- Red Sky Energy (ROG) receives government approval to begin slickline operations at the Killanoola Oil Project in the Penola Trough in South Australia
- The company says the grant means operations at Killanoola SE-1 can now begin to facilitate the start of wireline perforation work, marking the first time the Killanoola SE-1 well will be re-entered in over ten years
- The company says if the well bore is clear, Red Sky will proceed directly to perforate and test the new pay zones
- Red Sky Energy last traded at 0.8 cents on September 10
Red Sky Energy (ROG) has received government approval to begin slickline operations at the Killanoola Oil Project in the Penola Trough in South Australia.
The Australian oil and gas explorer received the tick of approval from The Government of South Australian Department for Energy and Mining.
Red Sky Managing Director Andrew Knox says the company is pleased that operations at Killanoola SE-1 can now begin to facilitate the start of wireline perforation works.
“Our preferred pathway is to go straight from the slickline results to perforation and testing of the well,” said Andrew Knox.
“If a rig is required, we will re-arrange activities at Killanoola-1 DW-1 so we can efficiently test both wells.”
This will mark the first time the Killanoola SE-1 well will be re-entered in over ten years.
The new approval follows a previous grant from the SA Government to begin operations across the project, allowing slickline work to begin to ensure the well is clear.
A slickline operation, which involves a metal rope being used to lower tools down a well bore, will inform the company is a well has any obstructions. This is thought to be a cost-efficient exercise for planning wireline and rig activities.
The company says if the well bore is clear, Red Sky will proceed directly to perforate and test the new pay zones. If not, a rig will be brought in, followed by perforation and testing.
Red Sky Energy last traded at 0.8 cents on September 10.