Rubellite Energy Corp T.RBY.WT

Primary Symbol: T.RBY Alternate Symbol(s): RUBLF

Rubellite Energy Corp. is a Canada-based company. The Company’s wholly owned subsidiaries include Rubellite Energy Inc. (Rubellite), and Perpetual Energy Inc. (Perpetual). Rubellite is an energy company 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. Rubellite has a prolific, oil-focused asset base and is pursuing a robust growth plan. Rubellite operations include Ukalta, Figure Lake, Frog Lake, and Marten Hills. The Ukalta is located approximately 55 miles northeast of Edmonton. It has a 100% working interest at Figure Lake. Perpetual is an oil and natural gas exploration, production and marketing company. Perpetual owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta and undeveloped bitumen leases in Northern Alberta.

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Rubellite Energy Corp > See Link

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Comment by CriticalMind55on Jan 26, 2024 9:35am

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Post# 35846798

RE:RE:See Link

Justforme wrote: They should show sales vs production volumes from these new drills, they are known to overstate production volume due to accounting OBM or incorrect production volume cuts

Should not matter that much, water cut fluctuates but production numbers should reflect net oil volumes. Heavy Oil is reported as Prodcution = Sales as per AER D017 Sec. 12.

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