Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Shareholder Meeting (May 2022)
17 slides from Red Sky Energy's shareholder meeting presentation, May 2022
Slide 1: Investor Update AGM Presentation
Investor Update AGM Presentation MAY 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 Board of Directors and Executives Shareholder Breakdown Top 20 Shareholders (%) ADRIEN WING BILL LODWICK SERGE TOULEKIMA As of 23 May 2022 ROBERT ANNELLS ANDREW KNOX Non-Executive Exploration & Reservoir Eng
Slide 4: Projects Overview
Projects Overview Expect significant progress in key areas in the near-term INNAMINCKA Free carry by Santos 20% working interest Substantial Oil & GOLD NUGGET Plan to divest ongoing Gas exploration 100% working interest in the Gold-Nugget - potential across all 1/23 gas field and projects pipeline i
Slide 5: Killanoola Oil Project: 1228% Increase Best Estimate PIIP
Killanoola Oil Project: 1228% Increase Best Estimate PIIP • An Independent Competent Person’s Report on the Discovered Petroleum Initially In Place (PIIP) in the Killanoola Oil Project has been carried out by Global Resources & Infrastructure Pty Ltd • The newly estimated Discovered PIIP values take
Slide 6: Killanoola Oil Project: 896% Increase 2C
Killanoola Oil Project: 896% Increase 2C • 2C Contingent Resources have increased by 896% • The company is now targeting up to 27.9 mmbbls oil recoverable, making Killanoola a material oil project for the company’s future cashflow. Killanoola Oil/Condensate Contingency Resources (mmbbls) 1C 2C 3C 9
Slide 7: Killanoola Crude: Distillation Results
Killanoola Crude: Distillation Results • In December 2021, a successful oil sampling operation was carried out at Killanoola-1 DW-1 • The collected samples were sent to the Intertek laboratory for assay studies • Results indicate that the Killanoola crude is ideal for producing gasoil. The maximum p
Slide 8: Killanoola: Pictures of the Dec 2021 Oil Flow Operation
Killanoola: Pictures of the Dec 2021 Oil Flow Operation 8
Slide 9: But the Waxy Crude makes it challenging to market
But the Waxy Crude makes it challenging to market Visual of the crude Visual of the crude when it is in liquid when it starts to turn form, at a temperature solid, at a temperature above the maximum below the maximum pour point pour point 9
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: Steps to Realising Cashflow
Steps to Realising Cashflow SALES CONTRACTS, PLANNING, PERFORATE NEW ZONES & PRODUCE OIL TO TANK & OIL DELIVERED & PAYMENT APPROVALS & MOBILIZE RIG FLOW WELLS TRUCK IT RECEIVED • The Team is working on • Following CBL runs, TCP • The produced oil will be • Once the end buyer has planning of DW-1 gun
Slide 12: 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 13: 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 14: Strategic Acquisitions
Strategic Acquisitions Red Sky continues to review and explore opportunities Oil prices remain robust • Red Sky is assessing 2,000,000 $140.00 opportunities as part of its 1,800,000 $120.00 strategy of acquiring producing Volume Price or near production assets 1,600,000 $100.00 1,400,000 $80.00 1,20
Slide 15: 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 3D seismic. Develop Killanoola focused on near acquisitions made in Killanoola project for Proces
Slide 16: Project Development Schedule
Project Development Schedule All Projects have existing contingent resources with potential upside 4 2023 + 3 • Killanoola, Yarrow, Flax ongoing 2022/23 • Development and FLAX exploration on high value prospects • Horizontal well. High 2C 3C potential OIL 1.98 3.48 mmbbl 2 development GAS 0.7 1.18 m
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 – 26 May 2022