISHED TECHNOLOGY Risk reduction / Success enhancement ; = ROG HAS FIRST OPTION AND RIGHT TO USE THE TECHNOLOGY FOR AN 18 MONTH PERIOD ONSHORE AUSTRALIA _/ red ag cnergy
Slide 9: Hydrocarbons Background
4& HYDROCARBONS BACKGROUND. red ag cnergy lime
Slide 10: Delivered Survey Data (Typical)
DELIVERED SURVEY DATA (TYPICAL) Hydrocarbon signatures shown over a surveyed area structure map Correlate with existing geology and seismic Select target _/ red 5 Lag energy
Slide 11: Month Drilling Program
12 MONTH DRILLING PROGAM IPO funds will be used to drill these Cooper Basin wells: PEL 93: Rainbird — 1 : Stuart Petroleum PEL 91: Un-named : Great Artesian / Beach PEL 106: Un-named : Great Artesian PEL 91: Un-named : Great Artesian / Beach Onshore Carnarvon: EP444: Un-named : Rough Range Oil _/ re
Slide 12: Cooper Basin Interests
COOPER BASIN INTERESTS COOPER BASIN FLIGHTS 14 930 « 7,300 line km surveys flown * Four farmins * PEL 91 Great Artesian * PEL 106 Great Artesian * PEL 93 Stuart Petroleum | * PEL 110 Beach Petroleum : | Surveyed but dropped | * PEL 90 Stuart Petroleum O62 § 30° F930" Fa j TOP OF CADNA-OWIE DEPTH STR
Slide 13: Cooper Basin Drilling Success
COOPER BASIN DRILLING SUCCESS: Traditional Cooper Basin drilling success & Drill success Drill 4 wells before success mpyrenss Cost $8,000,000 Estimated Cooper Basin ROG COMPETITIVE ADVANTAGE drilling success for Red Sky Drill 3 wells before success Cost $6,000,000 B Drill success @Dry holes _/ red
Slide 14: Cooper Basin / PEL / Lead Map
COOPER BASIN / PEL 93 / LEAD MAP red ag cnergy lime 12 drill prospects nominated Operated by Stuart Petroleum Selected on 2D seismic ROG geochemical signature over permit area
Slide 15: Rainbird - Murta and Patchawarra Oil Play
RAINBIRD — 1 / MURTA AND PATCHAWARRA OIL PLAY ) First of 12 drilling prospects Robust target on seismic /ROG geochemical confirmation ROG pays 98% to earn 49% of resulting production, farmout contemplated J red __ _ ag cnergy _ _ oe | _ _
Slide 16: Proposed Rainbird-1
ag cnergy lime PROPOSED RAINBIRD-1
Slide 17: Onshore Carnarvon Basin Interest
Onshore CARNARVON BASIN INTEREST ag cnergy lime ROG earns 50% in ibe 8 aio 2 OUCH RANGE Of PEY tab oo a es EXPLORATION PERMIT EPs44 fi cl a irene " Bee eae Location of Fi spanita Geochemical Survey sii 2100 line km GMS survey flown Rough Range Oil Seismic being _ interpreted 1.7m acre permit
Slide 18: Darling Basin Interests
DARLING BASIN INTERESTS 10,400 line km of airborne GMS surveys flown over Six Petroleum licenses PEL 419 PEL 420 PEL 447 PEL 448 PEL 449 PEL 451 Overall license area 47 468 km2. (11.7 million acres). red i Y i i ' ( ] 7 ( ' ( ] sky Gee ww! EG
Slide 19: Taringo Downs - Darling Basin
18S’ 20° 14825" 14S 30" 145°3S" SYDNEY-MOOMBA GAS PIPELINE 32's" 32°10" 32°15" Taringo Downs 2006 Seismic Survey SE OLE _/ red 5 Leg cnergy lime TARINGO DOWNS — DARLING BASIN PEL 420 Two wet gas geochemical anomalies, measuring over 42km?2 93.4 KM Seismic program completed August 2006 Moomba Sydney
Slide 20: Leads Inventory
LEADS INVENTORY - Eleven leads in PEL 93,Cooper - Stuart - Four leads in PEL 110,Cooper / Beach - Leads in EP 444, Carnarvon / Rough Range Oil - Leads in PEL 420, Darling Basin / Red Sky _/ red ag cnergy
Slide 21: Month Use of Funds
12 MONTH USE OF FUNDS DRILLING EXPLORATION OVERHEADS ISSUE EXPENSE WORKING CAP. TOTAL _/ red ag cnergy FARA A HP HG 3,400,000 600,000 1,000,000 400,000 600,000 6,000,000
Slide 22: Shares on Issue
SHARES ON ISSUE Total Shares 92,500,000 Options 20,900,000 Public float 53,100,000 * 3for1 “Rights Issue of Options” within 2 month Trading symbol - ROG _/ red ag cnergy
Slide 23: Summary
SUMMARY Drilling program starts following receipt of IPO funds Experienced management and board of directors 18 month Technology license gives competitive edge Extensive drillable prospect inventory Strong relationships with Australian Oil & Gas Producers Upside with the “wildcard “ Darling Basin _/
Slide 24: Contact information
Contact information: Klaus D. Zahnd Telephone: 0400 280 411 E-mail: KDZ@redskyenergy.com.au _/ red ag cnergy