HOUSTON, TEXAS--(Marketwired - Dec 4, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) comments on the potential impact of new decrees from the Ukrainian government and the National Bank of Ukraine. As reported in our press release of September 29, 2014, the Management Board of the National Bank of Ukraine (the "Bank") announced Resolution No. 591, which prohibited several types of foreign exchange [...]
HOUSTON, TEXAS--(Marketwired - Nov 12, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), a Black Sea region-focused upstream oil and gas company, announced today its unaudited interim financial and operating results for the three and nine months ended September 30, 2014. All dollar amounts are expressed in United States Dollars. This update includes results from KUB-Gas LLC ("KUB-Gas"), which Cub has a [...]
HOUSTON, TEXAS--(Marketwired - Nov 6, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that the shallow L Sands in the Rusko-Komarovske 23 ("RK-23") well tested gas at a rate of over 2.3 million cubic feet per day ("MMcf/d") through an eight millimetre choke. The well has been shut in for a pressure build up, after which the recorders will be retrieved and the well will be tied in for [...]
HOUSTON, TEXAS--(Marketwired - Oct 14, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces the Rusko-Komarovske 23 ("RK-23") well has commenced drilling. The RK-23 well is 100% owned and operated by Cub in western Ukraine. The RK-23 vertical well is the third well for Cub to drill on the RK licence and has a planned total depth of 900 metres measured depth ("MD"). The RK-23 well is to target the [...]
HOUSTON, TEXAS--(Marketwired - Oct 10, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) provides the following update for its third quarter operations. This update includes ongoing operations from KUB-Gas LLC ("KUB-Gas"), which Cub has a 30% ownership interest, and Tysagaz JSC ("Tysagaz"), Cub's 100% owned subsidiary. Third Quarter Production and Realized Prices Average production for the third quarter [...]
HOUSTON, TEXAS--(Marketwired - Oct 2, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that the security situation in and around the Makeevskoye, Olgovskoye and North Makeevskoye licences in eastern Ukraine has improved, and that KUB-Gas LLC ("KUB-Gas"), Cub's 30% owned subsidiary which owns and operates the eastern Ukraine licences, has resumed its drilling program with the spud of the [...]
HOUSTON, TEXAS--(Marketwired - Sep 29, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) comments on the material impact of a temporary resolution of the National Bank of Ukraine ("NBU"), which among other things, prohibits the payment of cross-border dividends through December 2, 2014. On September 22, 2014, the Management Board of the NBU issued Resolution No. 591, to take effect on September 23, 2014 [...]
HOUSTON, TEXAS--(Marketwired - Aug 13, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), a Black Sea region-focused upstream oil and gas company, announced today its unaudited interim financial and operating results for the three and six months ended June 30, 2014. All dollar amounts are expressed in United States Dollars. This update includes results from KUB-Gas LLC ("KUB-Gas"), which Cub has a 30 [...]
HOUSTON, TEXAS--(Marketwired - Aug 4, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) comments on the newly enacted law concerning gas royalties in Ukraine. On Friday, August 1, 2104, Ukraine President Petro Poroshenko signed a new law temporarily increasing royalties on natural gas production to 55% from their current level of 28% through December 31, 2014 (five months). The royalty rates will return [...]
HOUSTON, TEXAS--(Marketwired - Jul 10, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces the following operations update for the second quarter ending June 30, 2014. This update includes ongoing operations from KUB-Gas LLC ("KUB-Gas"), which Cub has a 30% ownership interest, and Tysagaz JSC ("Tysagaz"), Cub's 100% owned subsidiary. Second Quarter Increased Production and Realized Prices Average [...]
HOUSTON, TEXAS--(Marketwired - Jun 27, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that KUB-Gas LLC ("KUB-Gas") achieved a significant milestone in daily production -over 1 million cubic metres per day ("MMcm/d") or approximately 36 million cubic feet per day ("MMcf/d") after recent tie-ins. This equates to approximately 10.8 MMcf/d net production to Cub from KUB-Gas. Cub has a 30 [...]
HOUSTON, TEXAS--(Marketwired - Jun 18, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that the North Makeevskoye-4 ("NM-4") exploration well commenced drilling on June 16, 2014. NM-4 is operated by KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a 30% effective ownership interest through its 30% shareholding of KUBGAS Holdings Limited ("KUB Holdings"). NM-4 is located [...]
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