Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Good Oil Conference 2022
17 slides from Red Sky Energy's conference presentation, Sep 6, 2022
Slide 1: Presentation to Good Oil Conference September 2022
Presentation to Good Oil Conference September 2022
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 Options & 52 week ASX Ticker Share Price Market cap Debt Issue Perf. Rights trading range ROG A$0.006 5,302,227,197 610m A$31.8m A$0.0m $0.004-$0.011 (as at 2 September 2022) (undiluted)
Slide 4: Projects Overview
Projects Overview Expect significant progress in key areas in the near-term 20% INNAMINCKA working interest Free carry by Santos Gas well to be drilled Q3 2022 Substantial Oil & Gas exploration KILLANOOLA potential across Working toward an extended all projects flow to generate short term cashflow 1
Slide 5: Corporate Strategy
Corporate Strategy Red Sky remains focused and on track Strategic Approach 01 02 03 04 Maximising Value Historical Resources Exploration Development Strategic plan Value accretive Prepare the Killanoola Killanoola 3D seismic. Full development of focused on near acquisitions made in project for exten
Slide 6: Killanoola Oil Project: Primed for long term production
Killanoola Oil Project: Primed for long term production 100% owned Flagship located in South Australia’s onshore Otway Basin An independent report on the Killanoola-1DW-1 and SE1 wells identified potentially 37m and 17m of additional oil bearing pay zones within the 149-metre-thick Sawpit Sandstone
Slide 7: Killanoola Oil Project: 1228% Increase Best Estimate PIIP
Killanoola Oil Project: 1228% Increase Best Estimate PIIP An Independent Report on 614% the Discovered PIIP was completed Newly estimated 1228% Discovered PIIP values take into account additional net pay identified in wells 2760% Killanoola SE-1 and Killanoola-1 DW-1 7
Slide 8: Killanoola Oil Project: 896% Increase 2C
Killanoola Oil Project: 896% Increase 2C 2C Contingent Resources increased 438% by 896% Red Sky is targeting up to 27.9 mmbbls oil recoverable 896% Killanoola will potentially become a 2050% material oil project for the Company’s future cashflow 8
Slide 9: Steps to Realising Cashflow
Steps to Realising Cashflow SALES CONTRACTS, PLANNING, PERFORATE NEW ZONES PRODUCE OIL TO TANK OIL DELIVERED & APPROVALS & MOBILIZE RIG & FLOW WELLS & TRUCK IT PAYMENT RECEIVED • The Team is working on • Following CBL runs, TCP • The produced oil will • The crude will be planning of DW-1 guns will b
Slide 10: Solution for the Wax Problem: Heat up the Crude
Solution for the Wax Problem: Heat up the Crude Well Separator Storage Tank Trucking Our solution for the wax problem: • Heat up the crude throughout the production process: flowlines, separator, storage tank and trucking • Keep the crude temperature above 36 Degrees Celsius all the time • Does not
Slide 11: Crude Delivery
Crude Delivery Multiple Insulated ISO sites tanks being anticipated completed to deliver crude Heated tank Further painted in Red tanks on Sky orange order 11
Slide 12: Killanoola Crude: Distillation Results
Killanoola Crude: Distillation Results 6.5% 16.2% Naphtha Oil sampling Residue Gasoil 12.3% operation Kerosene commands successfully a premium carried out at price Killanoola-1 DW-1 in Dec 2021 APPROXIMATE RECOVERED Maximum 32.4% (WT%) pour point is Collected Heavy Gasoil 36 degrees samples Celsius
Slide 13: Innamincka Project
Innamincka Project • Red Sky holds 20% working interest in the six PRLs (14, 17, 18, 180, 181, 182) • Santos, the operator farmed in, holds the other 80% • Farm-in commitments include: a new 3D over the Yarrow gas field and a vertical well • And a horizontal well in Flax • Further exploration and ev
Slide 14: Innamincka Inventory
Innamincka Inventory PRL14 Flax Oil & Gas Field (20%) • 2C 1.98 mmbbl oil Net Contingent Resources • 2C 0.7 mmboe gas • Production infrastructure already built Red Sky 1C 2C 3C Interest • Six production wells drilled • Produced over 180,000bbl until shut-in 2015 Permit Field Hydrocarbon Oil in mmbbl
Slide 15: Project Development Schedule
Project Development Schedule All Projects have existing contingent resources with potential upside 2022 – 2023 2023 Onwards KILLANOOLA, KILLANOOLA YARROW FLAX YARROW, FLAX ONGOING Resources upgraded Drilling to commence Horizontal well in September Development and Low capex with near term High poten
Slide 16: Strategic Acquisitions
Strategic Acquisitions Red Sky continues to review and explore opportunities Red Sky is assessing Brent Crude Oil Prices USD opportunities as part of its 140 strategy of acquiring Oil prices producing or near 120 remain production assets 100 robust The global move to energy 80 transition out of foss
Slide 17: 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 – 6 September 2022