ROG 0.00% 0.2¢ red sky energy limited.

announce out pel 123 acquired

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    ASX Announcement

    RED SKY ENERGY PERMIT GRANTED

    Key Points:

    Red Sky Energy Ltd acquired the prospective PELA 123 as part of the acquisition of Surat
    Resources, announced on 19th October 2009;

    The permit was at that time in application stage

    The work program has been agreed with the NSW Department of Industry and Investment;

    PEL 123 has now been granted.
    Red Sky Energy Limited (ASX: ROG) (Red Sky or the Company) has continued its strategy of
    securing major acreage positions across a number of prospective Australian basins. The Company
    confirmed it has been granted PEL 123, with a 100% interest. Work programs for the remaining
    permits, PELA 124 and PELA 125 within Surat Resources, are currently under negotiation.
    The agreed work program for the initial two year period of PEL 123 is:

    Year 1 geological studies.
    Year 2 one core hole to notional 500 metres depth, and wireline logging of water bores.
 
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