29TH MARCH ANN:KillanoolaRed Sky finalised an agreement with...

29TH MARCH ANN:
Killanoola
Red Sky finalised an agreement with Viva Energy Australia Pty Ltd (ASX:VEA) to purchase all
crude from the Killanoola oil field project, ensuring a steady revenue stream
Initial flow rates from the DW1 well showed promise despite subsequent mechanical issues
To replace the faulty pump at DW1, two alternatives are being evaluated: (1) a cost-effective
usage of a crane with specialist’s pipe handling tools, resulting in significant cost savings; (2)
a conventional workover rig, depending on availability within South Australia
Plans for new Killanoola KN2 well involve relocating the well pad to a new position,
necessitating site reconfiguration
Plans for new SE2 well involve a new well site
Ongoing discussions continue regarding condensate blending to alleviate pour point issues
Activity Notifications (ANs) to be submitted for DEM approval, including DW1 workover, KN2
and SE2 well site preparations, and drilling of KN2 and SE2 wells
Cost constraints of the drilling programme are being addressed

Now three weeks since announcing there is two options? well they have 5 months before that to work out they needed options for new pump.
anyways you told us three weeks about the options why the F..K has that decision not been made yet. My insight is they must feel its a waste of money. Sorry if you got stuff the sell there and its going to be making money for the company then the urgency would be there. Acquisitions my arse they are just a false sense to take everyone's mind off the work they are not doing.

So Sad really as on paper we have so much going for us. But the captain's leading the ship are struggling to work out what direction it should be going.