Red Sky Energy is an Australian-based oil and gas company established to acquire, explore, assess and exploit oil and gas deposits in prospective tenements across Australia. The Company has secured the first option and right to use Sky Hunter?s airborne Geochemical Microseep Survey technology (GMS) within Australia. Red Sky Energy has a spread of petroleum exploration acreage in the South Australian Cooper-Eromanga Basin, Australian onshore oil and gas province, namely four permits: PEL 91, 93, 106 and 110. In addition, Red Sky Energy has farmed into EP 444 in the onshore Carnarvon Basin. EP 444 is adjacent to the Tubridgi gas field and updip from a major hydrocarbon province, the offshore Carnarvon Basin. Red Sky Energy also holds in its own right six permits: PEL 419, 420, 447, 448, 449 and 451, covering a net total of 47,468 square kilometers (net) (11.7 million acres) in the Darling Basin in Western New South Wales, five of them located near the Moomba-Sydney gas pipeline.(Source: PROSPECTUS)
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