EXPLORATION

Red Sky bulks up CSG acreage

RED Sky Energy has extended its coal seam gas foothold in central Queensland, entering into a farm-in agreement with Resolve Geo to acquire up to 100% of the CSG rights in ATP 946.

Marija Stojkovic

Under the term sheet agreement, Red Sky will earn 10% in the 7650-square-kilometre permit by funding two initial coreholes with an option to earn a further 80% interest by spending an additional $5 million....

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