Rubellite Energy Inc. is pleased to announce that today it has acquired Buffalo Mission Energy Corp. for a total purchase price of approximately $97.5 million . "The acquisition of Buffalo Mission is a strategic step forward in Rubellite's growth, consolidation and portfolio enhancement strategy" said Sue Riddell Rose, President and CEO of Rubellite. "The acquired assets increase the scale of Rubellite's operations [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to announce that the annual borrowing base redetermination of the Company's credit facility has been completed. The borrowing base has been increased to $60 million, until the next scheduled semi-annual borrowing base redetermination, an increase from $52.0 million and which was previously scheduled to reduce, by $5.0 [...]
- Rubellite Energy Inc. is pleased to announce that the nominees listed in the management proxy circular dated April 4, 2024, were elected as directors of Rubellite. The detailed results of the vote for the election of directors held at its annual meeting of shareholders earlier today in Calgary, Alberta are set out below. Election of Directors Each of the following five nominees proposed by management was elected as a [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to report its first quarter 2024 financial and operating results. Select financial and operational information is outlined below and should be read in conjunction with Rubellite's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis for the three months ended March [...]
Rubellite Energy Inc. is pleased to report fourth quarter and full year 2023 financial and operating results, select information from the Company's independent year-end 2023 reserve report, evaluated by McDaniel and Associates Consultants Ltd., provides an operations update for the first quarter of 2024 and provides first quarter and full year 2024 guidance. A copy of Rubellite's audited financial statements, Management's [...]
Rubellite Energy Inc. is pleased to release its preliminary fourth quarter 2023 and current production results, update commodity price risk management contracts and provide an operational update, all of which highlight successful advancement of Rubellite's growth focused business plan centered around the attractive Clearwater play. Highlights include: Preliminary Q4 2023 average heavy oil sales production of 4,209 bbl/d [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to announce that it has closed an agreement with Source Rock Royalties Ltd. for the sale of a gross overriding royalty on certain lands within the Figure Lake and Edwand areas , and to provide an update on the Company's other recent risk management activities. GORR TRANSACTION The GORR Transaction provides for a 1.5 [...]
Source Rock Royalties Ltd. , a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that it has closed the acquisition of a gross overriding royalty in 60,800 net acres of largely contiguous land in the Figure Lake area of central Alberta for a purchase price of $8.0 million . The Purchase Price is subject to financial adjustments effective October 1, 2023 and was funded with [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to report third quarter 2023 financial and operating results. Select financial and operational information is outlined below and should be read in conjunction with Rubellite's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis for the three and nine months ended [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to announce that it has entered into a definitive purchase and sale agreement to acquire additional Clearwater assets within the Figure Lake and Edwand areas as well as undeveloped land in the Nixon area of northeast Alberta . ASSET ACQUISITION The Acquisition includes approximately 800 bbl/d of conventional heavy oil [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to provide an operations update and advises that the Company will be presenting at the Peters & Co. Limited 2023 Energy Conference on Tuesday, September 12, 2023, at 3:00 PM ET . An updated investor presentation has been posted to Rubellite's website at www.rubelliteenergy.com. OPERATIONS UPDATE At Figure Lake, a total of [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to report second quarter 2023 financial and operating results and confirms 2023 guidance. Select financial and operational information is outlined below and should be read in conjunction with Rubellite's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis for the [...]
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