Ufo Sighting in Portugal

At 21:50, Sunday the 12th of August, while sitting in the apartment in Albufeira, looking for shooting stars, my wife and I saw a triangular shaped object with three red lights on each tip.

The object travelled from North to South at a fantastic speed!  From my perspective it was about around 1 inch diameter in the sky (a very large object).

It traveled at least four times faster than any plane that you would see high altitude. This could not have been any aircraft known to myself. I have never seen anything like it in my life before....