Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Red Sky Energy Limited ( (AU:ROG) ) has issued an announcement.
Red Sky Energy Limited has commenced drilling at the Killanoola-2 well in South Australia’s onshore Otway Basin, marking a significant advancement from planning to execution. The drilling operation, which began on October 24, 2025, involves the use of Condor Rig 01 and has successfully completed the initial stages, including the installation and cementing of the surface casing. The current focus is on preparing the BOP equipment to continue drilling to a depth of approximately 1050 meters. This development is a crucial step for Red Sky, as it progresses towards achieving key project milestones, potentially impacting its operational capabilities and stakeholder interests.
More about Red Sky Energy Limited
Red Sky Energy Limited operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is primarily engaged in projects within the onshore Otway Basin in South Australia, aiming to enhance its market position in the energy industry.
Technical Sentiment Signal: Sell
Current Market Cap: A$32.53M
For detailed information about ROG stock, go to TipRanks’ Stock Analysis page.