The latest update is out from Red Sky Energy Limited ( (AU:ROG) ).
Red Sky Energy has announced the completion of maiden resource estimates for Block 6/24, offshore Angola, where it holds a 35% working interest. The estimates include a Net Contingent Resource of 5.1 million barrels and a Net Prospective Resource of 11.0 million barrels for various prospects. The company aims for rapid appraisal and development, with potential for early production and cash flow. The evaluation, conducted by PetroAus, has refined resource estimates and identified additional exploration potential, setting a strong foundation for future development.
More about Red Sky Energy Limited
Red Sky Energy Limited is an energy company involved in the exploration and development of oil resources. The company holds a 35% working interest in Block 6/24, offshore Angola, focusing on oil fields such as the Cegonha Cluster Area.
YTD Price Performance: -9.09%
Technical Sentiment Signal: Buy
Current Market Cap: A$32.53M
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