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OPERATIONS

Red Sky looks to Flax field for near term revenue

ASX-listed Red Sky Energy has made a firm decision to develop its ex-Beach Energy Flax oil and gas field in the South Australian Cooper Basin, following a strategic review on its 100% owned and operated Innamincka project.

Paul Hunt
Red Sky looks to Flax field for near term revenue

This morning Red Sky told the market it was looking for near term revenue, with low capital expenditure, and that the Flax field fit the criteria. Independent oil and gas consultant RISC estimates the...

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