Legal and Privacy Notice


Notice of Website Terms and Use and Privacy Statement and Certain Additional Advisories

This notice describes the terms of use for our website and our privacy statement. By visiting our website, you are deemed to accept the practices, terms of use and privacy statement described in this notice. This notice also contains certain additional advisories. “Rubellite”, “We”, “us” and “our” refers to Rubellite Energy Inc. and any subsidiaries and affiliates.



All material, including, but not limited to text, images, audio, animation, video, film or other digitized data or code (collectively, “content”) available at this website are protected by applicable copyright, trade mark, patent, trade secret laws and moral rights which are owned and controlled by us or by other parties which have licensed their material to us. Content from this website may not be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any manner except to print a copy of a web page for internal or personal use only and provided that our name and copyright notices remain intact. Modification or use of content for any purpose other than those uses for which this website is designed, or as set out in this notice is a violation of our intellectual property rights. For purposes of this notice, the reposting of any content obtained from this website to any other website or networked computer environment is prohibited without our prior written consent.


Linked Websites

Whether or not we are affiliated with websites which may be hyperlinked to this website (“linked websites”), we are not responsible or liable for content posted or available at linked websites. We do not screen or review websites before making links nor do we monitor linked websites to ensure suitability or continued suitability of the content posted or available at such linked websites. Linked websites are for your convenience only and you access them at your own risk. You will release us from all liability for any damage or loss you might suffer as a result of any content at a linked website. Hyperlinks may not be created between this website and others without our express written consent. Should we permit you to create a hyperlink to our website, you agree not to frame our website in such a manner as to disguise authorship, origin, attribution or intellectual property rights.



We will use reasonable commercial efforts to ensure this website is secure, and all information on this site is current. Despite these efforts, information on this website may contain inaccuracies or typographical errors.

Information on this site is provided “as-is” without warranty of any kind, either express or implied. Information may be changed or updated without notice. You understand and agree that you download or otherwise obtain material or data through the use of our website at your own discretion and risk and that you will be solely responsible for any damages to your computer system or loss of data that results in the download of such material or data.



By visiting our website you agree that the laws of the province of Alberta, without regard to principles of conflict of laws, will govern the terms of use and any dispute that might arise between you and Rubellite. The Courts of the Province of Alberta, judicial district of Calgary shall have exclusive jurisdiction to decide any disputes and you irrevocably attorn to the jurisdiction of those courts.


Privacy Statement

At Rubellite we recognize and respect the privacy of website visitors. We do not collect personal information about visitors to this site unless it is provided voluntarily. If you send e-mail inquiries to Rubellite, your personal information, including your e-mail address, will be used only for the purpose of responding to your inquiry and will not be shared with third parties. Such information may be retained for the purpose of tracking the types of questions received by Rubellite.

Rubellite collects and maintains statistics about the web servers used to contact us, which help us track the total number of visitors to the site and to specific parts of the site. These statistics are used to better serve our visitors and do not include personal information about individual visitors.

For your convenience, this site contains links to other web sites, including some sales related pages, but not administered by Rubellite. This Privacy Statement does not apply to these linked web sites. Each web site should be checked for its own Privacy Statement. Rubellite is not responsible for the privacy practices or the content of linked web sites that are not administered by Rubellite.


Prohibited Uses

You may use the website only for lawful purposes and in accordance with these terms of use. You agree not to use the website: in any way that violates any applicable federal, provincial, state, local or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from Canada or other countries); to transmit, or procure the sending of, any advertising or promotional material, including any “junk mail”, “chain letter” or “spam” or any other similar solicitation; or, to engage in any other conduct that restricts or inhibits anyone’s use or enjoyment of the website, or which, as determined by us, may harm Rubellite or users of this website or expose them to liability.



By using this website, you are also agreeing to indemnify and hold Rubellite and its affiliates and associates, or their respective directors, officers, employees, agents, shareholders or advisors harmless from and against any and all claims, expenses, damages, costs or any losses of any kind arising out of your use or reliance upon this website or any material contained in or obtained through this website.


No Solicitation

The material contained on this website is for informational purposes only and is not intended as a solicitation or offering of securities in any jurisdiction. Material available on or through this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Rubellite and should not be used for the purpose of making investment decisions concerning securities of Rubellite. No securities commission or similar regulatory authority has passed on the merits of, endorsed or sponsored, or has made any recommendation regarding the securities of Rubellite or the contents of this website. This website does not constitute an offer to sell or a solicitation of an offer to purchase securities under the securities law of any jurisdiction, including Canada and the United States of America, federal, state or provincial securities laws, or a solicitation to enter into any transaction. This website is not, and under no circumstances is to be construed as, a prospectus, a public offering or an offering memorandum as defined under applicable securities legislation.  PLEASE SEEK THE ADVICE OF PROFESSIONALS, AS APPROPRIATE, REGARDING THE EVALUATION OF ANY SECURITY OF RUBELLITE OR THE CONTENTS OF THIS WEBSITE.


Forward Looking Statements Advisory

Certain information on this website including management’s assessment of future plans and operations, and including the information contained under the headings “About Us – Strategy”, ” Operations” and “Investors” may constitute forward-looking information or statements (together “forward-looking information”) under applicable securities laws. The forward-looking information includes, without limitation, statements with respect to expectations respecting Rubellite’s future exploration, development and drilling activities and Rubellite’s business plan.

Forward-looking information is based on current expectations, estimates and projections that involve a number of known and unknown risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by Rubellite and described in the forward-looking information contained on this website. In particular and without limitation of the foregoing, material factors or assumptions on which the forward-looking information contained on this website is based include: the successful operation of our assets; forecast commodity prices and other pricing assumptions; forecast production volumes based on business and market conditions; foreign exchange and interest rates; near-term pricing and continued volatility of the market; accounting estimates and judgments; future use and development of technology and associated expected future results; the ability to obtain regulatory approvals; the successful and timely implementation of capital projects; ability to generate sufficient cash flow to meet current and future obligations; Rubellite’s ability to operate under the management of Perpetual pursuant to the management services agreement; the ability of Rubellite to obtain and retain qualified staff and equipment in a timely and cost-efficient manner, as applicable; the retention of key properties; forecast inflation and other assumptions inherent in Rubellite’s current guidance and estimates; the continuance of existing tax, royalty, and regulatory regimes; the accuracy of the estimates of reserves volumes; ability to access and implement technology necessary to efficiently and effectively operate assets; and the ongoing and future impact of the coronavirus and Russia’s military actions in Ukraine on commodity prices and the global economy, among others.

Undue reliance should not be placed on forward-looking information, which is not a guarantee of performance and is subject to a number of risks or uncertainties, including without limitation those described herein and under “Risk Factors” in Rubellite’s most recent Annual Information Form and MD&A and in other reports on file with Canadian securities regulatory authorities which may be accessed through the SEDAR website ( and on this website. Readers are cautioned that the foregoing list of risk factors is not exhaustive. Forward-looking information is based on the estimates and opinions of Rubellite’s management at the time the information is released, and Rubellite disclaims any intent or obligation to update publicly any such forward-looking information, whether as a result of new information, future events or otherwise, other than as expressly required by applicable securities law.


Non-GAAP and Other Financial Measures Advisory

Certain financial terms and measures contained in, or referred to in the documents incorporated by reference into, our website are “specified financial measures” (as such term is defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure (“NI 52-112“)). The specified financial measures contained in, or referred to in the documents incorporated by reference into, this Annual Information Form are comprised of “non-GAAP financial measures”, “non-GAAP ratios”, “capital management measures” and “supplementary financial measures” (as such terms are defined in NI 52-112). These measures are defined, qualified, and where required, reconciled with the nearest GAAP measure in our most recent MD&A under the heading “Non-GAAP and Other Financial Measures” in our MD&A, which section is incorporated by reference herein.


Initial Production Rates Advisory

Any references on this website to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. Readers are cautioned not to place reliance on such rates in calculating the aggregate production for Rubellite. Such rates are based on field estimates and may be based on limited data available at this time.


Estimates of Drilling Locations Advisory

Unbooked drilling locations are the internal estimates of Rubellite based on the Clearwater assets prospective acreage and an assumption as to the number of wells that can be drilled per section based on industry practice and internal review. Unbooked locations do not have attributed reserves or resources (including contingent and prospective). Unbooked locations have been identified by Rubellite’s management as an estimation of Rubellite’s multi-year drilling activities based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that Rubellite will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and natural gas reserves, resources or production. The drilling locations on which Rubellite will actually drill wells, including the number and timing thereof is ultimately dependent upon the availability of funding, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results, additional reservoir information that is obtained and other factors. While a certain number of the unbooked drilling locations have been de-risked by Rubellite by drilling existing wells in relative close proximity to such unbooked drilling locations, the majority of other unbooked drilling locations are farther away from existing wells where management of Rubellite has less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations and if drilled there is more uncertainty that such wells will result in additional oil and gas reserves, resources or production.