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Red Sky Energy Limited (ASX:ROG)

ALERT: Price-sensitive ASX Announcement for ROG
Current share price for ROG : $0.002 -0.004 (-70%)+
Announcement
Release
3 Nov 2025 12:34PM
Price at Release
$0.005
Full Release
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Summary
Red Sky Energy Limited has announced the completion of drilling at the Killanoola-2 well located in South Australia's onshore Otway Basin. The well has reached a total depth of 1,044 meters without incident and has been cased and suspended for potential future production. Wireline logs have identified hydrocarbon-bearing zones in the Upper Sawpit Sandstone, although with low permeability and high water saturation. The company decided against conducting contingent Drill Stem Tests due to these factors and plans to explore stimulation options. Red Sky is optimistic about future production potential through targeted stimulation and regulatory-compliant artificial lift. The well's characteristics are similar to previous wells in the area, and the company plans to use a workover rig to further assess performance alongside the nearby DW1 well.
Key Points
  • Drilling at Killanoola-2 well completed and suspended for future use.
  • Total depth of 1,044m achieved without incident.
  • Hydrocarbon-bearing zones identified in Upper Sawpit Sandstone.
  • Low permeability and high water saturation observed.
  • Contingent Drill Stem Tests not conducted.
  • Potential stimulation options under review.
  • Workover rig planned to test KN2 and DW1 performance.
  • Comparison to prior wells shows similar characteristics.
  • Company aims to unlock value through artificial lift and stimulation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.