- Red Sky Energy (ROG) commences a seismic survey at Killanoola oil field in South Australia
- The company has been in discussions with landowners about the seismic acquisition for some time and has now completed these discussions
- Additionally, Santos (STO) has delayed drilling at the Innamincka Dome Projects due to bad weather
- The current drilling forecast has been pushed out and does not indicate the rig moving to Yarrow as re-scheduled.
- On the market this morning, Red Sky is down 13.3 per cent and trading at 0.7 cents per share
Red Sky Energy (ROG) has commenced a seismic survey at the Killanoola oil field in South Australia.
The company has been in discussions with landowners about the seismic acquisition for some time and has now completed these discussions.
As previously announced, an additional associated activity license has been
granted surrounding the PRL13 licence, AAL295, to allow the seismic acquisition to exceed the licence limits by around five square kilometres to better facilitate and improve the imaging.
“Red Sky is pleased to commence the 3D seismic acquisition programme which is expected to take up to one month to complete,” Managing Director Andrew Knox said.
“The seismic survey will greatly assist in the comprehensive Killanoola field development.”
Additionally, Santos (STO) has delayed drilling at the Innamincka Dome Projects due to bad weather.
The current drilling forecast has been pushed out and does not indicate the rig moving to Yarrow as re-scheduled. The rig and its crew had been put on standby and were ready to be deployed to Yarrow subject to improved weather conditions.
On the market this morning, Red Sky was down 13.3 per cent and is trading at 0.7 cents per share at 10:17 am AEDT.