Bullboard - Stock Discussion Forum 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... see more

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TSX:RBY - Post Discussion

Rubellite Energy Corp > Now 314 Net Sections of Exposure to Clearwater

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Post by newcoin on Nov 10, 2022 7:03pm

Now 314 Net Sections of Exposure to Clearwater

Daily average conventional heavy oil sales production increased 19% from second quarter 2022 levels to average 1,760 bbl/d in the third quarter of 2022 (Q2 2022 – 1,478 bbl/d), which was at the upper end of the Company's Q3 2022 guidance range of 1,600 to 1,800 bbl/d. Production progressively ramped up through the first nine months of 2022 as new wells fully recovered their OBM, filled processing tank inventories, and then commenced delivery of heavy oil to sales terminals.

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