Australian independent Red Sky Energy has confirmed its next phase of activity in Angola, with plans to drive Block 6/24 towards appraisal drilling. The company acquired a 35% stake in the block in early-2025 and continues to advance exploration activities with the aim of confirming commerciality and preparing for development.
Speaking at the Angola Oil & Gas (AOG) 2025 conference, the ASX-listed explorer announced that its technical team - supported by independent consultancy PetroAus - has completed a comprehensive review of the 5,000 km² block, which includes the Cegonha oil field. The study delivered maiden contingent and prospective resource estimates, identifying strong appraisal and development potential.
“These results confirm that Block 6/24 is positioned for rapid appraisal, early production and long-term value creation. Technical findings are equally encouraging: the Catumbela reservoir shows signs of secondary porosity, enhancing potential recovery; oil discovered in the block is heavy crude at 18° API, which is commercially viable with well-established production techniques; and early analysis suggests a possible pre-salt structure beneath Ibis, opening further exploration opportunity,” stated Andrew Knox, CEO of Red Sky Energy.
Red Sky Energy is developing the block in partnership with Angola’s national oil company Sonangol E&P and oil and gas company ACREP. An agreement was signed by the partners – alongside Angola’s upstream regulator the National Oil, Gas & Biofuels Agency – at the AOG 2025 conference. Looking ahead, the partners plan to progress seismic reprocessing as well as detailed reservoir and well log studies. According to Knox, Block 6/24 represents the start of the company’s journey in Angola, with Red Sky Energy looking at a long-term strategy to grow its portfolio.
“Angola combines the right mix of resources, expertise, and forward-looking policies to attract investment and deliver sustainable growth. We intend to play a constructive role in that journey - generating value for Angola, for our partners, and for our shareholders,” Knox added.