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- Red Sky Energy (ROG) has wrapped up an inspection of one of its linear rod pumps (LRP) at the Killanoola Oil Project and is said to be in “excellent” condition
- The inspection focused on the above-ground portion of the LRP at the well site in South Australia, with Red Sky affirming the pump’s internal components were in good condition and mechanically sound
- Additionally, Red Sky said the pump’s close proximity to nearby power lines means the pump could be run for 24 hours a day over extended periods if required
- Looking ahead, the explorer is looking to run a series of production tests to determine further information regarding the quality of the oil and the reservoir
- Red Sky Energy shares are up 18.8 per cent, trading at one cent per share
Red Sky Energy (ROG) has wrapped up an inspection of one of its linear rod pumps (LRP) at the Killanoola Oil Project and is said to be in “excellent” condition.
The Killanoola – 1 DW-1 well forms part of the oil and gas explorer’s Killanoola Oil Project (Killanoola) located in the Penola Trough, South Australia, within
Red Sky’s newly acquired tenement, PRL13.
The inspection focused on the above-ground portion of the LRP well site, with Red Sky affirming the pump’s internal components were in good condition and mechanically sound.
The control box and the electrical system including the motor have also been scheduled for testing.
Further to this, the pump’s close proximity to nearby power lines means Red Sky can connect to the source if the pump needs to be run for 24 hours a day over extended periods.
Red Sky has laid plans for a test run and a subsequent extended production test depending on initial findings. The company said it will be able to ascertain more about the quality of the oil, the reservoir and potential recovery solutions during this time.
Following testing, Red Sky said it will re-enter the well to perforate the newly identified 37 metres of potential pay.
Red Sky’s Managing Director Andrew Knox said the team was pleased to find the pump in good order.
“Next steps in the short term are servicing the control box, bring in 3 phase power and test the electric motor,” he explained.
“At the same time we will work to establish topside facilities and make progress in applying for production testing approval,” he commented.
Red Sky Energy shares are up 18.8 per cent, trading at one cent per share at 11:32 am AEST.
