Red Sky in central Queensland

RED Sky has formally entered into a farm-in agreement with Resolve Geo for the ATP 946 permit in central Queensland, which the company says could contain 10 trillion cubic feet of gas.

Red Sky in central Queensland Red Sky in central Queensland Red Sky in central Queensland Red Sky in central Queensland Red Sky in central Queensland

The farm-in will allow Red Sky to take a 100% stake in the permit, after completing a $1.6 million initial work program to gain 10% and putting in $5 million to gain an additional 80%.

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