Well it's interesting the last two Transfers are both from Beach.
1. Innamincka Licence Transfer from Beach
2. Killanoola SA Oil Field Purchase from Beach
I understand their strategic plan is acquisition and buy-in opportunities with assets that are either producing or can be brought into production quickly. We are only a small company and we need to get feet on the ground, so these moves fit in well with Red Sky's model..
The question is what value does Red Sky see that Beach Energy doesn't in these deals?
There is obviously a good relationship between Red Sky & Beach. Just hope Beach are looking after their little cousin.
Ann: Purchase of Killanoola Oilfield from Beach & Capital Raise, page-12
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