Rubellite Energy Inc (TSE:RBY) has released an update.
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Rubellite Energy Inc. has reported its financial and operational results for the second quarter of 2024, with heavy oil sales production up 58% from the same quarter the previous year. The company also completed an acquisition of Buffalo Mission Energy Corp. for $97.5 million and funded it through expanded credit facilities and a new term loan. Capital expenditures for the quarter included $21.1 million for multi-lateral horizontal development wells and a gas conservation project at Figure Lake.
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