Red Sky has agreed to buy out the Innamincka Dome o&g project in South Australia from Beach. This involves a 100% interest in PRLs 14 (Flax field), 17 (Yarrow field), 18 (Juniper field), 180 + 181, and 75% in PRL 182. The deal carries a price tag of AUD 1, however Red Sky will be in charge of obligations, including decommissioning, abandonment, rehabilitation, remediation or restoration. The initial focus will be on re-activation of Flax.
Australia, PRL 182