Cub Energy, an upstream oil and gas company, announces the Olgovskoye-15 ("O-15") well has been cased to a total measured depth of 3,246 metres as a potential gas well. The Company has identified four potential gas zones with an aggregate thickness of twenty-three metres. The O-15 well is operated by KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a 30% ownership interest.
Cub Energy today announced that it has retained The Capital Lab to advise and support the Company with its investor communications and marketing efforts. The Capital Lab will assist with a variety of investor relations activities and projects. The Capital Lab has been retained for a period commencing May 1, 2013 and ending on May 1, 2014. Following the initial three-month period, the agreement may be terminated by either [...]
Cub Energy and Anatolia Energy are pleased to announce that they have entered into an arrangement agreement providing for the acquisition by Cub of all the issued and outstanding common shares of Anatolia in exchange for common shares of Cub pursuant to a plan of arrangement under the Business Corporations Act.
Cub Energy a Ukraine-focused upstream oil and gas company, reports its audited financial and operating results for the year ended 31 December 2012. The Company's complete annual reporting package including audited annual financial statements, associated Management's Discussion and Analysis and the 2012 Annual Information Form, have been filed on SEDAR and posted on the Company's website.
Cub Energy, announces the Makeevskoye-16 ("M-16") well has tested significant volumes of natural gas from a new pool gas discovery on the Makeevskoye Licence in Ukraine. The M-16 well tested gas from the S5 zone at more than 4.3 million cubic feet per day ("MMcf/d"). The M-16 is operated by KUB-Gas, a partially-owned subsidiary in which Cub has a 30% ownership interest.
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