AUSTRALIA

Red Sky enters Clarence Moreton

RED Sky Energy has signed a farm-in agreement to earn up to 100% interest in four permits in the prospective Clarence Moreton Basin, New South Wales.

Under the farm-in agreement with Clarence Moreton Resources, Red Sky has the right to earn an initial 30% interest in PEL 457,478,479 and PSPA 37 by drilling one well. The farm-in, which covers both...

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