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How Will Red Sky’s $5.2M Raise Power Innamincka Drilling?

6:02pm on Tuesday 31st of March, 2026 AEDT Energy
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How Will Red Sky’s $5.2M Raise Power Innamincka Drilling?

6:02pm on Tuesday 31st of March, 2026 AEDT
Key Points
  • Placement raising $1.0 million with strong investor support
  • Non-renounceable rights issue targeting $4.2 million
  • Funds to support drilling three Santos-operated wells in Innamincka Dome
  • Maintains 20% working interest and targets near-term production
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