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Rubellite Energy Inc.

Company Summary

Description

High growth, pure play Clearwater oil company.

Operational Regions

  • Canada

Related Entities

Recent news

  • 9/7/2021 - Perpetual Energy &... (subscriber access)
  • 7/19/2021 - Perpetual Energy... (subscriber access)
  • 7/19/2021 - Perpetual Energy Creates... (subscriber access)

Company Transactions

Date: 7/19/2021
Type: Acquisition

BUYERS:
  • Rubellite Energy Inc.
    • SELLERS:
  • Perpetual Energy Inc
    • DETAILS:

    COST: 60 $MM

    NOTES:
    Perpetual Energy has created Rubellite Energy to operate its Clearwater oil position. Rubellite will acquire all of Perpetual's Clearwater land and facilities in NW Alberta for $60 million, including $58 million in cash and an option to purchase four million common shares.
    REGIONS:
  • Montney Formation

    • Date: 7/19/2021
    Type: Acquisition

    BUYERS:
  • Freehold Royalties Ltd
    • SELLERS:
  • Rubellite Energy Inc.
    • DETAILS:

    COST: 7.9 $MM

    NOTES:
    Rubellite has signed a deal with Freehold Royalties to sale a 3-5% gross overriding royalty interest in their Figure Lake asset for $7.9 million. That will be paid under a drilling commitment agreement, which covers four commitment wells and a portion of 12 additional well costs.
    REGIONS:
  • Montney Formation