HOUSTON, TEXAS--(Marketwired - Sep 26, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announced today that its largest shareholder, Pelicourt Limited ("Pelicourt"), has informed the Company it has acquired additional common shares of Cub on the open market. Cub's Chairman and Chief Executive Officer, Mikhail Afendikov, owns a 31% interest in Pelicourt, and Cub's Senior Advisor, Robert J. Bensh, owns a [...]
HOUSTON, TEXAS--(Marketwired - Sep 5, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), Patrick McGrath, B.Comm., CGA, has joined the Company as the Chief Financial Officer ("CFO") effective 1 September 2013, and will be based in the Houston corporate office. Mr. McGrath has over 15 years experience, of which the last ten years have been in senior management positions, in international oil and gas [...]
HOUSTON, TEXAS--(Marketwired - Sep 5, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) reports on its operations activities in Ukraine and that KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a 30% ownership interest, has successfully converted its Krutogorovskoye Licence to a 20-year production licence. Mikhail Afendikov, Chairman and Chief Executive Officer, stated: "The [...]
HOUSTON, TEXAS--(Marketwired - Sep 4, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) today announced, subject to regulatory approval, it has appointed Mr. Richard "Dick" K. Stoneburner as a director of the Company. Mr. Stoneburner formerly served as President of the North America Shale Production Division for BHP Billiton and as President and Chief Operating Officer for Petrohawk Energy Corporation [...]
HOUSTON, TEXAS--(Marketwired - Sep 3, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that the Yolduzu-1 ("Y-1") exploration well, in which Cub has the right to earn a 50% working interest, has commenced drilling on the Besni Licence in Southeast Turkey. Yolduzu-1 Well The Y-1 well is the first well for Cub to drill with its joint-venture partner in Turkey, Calik Petrol. With a planned total [...]
HOUSTON, TEXAS--(Marketwired - Aug 28, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announced today, subject to regulatory approval, it has appointed Rebecca Gottsegen, as General Counsel, Corporate Secretary and Chief Compliance Officer. Mikhail Afendikov, Chairman and CEO commented, "Compliance management and corporate governance are high priorities to the Company and Ms. Gottsegen's experience [...]
HOUSTON, TEXAS--(Marketwired - Aug 26, 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 six months ended June 30, 2013. Cub's complete quarterly reporting package, including the unaudited interim financial statements and associated Management's Discussion and [...]
HOUSTON, TEXAS--(Marketwired - Aug 19, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that the Olgovskoye-24 ("O-24") exploration well has commenced drilling. The O-24 well 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. Olgovskoye-24 Well The O-24 well will be [...]
HOUSTON, TEXAS--(Marketwired - Jul 31, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), an upstream oil and gas company, announced today that an open-hole test of the North Makeevskoye-3 ("NM-3") exploration well recovered oil and gas from Visean-aged rock formations underlying the North Makeevskoye Exploration Licence, which lies along the south-eastern Dnieper-Donetsk Basin. The NM-3 well is operated [...]
HOUSTON, TEXAS--(Marketwired - Jul 24, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) reports that the Board of Directors has granted options to acquire an aggregate of 17,855,000 common shares of Cub to directors, officers, employees and consultants of the Company in accordance with the Company's stock option plan. Each optionee, on a pro rata basis, will be entitled to exercise 25% of the options [...]
HOUSTON, TEXAS -- (Marketwired) -- 07/03/13 -- Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE: KUB) announces a discovery at the Olgovskoye Production Licence. The Olgovskoye-15 ("O-15") well tested the S5 zone in the Serpukhovian aged reservoir at a maximum flow rate of 1.5 million cubic feet per day ("MMcf/d"). The O-15 well is operated by KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a [...]
HOUSTON, TEXAS -- (Marketwired) -- 07/02/13 -- Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE: KUB) announces that Bob Spring has been appointed to the position of Vice-President, Exploration. Mr. Spring most recently served as Chief Executive Officer of Anatolia Energy and has over 29 years of experience in oil and gas exploration and geo-science technologies. Mr. Spring will oversee the exploration operations [...]