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, through its operating subsidiary, Rubellite Energy Inc. is engaged in the exploration, development, production and marketing of its diversified asset portfolio, which includes heavy crude oil from the Clearwater and Mannville Stack Formations in Eastern Alberta utilizing multilateral drilling technology, liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, and undeveloped bitumen leases in Northern Alberta. Its operations include Ukalta, Figure Lake, Frog Lake, and Marten Hills. Ukalta is located approximately 55 miles northeast of Edmonton. The company has a 100% working interest in Figure Lake. The company has an interest in three sections of land and 11 horizontal multi-lat producing wells at Marten Hills. The company is the operator and has a 30% working interest in Marten Hills.
Follow-Up Questions
Who is the CEO of Rubellite Energy Corp?
Ms. Susan Rose is the Chairman of the Board of Rubellite Energy Corp, joining the firm since 2021.
What is the price performance of RUBLF stock?
The current price of RUBLF is $1.57, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Rubellite Energy Corp?
Rubellite Energy Corp belongs to Energy industry and the sector is Energy
What is Rubellite Energy Corp market cap?
Rubellite Energy Corp's current market cap is $146.4M
Is Rubellite Energy Corp a buy, sell, or hold?
According to wall street analysts, 7 analysts have made analyst ratings for Rubellite Energy Corp, including 1 strong buy, 5 buy, 1 hold, 0 sell, and 1 strong sell
