Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Investor Presentation (September 2019)
19 slides from Red Sky Energy's investor presentation, September 2019
Slide 1: Red Sky Energy Ltd – Innamincka Oil & Gas – Good Oil Presentation
Red Sky Energy Ltd (ASX:ROG) INNAMINCKA Oil & Gas Good Oil Presentation September 2019
Slide 2: Disclaimer
Disclaimer Forward Looking Statements 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
Slide 3: Investor Highlights
Investor Highlights • Farmed-out Innamincka project to Santos with no capital required for exploration and Monthly Crude Oil Prices per Barrel in AUD development of 2C Contingent Resources of 140 9.9m barrels and 40 BCF 120 • Relieved of over $13 million of environmental 100 bond and work commitment
Slide 4: Introduction
Introduction Red Sky Energy Limited (ASX: ROG) is an ASX listed hydrocarbon explorer and developer. The Company is focused on near term revenues by developing significant in place resources at the Innamincka Dome Project. The broader project consists of four underlying oil and gas projects that incl
Slide 5: Corporate Overview
Corporate Overview Key Executives Corporate Information ASX Ticker ROG ANDREW KNOX, B Com, CA, CPA, FAICD Share Price at 6 September 2019 A$0.02 Chief Executive Officer/Managing Director 36 years experience, oil & gas Shares on Issue 1,253,183,277 Joined ROG in 2018 Fully Diluted Shares 1,783,992,75
Slide 6: Flax Project History
Flax Project History The Flax Oil Field first produced in 2004 Monthly Crude Oil Prices per Barrel in AUD developed under Innamincka Petroleum 140 which was renamed Acer Energy in 2011. 120 Soon after Acer merged with Drillsearch Energy. 100 Australian Dollars 80 Drillsearch shut-in the field in ear
Slide 7: Flax Project History
Flax Project History Photo of existing Flax Field production facility Aerial view of existing Flax Field production facility 7
Slide 8: The Last Year
The Last Year • In mid-2018 the Company had an exciting set of permits with both near and long term potential • Financing the SA Government financial security bond attached to the Company’s Petroleum Retention Licences (PRLs) caused significant difficulties. • Various options were explored with resp
Slide 9: Santos Farm Out
Santos Farm Out • Red Sky Energy entered into a Farm-out Agreement with Santos Ltd (ASX: STO) for our Cooper Basin licences PRL’s 14, 17, 18, 180, 181 and 182 that injects A$9 million of capital into Red Sky’s Innamincka Dome projects • The Farm Out Agreement provides for Santos to earn an 80% inter
Slide 10: Why Accept the Farm Out Option?
Why Accept the Farm Out Option? • The Company explored various options over the past year with respect to financing the bond and capex attaching to the Innamincka Projects. The joint venture partnership with Santos was chosen for the following key benefits to Red Sky shareholders: • Relieves Red Sky
Slide 11: Project Execution – Flax Oil and Gas Project
Project Execution – Flax Oil and Gas Project Overview Contingent Gross Resources ▪ Production infrastructure in place ▪ Six production wells drilled 2C 9.9 mmbbl OIL ▪ Historically, the field has produced over 200 barrels of oil per day, and approximately 180,000bbl of 54 2C 3.5 mmboe GAS API oil un
Slide 12: Project Execution – Yarrow Gas Project
Project Execution – Yarrow Gas Project Contingent Gross Resources Overview ▪ Undeveloped ▪ Three wells drilled on structure 2C 3.0 mmboe GAS Next Steps ▪ Acquire 50sqkm 3D seismic ▪ Drill one vertical appraisal well Map highlighting Yarrow Project in Cooper Basin 12
Slide 13: Project Execution – Juniper Oil and Gas Project
Project Execution – Juniper Oil and Gas Project Overview Contingent Gross Resources ▪ Undeveloped ▪ Three wells drilled on structure 2C 0.9 mmbbl OIL ▪ 3D seismic coverage 2C 0.4 mmboe GAS Next Steps ▪ Complete desktop exploration program to identify best development strategy ▪ Drilling program to f
Slide 14: Project Execution – 180/181/182
Project Execution – 180/181/182 Overview Contingent Gross Resources ▪ Few wells drilled ▪ Sparse 2D seismic coverage 2C Nil Next Steps ▪ Complete desktop study to identify exploration strategy. ▪ Seismic and drilling program to follow Map highlighting 180/181/182 Projects in Cooper Basin 14
Slide 15: ROG Project Development Preferences
ROG Project Development Preferences 4 2022 + 3 • EOR in Flax • Development and 2021 exploration on high JUNIPER value prospects • High potential 2C 3C development OIL 0.9 1.4 mmbbl 2 opportunities GAS 0.4 1.7 mmboe 2020/21 FLAX - Test wells to establish 1 short term production 2C 9.9 mmbbl OIL 2019/
Slide 16: Why Invest In Red Sky Energy?
Why Invest In Red Sky Energy? Carried Capex and Long Term Near Term Revenues Potential Innamincka project to Significant Oil and Gas deliver oil and gas exploration potential across production De-Risked all four Innamincka projects Market Operations Actively seeking new Optimistic Oil and Gas Carrie
Slide 17: Summary
Summary • Four oil and gas projects in Australia’s Cooper Basin • Farm out completed with 20% carried interest in Yarrow 50 sq km 3D seismic, one Yarrow well and one Flax well • Carried capital requirements to develop Yarrow and Flax Projects with a 2C Contingent Resources of 40BCF and 9.9m barrels
Slide 18: Thank You
Andrew Knox Managing Director Red Sky Energy Limited Level 17, 500 Collins St Melbourne Thank You VIC 3000 Australia + 61 3 96140600 + 61 407356557 andrew.knox@redskyenergy.com.au redskyenergy.com.au 18
Slide 19: Appendix – Gross Contingent Resource detail
Appendix – Gross Contingent Resource detail 19
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