Red Sky closes acquisition of Killanoola oil field

AUSTRALIAN onshore explorer Red Sky Energy has completed the acquisition of the Killanoola oil field from Beach Energy.

Red Sky closes acquisition of Killanoola oil field Red Sky closes acquisition of Killanoola oil field Red Sky closes acquisition of Killanoola oil field Red Sky closes acquisition of Killanoola oil field Red Sky closes acquisition of Killanoola oil field

 

Red Sky first announced it would take Beach's 100% interest in petroleum retention licence PRL13 in November last year. It then raised A$3.2 million through a rights issue and a further $1.