Inspection of surface pump Killanoola -1 DW-1 indicated surface pump in excellent condition
• A new petrophysical analysis identified an additional thirty seven (37) metres of potential Net
Pay in the Killanoola – 1DW-1 well - in addition to the existing 5 metres of proven pay
• Preparations continue for all new oil-bearing zones to be tested in both Killanoola-1DW-1 and
Killanoola SE-1
• Future geological and geophysical studies will integrate these findings into new reservoir and
structure models
• Expectations remain high for significant reserve growth in PRL13
• 6.4 Million barrels of oil equivalent potential contingent resources net to Red Sky Energy
• Application to test wells at Killanoola remains pending
• The company has cash reserves as at 30 June 2021 of $3.04m
Ann: Quarterly Activities and Cashflow Report, page-3
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