Killanoola Field Trip, page-6

Here is how we have calculated our estimated future book value for ROG (*overheads not included)

(Annual revenue from Yarrow Gas / number of shares outstanding + Annual revenue from Killanoola/number of Outstanding Shares)

Yarrow Gas

(4mmcfpd or 4000mcfpd) * $3.10 * 352 days / number of share outstanding (5 billion) = $0.0087

Price of Natural Gas - United States | IBISWorld
Innamincka – Red Sky Energy Limited

+

Killanoola

135 million barrels of oil inferred * $80/barrel / number of share outstanding (5 billion)= $2.295


=
$2.29/Share (book)

As I am sure that you are well aware most ASX listed mining and oil stocks typically trade at a multiple of 4 to 5 times book value. But we have calculated book value as a function of total asset value. That is why flow rate is so important. The quicker we can get asset to market the better.

To answer your question in regard to anticipated flow rate... e.g. daily production. The geologist who was responsible for preparing the report listed below roughly 300 barrels per day (*see page 4 of link below) but this is based on flow from 1998. Technolgy has improved and am fairly confident that there will be multiple wells employed.





ROG23KillanoolaCPR19Apr23.pdf (redskyenergy.com.au)(see pg. 35)