Rubellite Energy Corp T.RBY

Alternate Symbol(s): T.RBY.WT | 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 > Will RBY be the next CR to be taken out?

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Comment by Hugo1947on Aug 12, 2024 7:42pm

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Post# 36175572

RE:Will RBY be the next CR to be taken out?

I wouldn't count on it too soon. Tourmaline already has a large holding of shares in both Rubellite and Perpertual which both drill in the same area. If anything I think they are trying to conslidate ownership of as much of that gas area as possible. Maybe at some future date they may merge all three into one big gas holding.

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