EXPLORATION

Red Sky acquisition of Innamincka delayed til month's end

RED Sky Energy has agreed to extend the time to complete the sale and purchase agreement with Beach Energy subsidiary Acer Energy for the acquisition of the Cooper Basin Innamincka Dome project until the end of this month and hopes to begin production soon after.

Red Sky acquisition of Innamincka delayed til month's end

The project holds what Red Sky terms "six highly prospective petroleum tenements" in South Australia's northeast that take in the Flax, Yarrow and Juniper oil fields as well as two more 100% licenses...

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