ROG - Red Sky Energy

[YELNATS]

Not much commentary on ROG in the past 12 months.

I hold and noticed the sp has picked up 25% today to the mid 3c's with huge increase in volume.

Looks like anticipation of some major news about to break.

 

[Letts]

Not much commentary on ROG in the past 12 months.

I hold and noticed the sp has picked up 25% today to the mid 3c's with huge increase in volume.

Looks like anticipation of some major news about to break.

I hold as well - huge increase in volume? I've only seen 400,000 traded...in 5 trades

 

[barney]

Todays announcement from the Company ….

66% rise today but the Chart is not inspiring enough just yet

RED SKY TO ACQUIRE INNAMINCKA DOME PROJECT FROM BEACH ENERGY

Highlights

• Red Sky enters a conditional sale and purchase agreement to acquire Beach Energy’s interests in the Innamincka Dome oil & gas project (“Innamincka Dome Project”), comprising a 100% interest in five PRLs and a 75% interest in another PRL.

• The acquisition (which is subject to regulatory and joint venture approvals) offers:
o near term analysis of production options from well-maintained shut in wells and infrastructure o strong growth outlook from non-producing proven fields and highly prospective tenement

• Capital raising proposed to be conducted under mandate with Taylor Collison to raise up to $2.2 million and re-development planning to commence immediately

 

[F350]

Bigdog - You got my attention and 1st Sept presentation to Good Oil Conference looks like it has sparked interest. ROG recently climbed to .04 then drifted back to .034 and may be heading back to .04 soon?

MD Gillespie has good credentials, does anyone know of his performance at BHP Billiton? His preso discusses upcoming capital raising and valuation comparatives with "entire CSG sector has been re-rated (>doubling of value), pre discovery market cap of $50m in 2009" which would effectively double value of ROG after the issue of the extra shares. Mind you, not that long ago that the stock was only worth .01

I'm in at 3.6 cents and we'll see how this puppy runs for a while.

You still hold ?

 

[F350]

Todays announcement from the Company ….

66% rise today but the Chart is not inspiring enough just yet

RED SKY TO ACQUIRE INNAMINCKA DOME PROJECT FROM BEACH ENERGY

Highlights

• Red Sky enters a conditional sale and purchase agreement to acquire Beach Energy’s interests in the Innamincka Dome oil & gas project (“Innamincka Dome Project”), comprising a 100% interest in five PRLs and a 75% interest in another PRL.

• The acquisition (which is subject to regulatory and joint venture approvals) offers:
o near term analysis of production options from well-maintained shut in wells and infrastructure o strong growth outlook from non-producing proven fields and highly prospective tenement

• Capital raising proposed to be conducted under mandate with Taylor Collison to raise up to $2.2 million and re-development planning to commence immediately

This is the year for drill..

 

[barney]

This is the year for drill..

Tiny Market Cap around $14 million. I assume they did raise the +$4 million in the announcement a couple of weeks back?

Those two numbers alone say there is certainly plenty of headroom to move higher if they find something.

 

[Trav.]

Those two numbers alone say there is certainly plenty of headroom to move higher if they find something.

ROG ROG ROG what a DOG

This is a reminder for me not to play at this end of the Market

This is what is left of my investment after many cap raises and dilutions etc etc.

$13.50 left in value ..... from something over $3k in 2012

 

[F350]

Tiny Market Cap around $14 million. I assume they did raise the +$4 million in the announcement a couple of weeks back?

Those two numbers alone say there is certainly plenty of headroom to move higher if they find something.

29/1/2021 anouncement

$4.3M Capital Raising to Initiate Work Programme
at Killanoola Project, SA
Raising to underpin new work programme at Red Sky’s newly acquired Killanoola oil field in the
Penola Trough, South Australia
Highlights
• Funds received for $4.3M rights issue shortfall and new share placement at 0.2 cents per share.
• Major new shareholders participated in the placement in the Company.
• Red Sky undertook a one-for-one non-renounceable rights issue at 0.2 cents late last year and raised a
further $0.77M (“Rights Issue”), bringing the total amount of the capital raisings to $5.07M.
• Proceeds from the placement will underpin the work programmes across the Killanoola Project, where the
Company intends to re start oil production.
• Field work is expected to commence next quarter once the acquisition is completed.
Red Sky’s Managing Director Andrew Knox said: “We are very pleased by the strong support for the share placement,
which has introduced a number of new investors to our register.
“This strong outcome reflects the market’s growing awareness of the sustained increase in oil prices and the inherent
value in the resources at Killanoola as well as our existing Innamincka dome projects.
“The funds raised through the combined placements and rights issue will enable us to progress a focused, multi-faceted
work programme across our license, focused initially on recommencing production at the Killanoola-1 well and testing of
the Killanoola south east-1 well; but also the acquisition of 3D seismic leading to a full field development plan.
“We were also pleased to have offered at the end of last year existing eligible shareholders with the opportunity to
participate in the capital raising on the same terms as the placement, and I would like to thank all our existing and new
shareholders for their ongoing support.”

 

[F350]

ROG ROG ROG what a DOG

This is a reminder for me not to play at this end of the Market

This is what is left of my investment after many cap raises and dilutions etc etc.

$13.50 left in value ..... from something over $3k in 2012

View attachment 119749

Well now we are cashed up, and price really low.
Best time to buy.
Sorry for your loss, i put $ 25k at 0.003 , have 8 million shares. Bought after cap raise completed to be sure all is good. Value investing. Santos our partner putting 9 millions we raised 4 millions, drilling this year.
All the best trading.

 

[Dona Ferentes]

The Company has completed the acquisition of Petroleum Retention Licence 13 (PRL13) through its wholly owned subsidiary Red Sky Killanoola Pty Ltd from a subsidiary of Beach Energy Ltd. PRL13 is located near the township of Penola in southeast South Australia.

The purchase ... is inclusive of all existing production infrastructure.

The Company has commenced planning for the Killanoola Project with a focus on commencing oil production at the Killanoola-1-DW1 well as soon as possible and is currently investigating different enhanced oil recovery techniques to maintain long term production at the highest rate possible.

- a few too many variables; DNH

 

[Trav.]

ROG is getting plenty of support on social media....it could go for a run but don't be left holding when the pump is done.

 

[F350]

ROG is getting plenty of support on social media....it could go for a run but don't be left holding when the pump is done.

Yes, multi bagger potential easily. This 1no brainer

 

[F350]

Next target 004 005

 

[Trav.]

Next target 004 005

Hopefully you are still holding @F350, if so congrats mate, my share value has gone bonkers up from $13.50 to $40.50 ???

ROG taking off today

 

[barney]

Wow

No further comment required at this stage

ps Well done @F350

 

[greggles]

More than 1.2 billion shares traded today and price up another 44.4% to 1.3c. If this had closed at 1c yesterday I would have picked it for the April stock tipping competition, but it closed just short.

In a reply to an ASX Price Query yesterday, the company responded as follows:

The only other explanation the Company can ascribe to recent trading activity is that it has been the result of its positive ASX disclosures including “Net Pay of 16 Metres at Killanoola Oil Project -SA” on the 22 March 2021.

Interesting times for ROG.

 

[F350]

Hopefully you are still holding @F350, if so congrats mate, my share value has gone bonkers up from $13.50 to $40.50 ???

View attachment 122196

ROG taking off today

View attachment 122195

Yes still holding just under 10 mill shares at 003

 

[F350]

https://m.facebook.com/groups/1136221840154300/?ref=m_notif&notif_t=feedback_reaction_generic

 

[F350]

 

[greggles]

ROG reporting this morning that a new independent petrophysical analysis has identified an additional thirty seven metres of potential Net Pay in the Killanoola – 1DW-1 well. This is in addition to the existing 5 metres of proven pay.

ROG looks primed to bounce at the open.