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RUBELLITE ENERGY INC. ANNOUNCES ACHIEVEMENT OF FOURTH QUARTER 2022 PRODUCTION GUIDANCE, SUCCESSFUL LAND ACQUISITIONS AND PROVIDES STRONG OPERATIONAL UPDATE
RUBELLITE ENERGY INC. ANNOUNCES ACHIEVEMENT OF FOURTH QUARTER 2022 PRODUCTION GUIDANCE, SUCCESSFU...
About this update from Rubellite Energy Corp.
[{"type":"text","content":"\n \n \n \n RUBELLITE ENERGY INC. ANNOUNCES ACHIEVEMENT OF FOURTH QUARTER 2022 PRODUCTION GUIDANCE, SUCCESSFUL LAND ACQUISITIONS AND PROVIDES STRONG OPERATIONAL UPDATE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Jan. 17, 2023\n \n \n /CNW/ - (TSX:RBY)\n \n –\n \n Rubellite Energy Inc. (\"Rubellite\" or the \"Company\"), a pure play\n \n Clearwater\n \n oil exploration and development company, is pleased to release its preliminary fourth quarter 2022 and current production results, announce a material expansion in Rubellite's land base and prospect inventory at Figure Lake, and provide an operational update, all of which highlight successful advancement of Rubellite's growth focused business plan centered around the attractive\n \n Clearwater\n \n play. Highlights include:\n \n \n \n Preliminary Q4 2022 average oil sales production, based on field estimates, of 2,180 bbl/d;\n \n \n Current oil sales production, based on field estimates, of over 2,700 bbl/d;\n \n \n Strong preliminary performance from new development wells rig released at Marten Hills and in the Figure Lake area, relative to Rubellite's type curve;\n \n \n Ongoing one-rig development program at Figure Lake on track to deliver Q1 2023 oil sales production at the high end of previous corporate guidance of 2,200 – 2,600 bbl/d;\n \n \n Continued expansion of Figure Lake l...