Red Sky Energy Ltd

ASX:ROG

Red Sky Energy Ltd. engages in the exploration and development of properties for the development of oil and gas. The company is headquartered in Melbourne, Victoria. The company went IPO on 2007-05-23. The firm's principal activities are exploration for economic deposits of oil and gas. The firm operates through the exploration and development of properties for the development of oil and gas segment. Its exploration assets are located in the United States. The company focuses on acquiring, drilling and developing onshore North American oil and gas resources. The firm's gas projects include Gold Nugget Field. The Gold Nugget Field includes multiple discrete sandstone reservoirs and is located in the Wind River Basin, Wyoming. The Gold Nugget covers the area of over 320 acres. Gold Nugget produces over 150 million cubic feet (MCF) of gas and five barrels of oil per day. Its projects also include Killanoola Project, which holds petroleum retention license 13 (PRL13) that is located near the township of Penola in southeast South Australia.