HOUSTON, TEXAS--(Marketwired - Sep 4, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) today announced, subject to regulatory approval, it has appointed Mr. Richard "Dick" K. Stoneburner as a director of the Company. Mr. Stoneburner formerly served as President of the North America Shale Production Division for BHP Billiton and as President and Chief Operating Officer for Petrohawk Energy Corporation [...]
HOUSTON, TEXAS--(Marketwired - Sep 3, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that the Yolduzu-1 ("Y-1") exploration well, in which Cub has the right to earn a 50% working interest, has commenced drilling on the Besni Licence in Southeast Turkey. Yolduzu-1 Well The Y-1 well is the first well for Cub to drill with its joint-venture partner in Turkey, Calik Petrol. With a planned total [...]
HOUSTON, TEXAS--(Marketwired - Aug 28, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announced today, subject to regulatory approval, it has appointed Rebecca Gottsegen, as General Counsel, Corporate Secretary and Chief Compliance Officer. Mikhail Afendikov, Chairman and CEO commented, "Compliance management and corporate governance are high priorities to the Company and Ms. Gottsegen's experience [...]
HOUSTON, TEXAS--(Marketwired - Aug 26, 2013) - 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 and six months ended June 30, 2013. Cub's complete quarterly reporting package, including the unaudited interim financial statements and associated Management's Discussion and [...]
HOUSTON, TEXAS--(Marketwired - Aug 19, 2013) - Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) announces that the Olgovskoye-24 ("O-24") exploration well has commenced drilling. The O-24 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-24 Well The O-24 well will be [...]
HOUSTON, TEXAS--(Marketwired - Jul 31, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), an upstream oil and gas company, announced today that an open-hole test of the North Makeevskoye-3 ("NM-3") exploration well recovered oil and gas from Visean-aged rock formations underlying the North Makeevskoye Exploration Licence, which lies along the south-eastern Dnieper-Donetsk Basin. The NM-3 well is operated [...]
HOUSTON, TEXAS--(Marketwired - Jul 24, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) reports that the Board of Directors has granted options to acquire an aggregate of 17,855,000 common shares of Cub to directors, officers, employees and consultants of the Company in accordance with the Company's stock option plan. Each optionee, on a pro rata basis, will be entitled to exercise 25% of the options [...]
HOUSTON, TEXAS -- (Marketwired) -- 07/03/13 -- Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE: KUB) announces a discovery at the Olgovskoye Production Licence. The Olgovskoye-15 ("O-15") well tested the S5 zone in the Serpukhovian aged reservoir at a maximum flow rate of 1.5 million cubic feet per day ("MMcf/d"). The O-15 well is operated by KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a [...]
HOUSTON, TEXAS -- (Marketwired) -- 07/02/13 -- Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE: KUB) announces that Bob Spring has been appointed to the position of Vice-President, Exploration. Mr. Spring most recently served as Chief Executive Officer of Anatolia Energy and has over 29 years of experience in oil and gas exploration and geo-science technologies. Mr. Spring will oversee the exploration operations [...]
Cub Energy and Anatolia Energy are pleased to announce that they have completed their previously announced business combination whereby Cub acquired all of 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.
On Monday, June 24, 2013, the Arrangement was approved at a special shareholder meeting of Anatolia [...]
Cub Energy announces that James Pavitt has informed the Board that he is unable to serve as a director of the Company. "We respect his decision and wish him well," said Mr. Mikhail Afendikov, Chairman and CEO.
Cub Energy, a Black Sea region-focused upstream oil and gas company, today announced that it has reached record production levels with the tie-in of the Makeevskoye-16 ("M-16") well in Eastern Ukraine. The well is operated by KUB-Gas LLC, a partially-owned subsidiary in which Cub has a 30% effective ownership interest.