Seems a few peeps have jumped ship today, and that's good news for those of us who wish to accumulate more at discounted prices
Any particular reason for jumping ship? No Ann!! All the fundamentals remain the same... I suppose it must be fun to jump off a cliff immedately after watching your friend do it... Ohh wait, you didn't wait to see what happened first to your mate when he hit the bottom before jumping? hehehe
Panic "jumpers" (sellers) are a dream come true for well-researched investors looking to buy more of the company at even cheaper prices ...
Ok, so being a "habitual summarist", and just thinking out loud here, why have I invested in ROG and why will I continue to accumulate when the opportunity presents itself?
And before you read my own personal answers, consider making your own list first to compare... And if you are unable to create a list of reasons why you invested in ROG and have the conviction to hold, I would suggest you find alternative ways to invest your money...
Ok, so do you have your own list now?
*
Red Sky Energy is looking to acquire assets which are either producing or can be brought into production quickly. * T
he Flax, Juniper and Yarrow fields have been acquired and farmed out to Santos Ltd. Several other acquisition opportunities are under investigation.
* Successful development will enable Red Sky Energy to very quickly develop into a mid-cap company with healthy in ground reserves as well as profitable Oil & Gas production output.
* Red Sky Energy has assembled a team with a demonstrated track record of excellent operational execution in the development and operation of Oil & Gas fields.
* ROG is continually looking locally and in SE Asia for acquisition and buy-in opportunities.
Collectively known as "The Innamincka Dome Projects", ROG has:
Rog also has The Killanoola Project:
With the transfer now complete, ROG will now work towards developing the Killanoola oil field. The field has two shut-in wells. The first well, Killanoola-1-DW1, was drilled in 1998 and subsequently put on an extended production test. Reports show that the initial flow rates were as high as 300 barrels per day but quickly declined and is attributed to the waxy nature of the crude oil.
ROG is currently investigating different methods of enhancement recovery techniques to achieve and maintain long term production at the highest rate.
LONG TERM PRODUCTION AT THE HIGHEST RATE!!
It is intended to store the crude onsite before trucking it to the refinery. This will provide Red Sky with a quick and positive cash flow.
As per Ann 06 May, 2021:
So at Killanoola-1DW-1: A petrophysical report commissioned by Red Sky on the well has identified potentially 37 metres of additional oil bearing pay zones within the 149 metre thick Sawpit Sandstone.
THIS IS EXCEPTIONALLY GOOD NEWS 
Killanoola SE-1: Exceptional result of 16m of Net Pay for the well which was in stark contrast to the previous net pay estimates of 1.5m (see ASX Announcement 22 March 2021).
DW-1
- 5m proven
- 37m potential
SW-1
- 16m potential
And what is AK doing about this?
Red Sky is preparing to perforate and test these newly identified pay potential zones in the wells. Planning is underway in line with our forward programme. This testing, if successful, will allow Red Sky to book reserves associated with Killanoola-1DW-1 and Killanoola SE -1 
The Company is looking to record a 3D seismic survey, test Killanoola SE-1 and complete a field development plan (FDP). A third prospect, Killanoola
south, is yet undrilled. The FDP will guide development of the entire area.
* Recommencing production ASAP
* 100% Contolled Asset with Histprical Exploration
* Purchased for liquidation value
* Potential to deliver Very Quickly!
* Using Existing Infrastructure
* And by using enhanced oil recovery (EOR) techniques including solar which is already being used to improve the recovery of similar waxy crudes in the US.
So why aren't we drilling yet? Well, we have to wait for the permit approvals (usually 35 days after submission - I suspect approval around June 10), But whilst awaiting this approval, Andrew and the team are conducting 3D seismic activity, possibly preparing the drill rig onsite for perforation, sample testing etc.... These guys are keeping busy even while they are waiting
Once permits approved, our 17 km2 of land is our oyster
As Mav01 said, "In the coming months we will see this project go into production and revenue will start to roll in, that’s when the sp will get some real traction. I know this as I regularly speak with AK and he’s absolutely determined to succeed!!"
"Hold on for more great news in the coming weeks!!"
"Later this year In Q4 Santos are expected to kick off works with Innamincka and i suspect they are in the planning stages right now to have them proceed with BOG (Boots on ground) in Q4".
Nice job Andrew
So a summary of our potential Current Resouces?
HUGE UPSIDE to come for the Patient
Successful development will enable Red Sky Energy to very quickly develop into a mid-cap company with healthy in ground reserves as well as profitable Oil & Gas production output!!
Did you just say ROG's SP is still under 1 cent?
I am buying up ALL I POSSIBLY CAN while I still can at the ridiculous prices
(20min delay)