Ann: Successful Inspection of Pump at Killanoola, page-56

Not only do we have oil in the ground @K but a heck of a lot more than anticipated + with KS siting in between KSE1 16m KDW1 42m it is highly likely once drilled it to will contain oil.

With some Infrastructure already in place....

Next steps in the short term servicing the control box, bring in 3 phase power and test the electric motor. Critically there are power lines nearby for extended tests, while at the same time establishing topside facilities. Once all surface components have been checked and declared fit for purpose Red Sky is planning a short test run.

We could be seeing initial production tests happen sooner rather than latter according to the Ann... Followed by extended production tests including enhanced oil recovery solutions.

But best line from the recent Ann though....Once this test period is completed Red Sky will re-enter the well to perforate the newly identified 37 meters of potential pay. If successful, this should increase production rates significantly.

SO

We have oil in the ground
Much more than first anticipated
Some Infrastructure already in play
A FO agreement with Santos
Including wells that have already encountered gas
And have produced oil
With Santos 100% funding
ROG funded after recent raises
Gold Nugget Gas Field asset to be sold will further cement our financial position.

I think Andrew & the team are doing great and it wont be long before more people realize 1. ROGs assets at hand and 2. near commercial opportunities.

At some stage soon IMO this consolidation period of 0.009 - 0.010 will come to an abrupt end & once it does we will fly north again.