Red Sky Energy to earn into US oilfield - Red Sky Energy (ASX:ROG) - TopicsExpress

Red Sky Energy to earn into US oilfield - Red Sky Energy (ASX:ROG) has entered into a binding Terms Sheet to acquire rights to a 50% interest in the Cache Oilfield project in Colorado, USA. Implementation of the transaction will be subject to shareholder and regulatory approvals as well as completion of capital raisings totalling $2.4 million before costs. The Cache field produces from the Pennsylvanian age Ismay reservoir at a depth of 5,600 feet and comprises of a ser... ow.ly/2Q5Z74

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