Red Sky Energy Limited · ASX:ROG
Red Sky Energy — RIU Essential Energy (September 2024)
15 slides from Red Sky Energy's conference presentation, Sep 17, 2024
Slide 1: RIU Essential Energy Presentation
RIU Essential Energy Presentation 17 September 2024
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices Various statements in this document constitute statements relating to intentions, future acts and events. Such statements are generally classified as forward looking statements and involve known risks, expectations, uncertainties and other important factors that coul
Slide 3: Corporate Snapshot
Corporate Snapshot An experienced team with a proven track record of excellence in oil & gas Corporate Shares on 52 week ASX Ticker Share Price Perf. Rights Market cap Debt Issue trading range ROG A$0.006 5,422,227,197 450m A$32.53m A$0.0m $0.003-$0.007 (16 September 2024) (undiluted) (16 September
Slide 4: Projects Overview
Projects Overview Important milestones achieved for both key projects 20% working INNAMINCKA interest • Free carry by Santos • Yarrow production commenced July 2023 • Gas sales agreement signed with Origin Energy (ASX:ORG) • $2.7m cash receipts generated since inception from Yarrow 3 production • Cu
Slide 5: Innamincka Project: Yarrow Production Commenced
Innamincka Project: Yarrow Production Commenced Santos completed Yarrow flowline with connection to the network and Yarrow 3 well First gas production August 2023 Gas sales agreement signed with Origin Energy under a take or pay agreement, with first cashflow received in Q4 2023 Further agreements f
Slide 6: Innamincka Project: First Production Revenue Received
Innamincka Project: First Production Revenue Received Yarrow Summary JV Products (100%): Monthly Production Summary (August 2023 to August 2024) Production revenue from Yarrow 3 has generated cash receipts of $2.7m since inception Approximately 75% of receipts are from gas sales with the balance The
Slide 7: Innamincka Project: Re-Entry of Yarrow Well
Innamincka Project: Re-Entry of Yarrow 1 Well Re-entry of the Yarrow 1 Well remains on schedule for Q4 2024, with online completion expected by Q2 2025 Re-entry is anticipated to enhance production capabilities significantly, contributing to Red Sky's future cash flows Yarrow 1 Well has an expected
Slide 8: Innamincka Project: Joint 3D Seismic Acquisition Agreement
Innamincka Project: Joint 3D Seismic Acquisition Agreement Yarrow 3 seismic acquisition programme agreed with Santos in conjunction with adjacent permit covered parts of PRL14 including Yarrow and PRL17 Seismic acquisition provides for Red Sky to be free carried through the programme Joint acquisiti
Slide 9: Killanoola Oil Project: Market and Sale Agreement Secured
Killanoola Oil Project: Market and Sale Agreement Secured 100% owned Flagship Project located in South Australia’s onshore Otway Basin Sale agreement currently agreed with Viva Energy (ASX:VEA) for all crude produced subject to specifications and benchmarked against dated Brent for pricing Delivery
Slide 10: Killanoola: Timeline to Revised Forward Programme
Killanoola: Timeline to Revised Forward Programme DW1 Workover DW1 Workover DW1 Workover Flow Test at DW1 DW1 Workover KN2 and KN Main Structure KN2 Drilling Pump Breakdown SE2 Drilling Appraisal Drilling SE1 Completion Dec-2023 Mar-2024 May-2024 Jul-2024 Sept-2024 Use Crane Use Workover Unit Use Dr
Slide 11: Killanoola Oil Project: Revised Forward Programme
Killanoola Oil Project: Revised Forward Programme Red Sky has decided to drill a high-impact well called KN2 based on the 3D seismic interpretation. The KN2 future well pad is shown in the figure. Spud date is planned for Q1 2025. Drilling a vertical well at the KN2 site will provide more efficient
Slide 12: Aerial View of the Revised Forward Programme
Aerial View of the Revised Forward Programme Killanoola-1-DW1 Killanoola-2 Workover New Well Killanoola-SE1 B sand Completion Upper Sawpit Sands structural closure at 820mSS PRL-13 1 km 12
Slide 13: Project Development Schedule
Project Development Schedule All Projects have existing contingent resources with potential upside 2023 – 2025 2025 Onwards KILLANOOLA, KILLANOOLA YARROW FLAX YARROW, FLAX ONGOING Discovered PIIP upgraded Production continues 6 existing wells from Yarrow 3 Finalise all commercial contracts with High
Slide 14: Strategic Acquisitions
Strategic Acquisitions Red Sky is assessing opportunities in two regions of interest as part of its strategy of acquiring producing or near Region 2: South-East Asia production assets The global move to energy transition out of fossil fuels Region 1: Sub-Saharan Africa by the majors has created oppo
Slide 15: Andrew Knox Mark Flynn
Andrew Knox Mark Flynn Managing Director Investor Relations +61 3 9614 0600 +61 416 068 733 andrew.knox@redskyenergy.com.au info@redskyenergy.com.au Released with the authority of the Board – 17 September 2024
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