Rubellite Energy gains on higher Q4 production expectation

Rubellite Energy

17/01/2023 18:16

** Shares of Canadian oil producer Rubellite Energy Inc
 RBY.TO  up ~21% at C$2.17, on track for their best day since
Sept. 15, 2021
    ** Company reports prelim Q4 average oil sales production of
2,180 barrels per day (bpd) vs 603 bpd a year earlier
    ** Ongoing one-rig development programme to deliver Q1 2023
oil sales production at high end of previous forecast of
2,200-2,600 bpd - RBY
    ** Company acquires additional land in Figure Lake area to
expand its Clearwater play land position in Alberta, Canada
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))