CA - Rubellite Energy GAAP EPS of $0.19 revenue of $13.65M; narrows FY22 guidance range

• Rubellite Energy press release ( OTCPK:RUBLF ): Q3 GAAP EPS of $0.19.
• Revenue of $13.65M (-12.7% Q/Q).
• Daily average conventional heavy oil sales production increased 19% from second quarter 2022 levels to average 1,760 bbl/d in the third quarter of 2022 (Q2 2022 – 1,478 bbl/d), which was at the upper end of the company's Q3 2022 guidance range of 1,600 to 1,800 bbl/d.
• Adjusted funds flow per boe was $39.89/boe, up 17% from $34.13/boe in the second quarter.
• Cash flow used in operating activities in the third quarter of 2022 was $0.7 million (Q2 2022 – $6.5 million cash flow from operating activities).
• Guidance: Q4 2022 Production of 1,950 – 2,200 bbl/d; FY22 Production of 1,600 – 1,675 bbl/d; Q1 2023 Production of 2,200 – 2,600 bbl/d.

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