Red Sky Secures Gas Sales Agreement with Origin Energy

Red Sky Energy (ASX: ROG) has secured a gas sales agreement with Origin Energy, coinciding with the completion of a pipeline by Santos and grid connection in the Yarrow gas field. This bilateral agreement outlines the terms for gas transactions, intending to cover all gas production until January 1, 2026, with the possibility of extension under a take-or-pay arrangement.

The production from Yarrow 3 is expected to generate Red Sky's first revenues from the project. Yarrow holds significant gas reserves, with estimates of up to 18BCF in contingent resources, and an additional 20BCF associated gas potential at the Flax oil field nearby. This milestone agreement marks a significant step forward for Red Sky in monetizing its gas resources and delivering them to market.

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