Highlights
- Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182)
- Santos, the operator farmed in, holds the other 80%
- Farm-in commitments include: a new 3D over the Yarrow gas field and a vertical well
- Yarrow previously estimated to have a 2C contingent resource of 18BCF
- A further 20BCF 2C of associated gas is estimated at Flax oil field, 8km to southeast of Yarrow
- A horizontal well in Flax
- Further exploration and evaluation of other blocks
- Vertical well in Santos drilling programme expected to commence in June 2022
- Analysis of the reprocessed 2D seismic completed by Santos and a drill target was identified
- Pipeline of approximately 20km potentially to be built to tie into grid at Napowie to south of Yarrow gas field
- Pipeline expected to have a gross capacity of 20mmcfpd (4mmcfpd net to Red Sky)
Flax Facility
Location
- PRL 14 Flax Oil Field
- PRL 17 Yarrow Gas Field
- PRL 18 Juniper Oil Field
- PRL 180
- PRL 181
- PRL 182
Inventory
- PRL 14 Greater Flax Oil Field
- PRL 17 Linden and Birch leads
- PRL 18 Juniper link to Flax
- PRL 180 – updip potential
- PRL 181 – Cypress well failed
- PRL 182 – updip potential
Innamincka Area Cross sections
Eromanga Basin
Cooper Basin
Warburton Basin
Cooper Basin Stratigraphic Column
- Patchawarra Fm
- Tirrawarra Sst
- Merrimelia Fm
Hydrocarbon Inventory
PRL14 Flax Oil & Gas Field (20%)
- 2C 1.98 mmbbl oil
- 2C 0.7 mmboe gas
- Production infrastructure already built
- Six production wells drilled
- Produced over 180,000bbl until shut-in 2015
- 3D seismic coverage
PRL17 Yarrow Gas Field (20%)
- Undeveloped
- 2C 0.6 mmboe gas
- Three wells drilled
PRL18 Juniper Oil & Gas Field (20%)
- Undeveloped
- 2C 0.18 mmbbl oil
- 2C 0.08 mmboe gas
- Three wells drilled on structure
- 3D seismic coverage
Source: RISC 2015 (6MCF=1BOE) Note: All oil and gas volume estimates are subject to a complete review by Red Sky
| Net Contingent Resource | |||||||
|---|---|---|---|---|---|---|---|
| 1C | 2C | 3C | Red Sky Interest | ||||
| Permit | Field | Hydrocarbon | Oil in mmbl, gas in mmboe | % | |||
| Contingent Resource | PRL14/18 | Flax | Oil | 0.94 | 1.98 | 3.48 | 20 |
| Gas | 0.32 | 0.7 | 1.18 | 20 | |||
| PRL 18 | Juniper | Oil | 0.02 | 0.18 | 0.28 | 20 | |
| Gas | 0.02 | 0.08 | 0.34 | 20 | |||
| PRL 17 | Yarrow | Gas | 0.4 | 0.6 | 0.88 | 20 | |
| Total | 1.7 | 3.54 | 6.16 | ||||
Source: RISC 2015 (6MCF=1BOE)
Note: All oil and gas volume estimates are subject to a complete review by Red Sky
Note: All oil and gas volume estimates are subject to a complete review by Red Sky
