Red Sky Energy (ASX:ROG) secured a 35% interest in an oil and gas block located within the Kwanza Basin offshore Angola, according to a Friday filing with the Australian bourse.
The oil and gas firm signed a risk service deal with the Angolan National Agency for Oil, Gas, and Biofuels for offshore Block 6/24 in partnership with Acrep Exploracao Petrolifera and Sonangol Exploracao e Producao, the filing said.
Shares of Red Sky Energy declined 18% in recent Friday trade but earlier hit a new 52-week high.
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