ROG red sky energy limited.
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Yeah I heard that Santos will head and undertake the drilling...

  1. Mav01
    5,079 Posts.
    lightbulb Created with Sketch. 2044
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    21/05/25
    17:17
    Post #: 79136631

    Yeah I heard that Santos will head and undertake the drilling campaign and manage the site when production starts all for free!… not!

    Whether it’s a JV or Santos charges a large fee per barrel for their work it’s the same thing!

    ROG will be lucky if they add $500k to their bottom line per quarter! POO is at AU$62 per barrel and those three wells will be lucky to produce 500 barrels per day in totall! They will need at least 10 wells in production to make it worthwhile!

    We will know exactly how badly we’re getting shafted when the commercial contracts have been finalised but I’m not expecting much in favour of ROG as Santos are no pushovers!

    This was supposed to be a 100% sole project for ROG and AK took the easy way out!
    ROG Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last trade - 12.46pm 18/06/2025 (20 minute delay) ?
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