Red Sky Energy (ROG)

Shares / Stock Code

ROG

Stock Exchange / Sharemarket

Australian Securities Exchange

Red Sky Energy Limited (ROG) is an exploration company that is focussed on coal seam gas (CSG). Over the period from July to October 2009 Red Sky acquired significant exploration acreage holdings across a number of basins. This included the acquisition of Cydonia Resources, Norwest Hydrocarbons and Surat Resources, with substantial acreage positions in Queensland and New South Wales, as well as a farm-in to Central Petroleum's extensive acreage holdings in the Northern Territory. ROG listed on the Australian stock market (ASX) on 23 May, 2007.

Red Sky also has new management in place. Rohan Gillespie, who has previous experience as Vice President and Chief Operating Officer in charge of BHP Billiton's coal seam gas business, joined Red Sky as Executive Director in January 2010. Prior to joining Red Sky Murray Durham was Director of Oil and Gas Marketing at Apache Energy and before joining Apache was Global Business Manager for BHP Billiton's coal seam gas business. Gerrit de Nys, who joined Red Sky as Chairman in October 2009, brings to the Company a wealth of corporate experience, extensive business building skills and industry contacts.

Red Sky aims to become a significant player in coal seam gas in Australia by identifying gas resources through the expansion and exploration of its acreage portfolio and through application of innovative technology that enhances the value of its coal seam gas resources.

The Company and its subsidiaries are engaged in the business of exploration for economic deposits of oil and gas. The Company’s projects include Taroom Trough Project, Sandy Camp Project, Lightning Ridge Project, Tibooburra Project, Darling Basin Project and Pedirka Basin Project. The Taroom Trough project encompasses the permits ATP 840 and 904 in southern Queensland. The Sandy Camp project encompasses the permits PEL 467, PELA 124 and 125 in northern New South Wales. In September 2009, the Company completed the acquisition of Cydonia Resources Pty Ltd. In October 2009, the Company announced that it had acquired Norwest Hydrocarbons Pty Ltd (NHL) and Surat Resources Pty Ltd (SRL).

Red Sky Energy (ROG) Products and Services

  • Company established to acquire, explore, assess and exploit oil and gas deposits.

Red Sky Energy (ROG) Locations and Subsidiaries

Red Sky Energy Head Office
Suite 2, 16 Ord Street, WEST PERTH,
WA, AUSTRALIA, 6005
Phone: 08 9486 1122
Fax: 08 9486 1011

Red Sky Energy (ROG) Share Price

Submitted by ASX Listed Company on 26 May, 2010 - 21:49

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