HOUSTON, TEXAS--(Marketwired - May 15, 2014) - 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 months ended March 31, 2014. All dollar amounts are expressed in United States dollars. In the first quarter of 2014, Cub achieved several key accomplishments including its [...]
HOUSTON, TEXAS--(Marketwired - May 15, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces the Rusko-Komarovske-21 ("RK-21") development well, on the Rusko-Komarovske ("RK") licence, in western Ukraine has tested gas at a maximum rate flow rate of 2.6 million cubic feet per day ("MMcf/d") through a 12-millimetre choke. Cub is the owner and operator of the RK-21 well and has a 100% working [...]
HOUSTON, TEXAS--(Marketwired - May 6, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) a Black Sea region-focused upstream oil and gas company, announces that the S7 zone in the Makeevskoye-17 ("M-17") well tested gas at a rate of over 0.9 million cubic feet per day ("MMcf/d") through a seven millimetre choke. The M-17 well is operated by KUB-Gas LLC, a partially-owned subsidiary in which Cub has a 30 [...]
HOUSTON, TEXAS--(Marketwired - Apr 24, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) provides an operational update and announces the Rusko-Komarovske-21 ("RK-21") development well on the Rusko-Komarovske ("RK") licence in western Ukraine has reached a total measured depth ("TMD") of 1,818 metres and has been cased to TMD with multiple potential gas bearing zones identified. The RK-21 well is [...]
HOUSTON, TEXAS--(Marketwired - Apr 7, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that the Olgovskoye-11 ("O-11") development well has commenced drilling. The O-11 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-11 Well The O-11 well will be [...]
Year-End Proved Plus Probable Reserves PV 10% of $151 Million HOUSTON, TEXAS--(Marketwired - Mar 26, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces the results of its independent reserves evaluation as at December 31, 2013 on its oil and gas properties. The evaluation was conducted by RPS Energy Consultants LLC ("RPS"), an independent qualified reserves evaluator and auditor, on the [...]
HOUSTON, TEXAS--(Marketwired - Mar 26, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), a Black Sea region-focused upstream oil and gas company, reports its audited financial and operating results for the year ended December 31, 2013. In 2013, Cub achieved several key accomplishments including record production volumes and revenue and operational success on the Company's 100% working interest [...]
HOUSTON, TEXAS--(Marketwired - Mar 19, 2014) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) a Black Sea region-focused upstream oil and gas company, announces that the Makeevskoye-17 ("M-17") exploration well has been cased to total depth ("TD") of 3,445 meters. The Olgovskoye-24 ("O-24") well has also produced gas during a test, and will be added to the inventory of wells to be stimulated in 2014. The [...]
HOUSTON, TEXAS--(Marketwired - Mar 17, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces it has commenced drilling of the Rusko-Komarovske-21 ("RK-21") development well on the Rusko-Komarovske ("RK") licence in western Ukraine. The RK-21 well is operated by Cub's wholly-owned subsidiary, JSC Tysagaz. RK-21 Well The RK-21 directional well is the second well for Cub to drill on the RK licence [...]
HOUSTON, TEXAS--(Marketwired - Mar 13, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that it and the Company's joint venture ("JV") partner in Turkey, Calik Petrol a subsidiary of Calik Enerji ("Calik"), have mutually agreed to end their partnership. Through its acquisition of Anatolia Energy Corp. in June of 2013, Cub acquired a 25% interest in the Bismil licence and pursuant to its JV [...]
HOUSTON, TEXAS--(Marketwired - Mar 12, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that KUB-Gas LLC ("KUB-Gas") has completed the construction and commissioning of its new Makeevskoye gas processing facility. The new facility supplements existing infrastructure, and increases KUB-Gas' overall processing capacity from 30 million cubic feet per day ("MMcf/d") to 68 MMcf/d. The Company [...]
HOUSTON, TEXAS--(Marketwired - Jan 13, 2014) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces fourth quarter operational update including the seventh consecutive quarter of production growth, record quarterly production and a 2013 exit rate of approximately 2,070 barrels of oil equivalent ("boe/d") (a 35% increase over the Company's 2012 exit rate). Fourth Quarter Update Average production from the [...]