HOUSTON, TEXAS--(Marketwired - Mar 24, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces the results of its independent reserves evaluations as at December 31, 2015 on its oil and gas properties in Ukraine. The evaluation of Tysagaz properties (100% WI) was conducted by Ryder Scott Petroleum Consultants ("Ryder Scott") and the evaluation of KUB-Gas properties (30% WI) was conducted by RPS Energy [...]
HOUSTON, TEXAS--(Marketwired - March 16, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), a Ukraine-focused upstream oil and gas company, announced today its audited annual financial and operating results for the fourth quarter of 2015. All dollar amounts are expressed in United States Dollars. This update includes results from KUB-Gas LLC ("KUB-Gas"), which Cub has a 35% ownership interest (30 [...]
HOUSTON, TEXAS--(Marketwired - Mar 14, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that its wholly-owned subsidiary, Tysagaz LLC, has been granted a production licence with additional acreage in western Ukraine. The new Uzhgorod licence covers approximately 75,000 acres, which is a 50% increase from its original size of 50,000 acres. The expanded Uzhgorod block was awarded to the Company [...]
HOUSTON, TEXAS--(Marketwired - Feb 12, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that Richard "Dick" K. Stoneburner has informed the Board that he has resigned as Director of the Company effective today. Mikhail Afendikov, Chairman and CEO said, "We thank Dick for contributions to our Board and Company. We wish him well." About Cub Energy Inc. Cub Energy Inc. (TSX VENTURE:KUB) is an [...]
HOUSTON, TEXAS--(Marketwired - Feb 8, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that its wholly-owned subsidiary, Gastek LLC ("Gastek"), and Resano Trading Ltd ("Resano") completed their transaction today, resulting in Gastek receiving an additional 5% ownership interest in KUBGAS Holdings Limited ("KUBGAS"). Resano is an affiliate of Burisma Group, the leading independent oil & gas [...]
HOUSTON, TEXAS--(Marketwired - Feb 4, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) provides the following update for its operations for the fourth quarter of 2015. This update includes ongoing operations from KUB-Gas LLC ("KUB-Gas"), which Cub has a 30% ownership interest, and Tysagaz LLC ("Tysagaz"), Cub's 100% owned subsidiary. Fourth Quarter Production and Realized Prices Average production for [...]
HOUSTON, TEXAS--(Marketwired - Feb 1, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that pursuant to a letter agreement between the Company's wholly-owned subsidiary, Gastek LLC ("Gastek"), and Resano Trading Ltd ("Resano"), Gastek has revoked its notice to exercise its right of first refusal announced on January 6, 2016, to purchase the remaining 70% of KUBGAS Holdings Limited ("KUBGAS [...]
HOUSTON, TEXAS--(Marketwired - Jan 7, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) responds to Serinus Energy Inc.'s ("Serinus") news release earlier today, questioning the validity of Gastek LLC's (Cub's wholly-owned subsidiary) right of first refusal ("ROFR") notice. The Company stands behind its ROFR notice, which was provided to Serinus in accordance with the terms of the parties' Shareholders [...]
HOUSTON, TEXAS--(Marketwired - Jan 6, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that its wholly-owned subsidiary, Gastek LLC ("Gastek"), has exercised its right of first refusal to acquire from Serinus Energy Inc. the remaining 70% of KUBGAS Holdings Limited ("KUBGAS") held by Serinus. Cub, through Gastek, currently holds the other 30% of KUBGAS. KUBGAS holds a 100% interest in KUB-Gas [...]
HOUSTON, TEXAS--(Marketwired - Jan 4, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) comments on the newly enacted law reducing gas royalties in Ukraine. On Thursday, December 31, 2015, Ukraine President Petro Poroshenko signed a new law reversing the increase of royalties on natural gas production put into place 16 months ago on August 1, 2014. Effective January 1, 2016, royalty rates are reduced from [...]
HOUSTON, TEXAS--(Marketwired - Nov 12, 2015) - 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 third quarter of 2015. 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 interest [...]
HOUSTON, TEXAS--(Marketwired - Oct 19, 2015) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) provides the following update for its operations for the third quarter of 2015. This update includes ongoing operations from KUB-Gas LLC ("KUB-Gas"), which Cub has a 30% ownership interest, and Tysagaz LLC ("Tysagaz"), Cub's 100% owned subsidiary. Third Quarter Production and Realized Prices Average production for the [...]
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