Brief: Rubellite Energy Says Achieved Q4 Conventional Heavy Crude Oil Sales Production Of 4,209 bbl/d, up 93% y-o-y

Rubellite Energy

15/03/2024 24:06

March 14 (Reuters) - Rubellite Energy Inc  RBY.TO :
    * REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL AND
OPERATING RESULTS AND YEAR-END 2023 RESERVES AND PROVIDES
OPERATIONS UPDATE AND FIRST QUARTER AND FULL YEAR 2024 GUIDANCE
    * ACHIEVED Q4 CONVENTIONAL HEAVY CRUDE OIL SALES PRODUCTION
OF
4,209 BBL/D, REPRESENTING A 93% YEAR-OVER-YEAR INCREASE
    * GENERATED ADJUSTED FUNDS FLOW OF $17.1 MILLION ($0.27 PER
SHARE)
IN Q4 OF 2023
    * EXPECTS EXPLORATION AND DEVELOPMENT CAPITAL SPENDING TO BE
APPROXIMATELY $12 - $13 MILLION IN Q1 OF 2024
    * RUBELLITE - SALES PRODUCTION ARE EXPECTED BETWEEN 4,450 -
4,500
BBL/D FOR Q1 2024
    * RUBELLITE ENERGY INC  RBY.TO  - SEES 2024 SALES PRODUCTION
4600-
4900 BBL/D

Source text for Eikon:  ID:nCNWw1TX4a 
Further company coverage:  RBY.TO 

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