About Us

Newly created Clearwater heavy oil explorer and producer

RUBELLITE ENERGY INC.

Rubellite Energy Inc. is a junior Canadian energy company incorporated by Perpetual Energy Inc. and established through a plan of arrangement in September 2021. We are engaged in the exploration, development and production of heavy crude oil from the Clearwater Formation in Eastern Alberta, utilizing multi-lateral drilling technology. Rubellite has a pure play Clearwater asset base and is pursuing a robust organic growth plan focused on superior corporate returns and free funds flow generation while maintaining a conservative capital structure.

Management

Cost-effectively managed under a management services arrangement with Perpetual Energy

Directors

Strong governance through independent directors

Strategy

Fully funded high-growth opportunity in the prolific Clearwater play

Generating Superior Returns Through the Drill Bit

Growing production, reserves, funds flow and value while exploring to expand the inventory for future growth

Strategy

Core Properties

Ukalta

Highly economic development activity rapidly growing production, reserves, funds flow and value

Figure Lake

Exploration success spurring active delineation

Marten Hills

Solid economic returns while securing access to exploratory lands on the northern Clearwater trend