revisit the value here

Ex BHP person very capable Rohan Gillespie

They did a capital raising of $4.5m before costs. it was successfully completed.

Cydonia Resources, a wholly owned subsidiary of Red Sky which has the right to earn 100% in two prospective permits in the Surat Basin in Queensland, contracted a drilling rig and secured landowner consent for the first well.

Shareholder approval of the acquisition of Norwest Hydrocarbons and Surat Resources was secured on 30th November.

Two more very capable men Gerrit de Nys appointed as Non-executive Chairman and Murray Durham appointed as Executive Director (post 31 December).

In summary, Red Sky Energy now has all the components in place (substantial exploration portfolio, adequate cash and an excellent team) to implement its corporate strategy.


All that has happened is we had one well not good enough for commercialization. You don't pick up your bat & ball if hit for four first over, not when you have a good team and plenty of runs in the bank ie surat NT and NSW.

No let the sellers out now it presents great buying. I am back in for more for the long term