HOUSTON, TEXAS--(Marketwired - Aug 8, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that KUB-Gas LLC ("KUB-Gas"), Cub's 35%-owned subsidiary which owns and operates the eastern Ukraine licences, has commenced drilling of the Makeevskoye-23 ("M-23") well. The M-23 well is planned to a total depth of 2,550 metres with multiple objectives. The M-23 well will be funded through existing KUB-Gas [...]
HOUSTON, TEXAS--(Marketwired - Jul 8, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that it has entered into a share purchase agreement ("SPA") and Shareholders' Agreement ("SHA") with NAFTA INTERNATIONAL B.V. ("NAFTA"), whereby NAFTA earns a 50% interest in the Company's newly formed subsidiary, CNG Holdings Netherlands B.V. ("CNG"), which, in turn, owns CNG LLC (Ukraine LLC), 100% owner of [...]
HOUSTON, TEXAS--(Marketwired - May 24, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), a Ukraine-focused upstream oil and gas company, announced today its unaudited interim financial and operating results for the first quarter of 2016. All dollar amounts are expressed in United States Dollars. This update includes results from KUB-Gas LLC ("KUB-Gas"), which Cub has a 35% equity ownership interest [...]
HOUSTON, TEXAS--(Marketwired - May 17, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces today the following results from the Annual General Meeting of Shareholders ("AGM") held at Cub's Houston, Texas office on May 17, 2016: Davidson & Company LLP -- was appointed as the Company's auditors for 2016 The number of Directors to be elected to Cub's Board was set at three Re-election of Cub's Board [...]
HOUSTON, TEXAS--(Marketwired - Apr 28, 2016) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) provides the following update for its operations for the first quarter of 2016. This update includes ongoing operations from KUB-Gas LLC ("KUB-Gas"), which Cub has a 35%-ownership interest (increased from 30% effective February 8, 2016), and Tysagaz LLC ("Tysagaz"), Cub's 100%-owned subsidiary. First Quarter [...]
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 [...]