RED SKY ENERGY LIMITED Red Sky Energy provided an update on the completion of the drilling of the Yarrow 3 well at the Innamincka Dome licenses (Innamincka). Santos Limited have advised the Yarrow 3 vertical well in PRL17 in the Cooper Basin has been completed with no incidents, reaching a total depth of 2748m. Preliminary wireline logs evaluation indicate gas has been encountered in the Tirrawarra sandstone and the Patchawarra formation.
Santos Limited mobilised a rig and commenced drilling at Yarrow on 15 September 2022 with a total depth of 2748m reached on 24 September 2022. Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182) at the Innamincka Dome in the Cooper Basin and is free carried through the drilling of this current well up to a cap of $3 million. A pipeline of approximately 18km would potentially be built to tie into the grid at Napowie to the south of the Yarrow gas field.
