Red Sky Energy (ASX:ROG)
Red Sky holds a 20% interest in the Santos-operated Innamincka Dome project in South Australia and started receiving revenue in August 2023 from the sale of natural gas (76%) and liquids after the Yarrow field was tied into the grid.
The company received $2.86m in cash receipts from then till the end of September 2024.
About 76% of this comes from natural gas sales while the remainder is derived from ethane, LPG and condensate.
The company recently completed the re-entry of the Yarrow-1 well and noted in mid-November that it is mobilising a workover rig to fracture stimulate it. The well is expected to boost output and revenue once it becomes fully operational in Q2 2025.
https://stock head.com.au/energy/2024s-top-gas-performers-have-their-eyes-on-the-future
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0.4¢ |
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Mkt cap ! $21.68M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $9.26K | 2.251M |
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