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RED SKY APPOINTS GORDON RAMSAY TO THE BOARD...• Mr Ramsay’s extensive networks and expertise in...

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Red Sky Energy ACN 099 116 275 ASX:ROG Issued Capital 1,253.18m shares 280.81m options 250.00m perf options Australian Registered Office Level 17 500 Collins Street Melbourne Victoria 3000 Contact T: +61 3 9614 0600 F: +61 3 9614 0550 E: [email protected] www.redskyenergy.com.au ASX ANNOUNCEMENT 6 NOVEMBER 2019 RED SKY APPOINTS GORDON RAMSAY TO THE BOARD HIGHLIGHTS Experienced investment banking executive, Mr Gordon Ramsay, has been appointed as Non-Executive Chairman of the Company Mr Ramsay’s extensive networks and expertise in equity markets and the resource sector expected to aid the development of new opportunities Australian Oil and Gas explorer and developer, Red Sky Energy (ROG: ASX) (“Red Sky” or the “Company”) is pleased to announce the appointment of Gordon Ramsay as Non-Executive Chairman. Importantly, this appointment will support the Company in the development and assessment of new opportunities. Commenting on the appointment, Managing Director and CEO, Andrew Knox, said: “We are excited to have secured the experience that Gordon will add to Red Sky’s management team. Importantly, he adds extensive experience in the investment and resources sector with a strong pedigree of success. I am looking forward to working with Gordon on the next phase identifying and developing new opportunities.” Mr Ramsay added: “I am keen to join the Company to assist in advancing development of new opportunities. I was attracted to Red Sky for the quality of current projects being developed as well as the veracity of management to continue seeking new opportunities and value for shareholders.” Mr Ramsay graduated with a Bachelor of Science (BSc, Applied Geophysics) from the University of Western Ontario, and a Masters of Business Administration (MBA, Finance and Marketing) from Monash University. He is a member of the Australian Institute of Company Directors (GAICD), American Association of Petroleum Geologists (AAPG), and a former treasurer at the Petroleum Exploration Society of Australia (PESA). He has held senior management positions for companies such as Ralton Asset Management, Royal Energy, FAR Ltd, UBS Investment Bank, and Salomon Smith Barney (Citi Group). He brings to Red Sky his significant investment and resources experience and will work closely with Managing Director, Andrew Knox, leveraging this on near term development of new opportunities. ENDS
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Red Sky Energy ACN 099 116 275 ASX:ROG

Issued Capital 1,253.18m shares 280.81m options 250.00m perf options

Australian Registered Office Level 17 500 Collins Street Melbourne Victoria 3000

Contact T: +61 3 9614 0600 F: +61 3 9614 0550 E: [email protected]

www.redskyenergy.com.au

ASX ANNOUNCEMENT 6 NOVEMBER 2019

RED SKY APPOINTS GORDON RAMSAY TO THE BOARD

HIGHLIGHTS

• Experienced investment banking executive, Mr Gordon Ramsay, has been appointed as

Non-Executive Chairman of the Company • Mr Ramsay’s extensive networks and expertise in equity markets and the resource

sector expected to aid the development of new opportunities

Australian Oil and Gas explorer and developer, Red Sky Energy (ROG: ASX) (“Red Sky” or the “Company”) is pleased to announce the appointment of Gordon Ramsay as Non-Executive Chairman. Importantly, this appointment will support the Company in the development and assessment of new opportunities. Commenting on the appointment, Managing Director and CEO, Andrew Knox, said:

“We are excited to have secured the experience that Gordon will add to Red Sky’s management team. Importantly, he adds extensive experience in the investment and resources sector with a strong pedigree of success. I am looking forward to working with Gordon on the next phase identifying and developing new opportunities.”

Mr Ramsay added:

“I am keen to join the Company to assist in advancing development of new opportunities. I was attracted to Red Sky for the quality of current projects being developed as well as the veracity of management to continue seeking new opportunities and value for shareholders.”

Mr Ramsay graduated with a Bachelor of Science (BSc, Applied Geophysics) from the University of Western Ontario, and a Masters of Business Administration (MBA, Finance and Marketing) from Monash University. He is a member of the Australian Institute of Company Directors (GAICD), American Association of Petroleum Geologists (AAPG), and a former treasurer at the Petroleum Exploration Society of Australia (PESA). He has held senior management positions for companies such as Ralton Asset Management, Royal Energy, FAR Ltd, UBS Investment Bank, and Salomon Smith Barney (Citi Group). He brings to Red Sky his significant investment and resources experience and will work closely with Managing Director, Andrew Knox, leveraging this on near term development of new opportunities. ENDS

Red Sky Energy ACN 099 116 275 ASX:ROG

Issued Capital 1,253.18m shares 280.81m options 250.00m perf options

Australian Registered Office Level 17 500 Collins Street Melbourne Victoria 3000

Contact T: +61 3 9614 0600 F: +61 3 9614 0550 E: [email protected]

www.redskyenergy.com.au

ASX ANNOUNCEMENT 6 NOVEMBER 2019

For more information:

Andrew Knox Managing Director Red Sky Energy [email protected]

Elvis Jurcevic Investor Relations irX Advisors [email protected]

About Red Sky Energy Limited

Red Sky Energy is an ASX listed oil and gas development company with four 20% highly prospective projects located in Australia’s Cooper Basin. The Company’s initial development targets are; 1) the Flax Project which contains a 2C contingent resource of 9.9m barrels of oil and 24 BCF of natural gas with in place infrastructure and six production wells that produced around 180k barrels of oil between 2009 and 2015 when it was closed down due to low Australian dollar oil prices; and 2) the Yarrow Project which contains a 2C contingent resource of 20 BCF of natural gas. These projects are expected to deliver near term revenues with modest capital expenditure requirements.

The Company’s other two projects are significant with Juniper an oil and gas target with modest existing 2C oil and gas contingent resources with significant exploration potential, and PRLs 180/181/182 with oil and gas targets that is substantially under explored.

Other assets include 100% working interest in the Gold Nugget gas production in Wyoming, USA.

The Company is focused on moving its near term revenue projects into production whilst establishing the optimum model to explore the larger two substantially under explored projects.

Figure 1: Map showing Company’s Projects located in Cooper Basin, South Australia


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