CALGARY,
AB, Aug. 6, 2024 /CNW/ - (TSX: RBY)
– Rubellite Energy Inc. ("Rubellite", or the "Company") is
pleased to announce the release of an updated corporate
presentation which has been posted to the Company's website and
includes updates related to the acquisition of Buffalo Mission
Energy Corp. ("Buffalo Mission"), a private Mannville Stack-focused
heavy oil producer, which closed August 2,
2024 for a total purchase price of approximately
$97.5 million.
A copy of the August 2, 2024 press
release can be found on SEDAR+ at www.sedarplus.ca and on the
Company's website at www.rubelliteenergy.com/news release. A copy
of the updated corporate presentation can be found on the Company's
website at www.rubelliteenergy.com/corporate presentation.
ABOUT RUBELLITE
Rubellite is a Canadian energy company engaged in the
exploration, development and production of heavy crude oil from the
Clearwater and Mannville stack Formations in Eastern Alberta, utilizing multi-lateral
drilling technology. Rubellite has a prolific, oil focused asset
base and is pursuing a robust organic growth plan focused on
superior corporate returns and funds flow generation while
maintaining a conservative capital structure and prioritizing
operational excellence. Additional information on Rubellite and the
Acquisition can be accessed on the Company's website at
www.rubelliteenergy.com or on SEDAR+ at www.sedarplus.ca.
The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.
SOURCE Rubellite Energy Inc.