Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Good Oil Conference September 2023
15 slides from Red Sky Energy's conference presentation, September 2023
Slide 1: Presentation to Good Oil Conference
Presentation to Good Oil Conference September 2023
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$0.005 5,302,227,197 570m A$31.81m A$0.0m $0.003-$0.008 (as at 1 Sept 2023) (undiluted) (30
Slide 4: Projects Overview
Projects Overview Important milestones achieved for both key projects 20% INNAMINCKA working interest • Free carry by Santos • Yarrow production commenced July 2023 • Revenue expected Q3 2023 Substantial Oil & Gas 100% exploration KILLANOOLA working interest potential • Crude sale agreement across a
Slide 5: Corporate Strategy
Corporate Strategy Red Sky now a producer Strategic Approach Maximising Value 01 02 03 04 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 extended resulted in
Slide 6: 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 signed with Viva Energy for all crude produced subject to specifications Benchmarked against dated Brent for pricing Next steps: to seek Government ap
Slide 7: Killanoola Oil Project: Primed for long term production
Killanoola Oil Project: Primed for long term production An updated Independent Report Killanoola Oil Field Discovered Petroleum Initially In Place (mmbbls) on the Discovered PIIP was Low Best High 9 April 2021 2.0 7.0 13.8 completed in April 2023 31 March 2022 57.2 93.0 98.6 Best Estimate PIIP now 1
Slide 8: Killanoola Oil Project: Closer to realising cashflow
Killanoola Oil Project: Closer to realising cashflow CRUDE SALE AGREEMENT & MOBILISE SGS ON DW1 WELL SITE PRODUCE OIL TO TANK OIL DELIVERED & GOVERNMENT APPROVAL & FLOW WELL & TRUCK IT TO REFINERY PAYMENT RECEIVED • Sale agreement signed • Planning to restart • The produced oil will • Delivery will
Slide 9: Innamincka Project: Overview
Innamincka Project: Overview 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% Yarrow Gas Activity by Santos at Yarrow 3 Well completed in February 2023 Construction of a pipeline of approximately 18km to tie into the g
Slide 10: Innamincka Project: Yarrow Production Commenced
Innamincka Project: Yarrow Production Commenced Santos has completed the Yarrow flowline connection to the network and the Yarrow 3 well First gas production and online commissioning activities have commenced. Current raw gas production is circa 3 MMscfd Revenue from Yarrow to Red Sky expected in Q3
Slide 11: Innamincka Project: Inventory
Innamincka Project: Inventory PRL14 Flax Oil & Gas Field (20%) • 2C 1.98 mmbbl oil Table 2: Innamincka Project - Inventory Net Contingent Resources • 2C 0.7 mmboe gas • Production infrastructure already built Red Sky 1C 2C 3C • Six production wells drilled Interest • Produced over 180,000bbl until s
Slide 12: 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 to cover parts of PRL14 including Yarrow and PRL17 Seismic acquisition provides for Red Sky to be free carried through the programme Joint acquisit
Slide 13: Project Development Schedule
Project Development Schedule All Projects have existing contingent resources with potential upside 2023 – 2024 2024 Onwards KILLANOOLA, KILLANOOLA YARROW FLAX YARROW, FLAX ONGOING Discovered PIIP upgraded Production has commenced 6 existing wells Low capex with near term revenues from Yarrow 3 High
Slide 14: Strategic Acquisitions
Strategic Acquisitions Red Sky continues to review and explore opportunities Red Sky is assessing Figure 8: Brent Crude Oil Prices USD 140 opportunities as part of its strategy of acquiring 120 Oil prices producing or near remain production assets 100 robust The global move to energy 80 transition o
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 – 7 September 2022