Red Sky launches capital raise for Innamincka Dome project

COOPER BASIN junior Red Sky Energy has lodged applications to transfer the rights of the Innamincka Dome licenses to the company, and is planning a capital raise to fund development costs of the oil field with a view to restart production in the short term.

Red Sky launches capital raise for Innamincka Dome project Red Sky launches capital raise for Innamincka Dome project Red Sky launches capital raise for Innamincka Dome project Red Sky launches capital raise for Innamincka Dome project Red Sky launches capital raise for Innamincka Dome project
 
Red Sky announced it would acquire the project from Beach Energy subsidiary Acer Energy in July last year, entering into a Sale and Purchase Agreement.