ROG
1. Good momentum
2. Huge volumes
3. One of the most talked about stocks
4. New substantial holders including Scintilla Strategic Investmentspaint a positive picture
5. Bullish charts and sentiment
FUNDAMENTALS ARE SOLID...KNOWN OIL & GAS DISCOVERY THE ONLY QUESTIONIS HOW MUCH OF THAT CAN WE EXTRACT
KILLANOOLA OIL FIELD1. Acquired 100% of the Killanoola oil field
2. Potential 2C resource of 2.8m barrels of oil
3. Further shortfall & new placements made post year end to raise$4.3M
4. Rights Issue made to fund work program at Killanoola
5. No debt
6.. The purchase under the SPA is inclusive of all existing productioninfrastructure
Killanoola-DW1
1.Killanoola-1 well DISCOVERED in 1998 at a depth of 850 metres.
2.The oil is 34° API with a high viscosity.
3.Previous flow tests of the well have recorded rates of up to 300 bopd.
4. This well is currently undergoing petrophysical re-evaluation with results due this week !
5. This well also sits on the same structural feature as the recently testedpetrophysical analysis of KSE-1 so watch the SP POP
Killanoola Southeast 1
1. Killanoola Southeast 1 drilled 2011 also discovered oil.
2. Recentl petrophysical analysis reported shown potential oil pay to be net 16m. An exceptional result of 16m ofNet Pay is in stark contrast to the original net pay estimates of 1.5m
3. The Company intends to perforate (Oil-bearing zones to beperforated for UPCOMINGextended production test) and test the well with planning underway in line with the license work programme.
4.This test, if successful will allow Red Sky to book reserves associated with Killanoola SE-1
+ A third prospect, Killanoola south, is yet undrilled
ROG PLANS TO TEST BOTH WELLS THIS YEAR KSE-1 FOLLOWED BY K-DW1
INNAMINCKA DOME PROJECTS
1. FO with Santos
2. 20% free carried work programme in Yarrow and Flax fields
3. Drilling programme to commence later in 2021.
Flax oil and gas field
1. The Flax oil and gas field has produced about 180,000bbl of oil from six wells
2. Santos will fund 100% of a horizontal appraisal well in the Flax oil and gas field, up to a maximum gross cost of A$5 million
3. The operator is currently reviewing the volumetrics at the Flaxoil and gas field.
4. A joint venture meeting is expected during the current quarter to discuss the drilling of a Flax horizontal well.
Yarrow Gas Project
1. The Yarrow -1 discovery well and two appraisal wells have encountered gas.
2. A fourth well is scheduled to be drilled in Q4 2021targetinga highly prospective and untested part of the gas field.
3. Santos will fund100% of this appraisal well up to a maximum gross cost of A$3.0 million
Finally a word from one of our newest substantial holders.
Scintilla Funds Management
"Our focus is purely on positioning our investors in high growthsectors that have reached an inflection point and strong commercialoutcomes." “We invest in companies of the future, not the past.”
ROG has indeed entered a new and exciting phase
GLTAH it’s going to be an interesting ride this week & in the weeks tocome with so much happening.
