Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announces that KUB-Gas LLC , Cub's 35%-owned subsidiary which owns and operates the eastern Ukraine licences, has drilled the Makeevskoye-30 well to a total depth of 1,985 metres. Logging was performed on several horizons and was evaluated as having non-commercial gas shows. The well will be abandoned and Kub-Gas is reviewing its options for its next [...]
Cub Energy Inc. Announces Spudding of the M-30 well in Eastern Ukraine Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announces that KUB-Gas LLC , Cub's 35%-owned subsidiary which owns and operates the eastern Ukraine licences, has commenced drilling of the Makeevskoye-30 well. The M-30 well is planned to a total depth of 1,985 metres to evaluate several prospective horizons. The M-30 well is funded [...]
Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announced today its unaudited interim financial and operating results for the three and nine months ended September 30, 2019. All dollar amounts are expressed in United States dollars unless otherwise noted.This update includes results from Kub-Gas LLC , which Cub has a 35% equity ownership interest, Tysagaz LLC , Cub's 100% owned subsidiary and CNG LLC [...]
Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announced today the results of the drilling of the first well in the Uzhgorod drilling program. The Uzhgorod-101 well showed that the prospective reservoir sands were water saturated with traces of natural gas that indicate there was gas migration, but no viable trapping mechanism in this particular prospect. CNG LLC , Cub's 50%-owned subsidiary which owns [...]
Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announced today that CNG LLC , Cub’s 50%-owned subsidiary which owns and operates the western Ukraine Uzhgorod licence, has commenced drilling of the Uzhgorod-101 well. This is the first well in a three-well drill program for which all costs will be borne 100% by our partner, NAFTA International B.V. . The average planned depth of the wells is in range from [...]
Cub Energy Announces Net Earnings of US $0.8 million for the First Half of 2019 Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announced today its unaudited interim financial and operating results for the three and six months ended June 30, 2019. All dollar amounts are express in United States dollars unless otherwise noted. This update includes results from Kub-Gas LLC , which Cub has a 35% equity [...]
Cub Energy Inc. announces the following results from the Annual General Meeting of Shareholders held at Cub's Houston, Texas office on May 14, 2019: Davidson & Company LLP -- was appointed as the Company's auditors for 2019 Election of Cub's Board of Directors as follows: Mikhail Afendikov, also appointed Chairman of the Board Frank Mermoud Tim Marchant John Booth At the AGM, shareholders also passed two proposed [...]
Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announced today its unaudited interim financial and operating results for the three months ended March 31, 2019. All dollar amounts are expressed in United States Dollars unless otherwise noted. This update includes results from KUB-Gas LLC , which Cub has a 35% equity ownership interest, Tysagaz LLC , Cub's 100% owned subsidiary and CNG LLC , which Cub has [...]
Cub Energy Inc. announces the results of its independent reserves evaluations as of December 31, 2018 on its oil and gas properties in Ukraine. The evaluation of the Tysagaz LLC property and KUB-Gas LLC properties was conducted by Ryder Scott Petroleum Consultants , an independent qualified reserves evaluators and auditor . All evaluations were prepared using guidelines outlined in the Canadian Oil and Gas Evaluation [...]
Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announced today its audited financial and operating results for the year ended December 31, 2018. All dollar amounts are expressed in United States Dollars unless otherwise noted. This update includes results from KUB-Gas LLC , which Cub has a 35% equity ownership interest, Tysagaz LLC , Cub's 100% owned subsidiary and CNG LLC , which Cub has a 50% equity [...]
Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announced today its unaudited financial and operating results for the third quarter ended September 30, 2018. All dollar amounts are expressed in United States Dollars unless otherwise noted. This update includes results from KUB-Gas LLC , which Cub has a 35% equity ownership interest, Tysagaz LLC , Cub's 100% owned subsidiary and CNG LLC , which Cub has a [...]
Cub Energy Inc. , a Ukraine-focused upstream oil and gas company, announces that KUB-Gas LLC , Cub's 35%-owned subsidiary which owns and operates the eastern Ukraine licenses, has released results of its recent recompletion of the Olgovskoye-3 well. Kub-Gas utilized its own workover rig and crew to recomplete a productive gas sand interval designated as the Bashkirian-1b . The well has stabilized at a rate of 1.4 million [...]