(NewsDirect)
Red Sky Energy Ltd (ASX:ROG) Managing Director Andrew Knox speaksto Thomas Warner from Proactive about the oil and gas exploration anddevelopment company's transition into becoming a fully-fledgedproducer. Knox starts by giving an overview of the business,highligthing its projects in the northern part of South Australia. RedSky Energy recently signed what he describes as a "verylucrative" gas sales agreement with Origin Energy and expectsrevenues from the deal to start arriving next month. He says that RedSky also owns an oilfield in the southeast of South Australia, withpotential recoverable reserve of 30 million barrels. Knox highlightedthe company's transition from exploration to production andexpressed interest in international acquisitions, capitalising onmajors divesting oil and gas assets. "Production is wonderful tohave... but we're also looking at acquisitions - we're notjust wedded to the domestic scene, we are looking internationally aswell."
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Proactive Investors
JonathanJackson
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