HOUSTON, TEXAS--(Marketwired - Mar 13, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that it and the Company's joint venture ("JV") partner in Turkey, Calik Petrol a subsidiary of Calik Enerji ("Calik"), have mutually agreed to end their partnership. Through its acquisition of Anatolia Energy Corp. in June of 2013, Cub acquired a 25% interest in the Bismil licence and pursuant to its JV [...]
HOUSTON, TEXAS--(Marketwired - Mar 12, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that KUB-Gas LLC ("KUB-Gas") has completed the construction and commissioning of its new Makeevskoye gas processing facility. The new facility supplements existing infrastructure, and increases KUB-Gas' overall processing capacity from 30 million cubic feet per day ("MMcf/d") to 68 MMcf/d. The Company [...]
HOUSTON, TEXAS--(Marketwired - Jan 13, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces fourth quarter operational update including the seventh consecutive quarter of production growth, record quarterly production and a 2013 exit rate of approximately 2,070 barrels of oil equivalent ("boe/d") (a 35% increase over the Company's 2012 exit rate). Fourth Quarter Update Average production from the [...]
HOUSTON, TEXAS--(Marketwired - Dec 20, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces the Rusko-Komarovske-22 ("RK-22") development well, on the Rusko-Komarovske ("RK") licence, in western Ukraine has tested gas at a maximum rate flow rate of 2.5 million cubic feet per day ("MMcf/d"). Cub is the owner and operator of the RK-22 well and has a 100% working interest in the RK licence. RK-22 [...]
HOUSTON, TEXAS--(Marketwired - Nov 27, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) a Black Sea region-focused upstream oil and gas company, announces the Makeevskoye-17 ("M-17") exploration well has commenced drilling. The M-17 well is operated by KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a 30% ownership interest through its 30% shareholding of KUBGas Holdings Limited [...]
Sixth Consecutive Quarter of Production Growth with Current Record Production of 1,690 boe/d HOUSTON, TEXAS--(Marketwired - Nov 19, 2013) - 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, 2013. All dollar amounts are expressed in [...]
HOUSTON, TEXAS--(Marketwired - Oct 29, 2013) - Cub Energy Inc. (TSX VENTURE:KUB) ("Cub", or the "Company") announces that the Olgovskoye-24 ("O-24") well has been cased to total depth ("TD") as a potential gas producer. The O-24 well is operated by KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a 30% ownership interest through its 30% shareholding of KUBGas Holdings Limited. Olgovskoye-24 The O-24 [...]
HOUSTON, TEXAS--(Marketwired - Oct 24, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces it has commenced drilling of the Rusko-Komarovske-22 ("RK-22") development well on the Rusko-Komarovske ("RK") licence in western Ukraine. Cub is the owner and operator of the RK-22 and has a 100% working interest in the RK licence. RK-22 Well The RK-22 well is the first well for Cub to drill on the RK [...]
HOUSTON, TEXAS--(Marketwired - Oct 21, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that corporate production has reached a new high of more than 1,668 barrels of oil equivalent per day ("boe/d") after the stimulation of two wells in Ukraine. The Olgovskoye-4 ("O-4") and Olgovskoye-5 ("O-5") wells were successfully stimulated resulting in maximum test rates of 4.0 million cubic feet per day [...]
HOUSTON, TEXAS--(Marketwired - Oct 10, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announced today that Mikhail Afendikov, Chairman and CEO, is scheduled to present at the Canaccord Genuity Global Resource Conference on Wednesday, October 16, at 3:30 p.m. (ET). A webcast of the presentation can be accessed at the following link: http://wsw.com/webcast/canaccord11/KUB.V About Cub Energy Inc. Cub[...]
HOUSTON, TEXAS--(Marketwired - Oct 9, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces the completion of drilling operations for the Yolduzu-1 ("Y-1") exploration well in Turkey. The Company has the right to earn a 50% interest in the Y-1 well from its joint-venture partner, Calik Petrol. Yoduzu-1 Exploration Well The Y-1 was drilled to a total depth of 1,300 metres with the primary objective [...]
HOUSTON, TEXAS--(Marketwired - Oct 2, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB), announces the Company has extended and increased its line of credit ("LOC") with Pelicourt Limited ("Pelicourt") for up to USD $5,000,000 to be applied to the funding of the ongoing development of Cub's assets in Ukraine and Turkey. Cub currently has no outstanding balance on the LOC. Formalisation of the LOC [...]
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