HIGHLIGHTS
All third-party contractor equipment and personnel safely mobilised to site
Pre-spud activities completed, including Hazard Hunt, Emergency Drill, and Pre-Spud
Meeting
Killanoola-2 well spudded at 20:30 hrs on 24 October 2025
Drilled 12-1/4” surface hole from 17m MD
Drilled, cased, and cemented surface hole to ~365m MD
Current operations: preparing BOPE and 8-1/2” BHA
Planned to drill 8-1/2” production hole to ~1050m MD
Red Sky Energy Ltd (Red Sky or the Company) advises that drilling has officially commenced at the
Killanoola-2 (KN2) well, located within Petroleum Retention Licence 13 (PRL-13) in South Australia’s onshore
Otway Basin.
Condor Rig 01 spudded the well at 20:30 hrs on 24 October 2025, following completion of all pre-spud safety and
readiness activities. Drilling of the 12-1/4” surface hole to approximately 365m MD was completed, and the
surface casing was installed and cemented in place.
Current operations are focused on preparing the BOP equipment and changing out the bottom hole assembly
to drill ahead the 8-1/2” production hole to approximately 1050m MD.
Managing Director, Andrew Knox, commented:
“Commencing drilling at KN2 marks a major step forward for Red Sky as the project advances from planning
to execution. The Condor team is operating efficiently, and we look forward to updating shareholders as key
milestones are achieved”