Red Sky Energy Secures Funding to Unlock New Oil Zone at Killanoola

• Binding Farmin Agreement with Condor Energy and partners to fund 75% of KN2 well drilling
• Farminees earn 45% interest in KN2 well; Red Sky retains 55% and full operatorship
• KN2 targets a new structural high identified by 3D seismic, aiming to increase petroleum reserves
• Drilling expected late this quarter alongside DW1 well workover to optimise production