Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Investor Presentation (August 2021)
17 slides from Red Sky Energy's investor presentation, Aug 17, 2021
Slide 1: Investor Presentation
Investor Presentation AUGUST 2021
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: Contents
Contents • Investment Highlights • Corporate Snapshot • Projects Overview • Corporate Strategy • Road Map • Killanoola Oil Project • Innamincka and Gold Nugget Projects • Contacts 3
Slide 4: Investment Highlights
Investment Highlights Strong Asset Foundation Unlocking Greater Potential Diversity Early works have identified Killanoola Oil project Two further projects an impressive opportunity on with early production option with supporting value further pay zones • 100% owned Flagship Killanoola Oil Project •
Slide 5: Corporate Snapshot
Corporate Snapshot Board of Directors and Executives Robert Annells Andrew Knox Adrien Wing Bill Lodwick Serge Toulekima Chairman Managing Director Non-Exec Director Exploration & Development Reservoir Engineering & Manager New Ventures Manager And Company Secretary Mr Annells has over 30 years of M
Slide 6: Projects Overview
Projects Overview Killanoola Innamincka Gold Nugget • Production tests on two wells planned • Free carry by Santos • Planning commenced to divest of asset • Targeting 2.8mmbbls recoverable • Gas well to be drilled Q4 2021 • 100% working interest in the Gold- • Potential of new possible pay zones • H
Slide 7: Corporate Strategy
Corporate Strategy Strategic Approach 01 02 03 04 Maximising Value Historical Resources Exploration Development Strategic plan Value accretive Prepare the Killanoola 3D seismic. Develop Killanoola focused on near acquisitions made in Killanoola project for Process and full field development term cas
Slide 8: Road Map
Road Map Initiate Regulatory Process seismic at Approvals and engage Production Continues Killanoola with contractors Commence testing at Assess Yarrow gas well Full field development begins Ongoing acquisition Killanoola 1 DW1 Continue Killanoola Drill Horizontal Flax oil well Expanding Production
Slide 9: Killanoola Oil Project
Killanoola Oil Project • Red Sky has acquired the Killanoola Oil field (PRL-13) from Beach Energy • Funds have been raised to support the work program • STOIIP ranges up to 7 million barrels • Recoverable oil currently ranges up to 40% or 2.8 million barrels • Significant Upside with potential new p
Slide 10: Killanoola Field History
Killanoola Field History • Field was discovered in 1998 by the Killanoola-1 well • Discovery well was deviated to an up-dip position by the Killanoola-1 DW-1 well and a drill stem test produced about 120 bopd • A second well Killanoola SE-1 was drilled in 2011 but no production test was carried out.
Slide 11: PRL 13 Potential
PRL 13 Potential Killanoola-1 Block • Killanoola-1 DW1 can be brought back into production quickly • Red Sky plans to engage a proven enhancement technology to increase production • Significant upside in potential new pay zones • Better flow rates from the well will increase the final recoverable vo
Slide 12: Potential New Pay Zones Identified
Potential New Pay Zones Identified Killanoola Field Structural Elements and Reservoirs
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 & a vertical well • A horizontal well in Flax • Further exploration and evalua
Slide 14: Innamincka Inventory
Innamincka Inventory PRL14 Flax Oil & Gas Field (20%) • 2C 1.98 mmbbl oil • 2C 0.7 mmboe gas Net Contingent Resources • Production infrastructure already built Red Sky 1C 2C 3C • Six production wells drilled Interest • Produced over 180,000bbl until shut-in 2015 Permit Field Hydrocarbon Oil in mmbbl
Slide 15: Gold Nugget Project
Gold Nugget Project Wind River Basin gas producer, Wyoming, USA • Red Sky holds 100% working interest in the gas well and the gas pipeline Entry Sign • Planning to divest this asset • Production from Fort Union Fm 3 Phase 750lb (8,600-11,700ft) and Lance Fm separator Meter (11,700 – 13,800ft) house
Slide 16: Company Resources Position - July 2021
Company Resources Position - 1 July 2021 Net Contingent Resources Red Sky 1C 2C 3C Interest Permit Field Hydrocarbon Oil in mmbbl. Gas in mmboe % Contingent PRL14/18 Flax Oil 0.94 1.98 3.48 20 Resources Gas 0.32 0.7 1.18 20 PRL18 Juniper Oil 0.02 0.18 0.28 20 Gas 0.02 0.08 0.34 20 PRL17 Yarrow Oil 0
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 – 17 August 2021