Brief: Rubellite Energy Inc Announces Peavine Transaction

Rubellite Energy

09/03/2022 23:10

March 9 (Reuters) - Rubellite Energy Inc  RBY.TO :
    * RUBELLITE ENERGY INC. ANNOUNCES PEAVINE TRANSACTION,
REPORTS
YEAR-END 2021 FINANCIAL AND OPERATING RESULTS AND RESERVES, AND
PROVIDES OPERATIONS UPDATE AND 2022 GUIDANCE
    * RUBELLITE ENERGY INC -  QTRLY LOSS PER SHARE DILUTED $0.03
    * RUBELLITE ENERGY - DAILY AVERAGE SALES PRODUCTION IS
EXPECTED TO
INCREASE 91% TO 107% FROM Q4 2021 TO AVERAGE 1,150 TO 1,250
BOE/D FOR Q1 OF 2022
    * RUBELLITE ENERGY INC- SEES FULL YEAR 2022 AVERAGE SALES
PRODUCTION LEVELS OF BETWEEN 2,200 TO 2,400 BBL/D
    * RUBELLITE ENERGY INC- CO HAS SIGNED A LETTER OF INTENT TO
PURSUE
A FARM-IN AND OPTION AGREEMENT IN PEAVINE AREA

Source text for Eikon:  ID:nCNWPfKg5a 
Further company coverage:  RBY.TO 

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