Rubellite Energy Inc T.RBY

Alternate Symbol(s): RUBLF | T.RBY.WT

Rubellite Energy Inc. is a Canadian energy company. The Company is engaged in the exploration, development and production of heavy crude oil from the Clearwater and Mannville stack Formations in Eastern Alberta, utilizing multilateral drilling technology. The Company has a prolific, oil focused asset base and is pursuing a robust organic growth plan. It has over 67.3 gross (36.3 net) sections of contiguous, stacked Mannville rights with a total of 170 gross (85 net) identified drilling locations in the primary producing Waseca formation and 220 gross (110 net) additional potential locations across other zones within the Mannville stack. Its operations include Ukalta, Figure Lake and Marten Hills. The Ukalta is located approximately 55 miles northeast of Edmonton. It has a 100% working interest at Figure Lake. It has accumulated close to 85 sections of land prospective for the Clearwater play in the Figure Lake area. It is actively developing its three sections of land at Marten Hills.