Rubellite Energy Corp. engages in the exploration, development & production of heavy crude oil from the clearwater and mannville stack formations in Eastern Alberta, utilizing multi-lateral drilling technology. The company is headquartered in Calgary, Alberta and currently employs 52 full-time employees. The company went IPO on 2021-09-09. 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. The company 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.
