Red Sky raises cash for Killanoola oil field

AUSTRALIAN onshore explorer and developer Red Sky Energy has successfully raised A$4.3 million for its acquisition of the Killanoola oil field in South Australia.

Red Sky raises cash for Killanoola oil field Red Sky raises cash for Killanoola oil field Red Sky raises cash for Killanoola oil field Red Sky raises cash for Killanoola oil field Red Sky raises cash for Killanoola oil field

 

On Wednesday, Red Sky said it had raised A$3.2 million through a rights issue and a further $1.1 million via a placement of 2.5 billion shares at 0.2 cents.