Red Sky Energy Limited · ASX:ROG
Red Sky Energy — Good Oil Conference 2021
14 slides from Red Sky Energy's conference presentation, Sep 8, 2021
Slide 1: Presentation to Good Oil Conference
Presentation to Good Oil Conference 8 SEPTEMBER 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: Corporate Snapshot
Corporate Snapshot Board of Directors and Executives Shareholder Breakdown Ordinary Fully Paid Shares Top 20 Holders Others Robert Annells Andrew Knox Adrien Wing Bill Lodwick Serge Toulekima 22.51% NON EXECUTIVE EXECUTIVE NON-EXECUTIVE EXPLORATION RESERVOIR CHAIRMAN DIRECTOR DIRECTOR & & ENGINEERIN
Slide 4: Projects Overview
Projects Overview Red Sky Energy Limited has assembled an experienced team with a proven track record of excellence in developing and operating oil & gas fields. 4
Slide 5: Projects Overview
Projects Overview Killanoola Innamincka Gold Nugget • Production tests on two wells • Free carry by Santos • Planning commenced to divest of planned asset • Gas well to be drilled Q4 2021 • Targeting 2.8mmbbls recoverable • 100% working interest in the Gold- • Horizontal oil well and 3D to follow Nu
Slide 6: 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 7: Killanoola Oil Project
Killanoola Oil Project • Red Sky acquired Killanoola Oil field (PRL-13) from Beach Energy • Funds raised to support work program • STOIIP ranges up to 7 million barrels • Recoverable oil currently ranges up to 40% or 2.8 million barrels • Significant upside with new pay zones identified • Killanoola
Slide 8: PRL 13 Potential
PRL 13 Potential Killanoola-1 Block • Killanoola-1 DW1: work ongoing to bring back well on production • Red Sky is reviewing various options to mitigate wax issue • New pay zones identified by petrophysical interpretation • Improved flow rates are expected from the well once the new pay zones are pe
Slide 9: 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 • Carry during development phase
Slide 10: 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 11: Project Development Schedule
Project Development Schedule 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 mmboe opportunities 2021/22 YARROW 1 • Well in Q4 • 3D Seismic 2C 3C •
Slide 12: Why Invest ?
Why Invest ? Low Capex and Near- Long Term Term Revenues Potential Low capital starter Significant Oil and Gas project to deliver near exploration potential term revenues from De-Risked Market across all projects existing well that has previously produced Operations Oil and Gas pricing Previously pr
Slide 13: In Summary
In Summary • Three oil and gas projects in Australia’s Penola Trough and Cooper Basin • Targeting near term cash flow with modest capital required to reopen the production well at Killanoola Project with a 2C Contingent Resource of 2.8m barrels of oil • Yarrow gas drilling free carried commences in
Slide 14: 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 – 8 September 2021