HOUSTON, TEXAS--(Marketwired - Mar 18, 2015) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), a Black Sea region-focused upstream oil and gas company, announced today its audited annual financial and operating results for the year ended December 31, 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% ownership [...]
HOUSTON, TEXAS--(Marketwired - Mar 9, 2015) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that Robert Hodgins has informed the Board that he has resigned as Director of the Company effective March 8, 2015, for personal reasons. "We thank Bob for his years of service and wish him well," said Mr. Mikhail Afendikov, Chairman and CEO. About Cub Energy Inc. Cub Energy Inc. (TSX VENTURE:KUB) is an [...]
HOUSTON, TEXAS--(Marketwired - Feb. 23, 2015) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces the voluntary cancelation of 16,130,000 stock options, of which 10,330,000 were options held by directors and officers. The Company has a total of 311,746,285 issued and outstanding shares. With recent market turmoil, the geopolitical climate in Ukraine and the drop in the Cub's share price, several current [...]
HOUSTON, TEXAS--(Marketwired - Jan 23, 2015) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces fourth quarter production and operational update, including a 2014 exit rate of approximately 2,407 barrels of oil equivalent ("boe/d") (a 16% increase over the Company's 2013 exit rate of 2,070 boe/d). This update includes ongoing operations from KUB-Gas LLC ("KUB-Gas"), which Cub has a 30% ownership [...]
HOUSTON, TEXAS--(Marketwired - Jan 7, 2015) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces the Makeevskoye-22 ("M-22") exploration well has reached its total depth of 3,629 metres, and has encountered gas in six zones. Two of those zones appear to be net pay, with the other four having resource potential. Casing has been run and cemented, and the operator, KUB-Gas LLC ("KUB-Gas"), is now preparing [...]
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 [...]