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- Australian oil and gas company Red Sky Energy (ROG) gives update on its Yarrow well, located within the Innamincka Project along the South Australia and Queensland border
- The company holds a 20 per cent working interest in the six projects within Innamincka, with Santos (STO) holding the remaining 80 per cent
- Drilling at Yarrow will commence just before the New Year and is expected to take two weeks
- The well is fully funded by Santos
- Red Sky Energy remains steady at 0.8 cents per share as of 1:47 pm AEDT
Red Sky Energy (ROG) has given an update on its Yarrow well, located at the Innamincka Dome Projects.
The oil and gas company owns a 20 per cent working interest in the six projects within Innamincka, with Santos (STO) holding the remaining 80 per cent.
Santos has advised that it is expecting to commence drilling at the Yarrow well in the last week of 2021, as civil works are nearly completed.
The well will be drilled to a total depth of about 2700 metres and is expected to take two weeks.
Yarrow is targeting the Tirrawarra sandstone and the Patchawarra formation to test the extent of the gas accumulation.
The well is fully funded by Santos.
“Red Sky is pleased that the Yarrow 3 gas well will commence drilling later this month to test the extent of the gas accumulation, and we look forward to providing the results in the new year,” Managing Director Andrew Knox said.
Red Sky Energy remains steady at 0.8 cents per share as of 1:47 pm AEDT.
