Operations Figure Lake

Exploration and delineation success spurring active Clearwater development to rapidly grow production, reserves, funds flow and value

Rubellite has accumulated ~240 net sections of land prospective for the Clearwater play in the Figure Lake area and is a primary focus of capital investment.  The Wabiskaw Member of the Clearwater Formation is being exploited using multi-leg open hole horizontal wells with lateral lengths of up to 14,000m.  Production is trucked to terminals and a gas gathering pipeline network is being reactivated to conserve solution gas and send to sales with an expected commissioning date of March 2025.  

Concentrated operations, excellent road infrastructure and adequate solution gas to fuel operations results in low operating costs.  Rubellite is planning a novel gas injection scheme in 2024 to improve resource recovery. Rubellite has a 100% working interest at Figure Lake.