Cub Energy, a Black Sea region-focused upstream oil and gas company, announced today that it completed the acquisition of a private Ukrainian oil and gas exploration company initially announced on March 8, 2013. The acquisition is subject to an escrow that will be lifted on routine delivery of certain documents, expected to occur within days. The assets of the acquired company consist of approximately 70,000 gross acres [...]
Cub Energy, an upstream oil and gas company, announced today that it has commenced drilling the North Makeevskoye-3 ("NM-3") exploration well. The NM-3 well is operated by KUB-Gas, a partially-owned subsidiary in which Cub has a 30% effective ownership interest.
Cub Energy a Black Sea region-focused upstream oil and gas company, announced today the following results from the Annual General Meeting of Shareholders held in Toronto, Ontario on May 29, 2013: Collins Barrow LLP were re-appointed as the Company's auditors for 2013; All present members of Cub's Board of Directors were re-elected. Cub's Board of Directors is composed of the following members:
Cub Energy a Black Sea region-focused upstream oil and gas company, announced today the filing of its unaudited interim financial and operating results for the three months ended March 31, 2013. Cub filed its first quarter operating and financial results on May 29, 2013 on SEDAR and has posted them on its website at www.cubenergyinc.com. All currency references in this press release are in US dollars except as otherwise [...]
Cub Energy, an upstream oil and gas company, announces the Olgovskoye-15 ("O-15") well has been cased to a total measured depth of 3,246 metres as a potential gas well. The Company has identified four potential gas zones with an aggregate thickness of twenty-three metres. The O-15 well is operated by KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a 30% ownership interest.
Cub Energy today announced that it has retained The Capital Lab to advise and support the Company with its investor communications and marketing efforts. The Capital Lab will assist with a variety of investor relations activities and projects. The Capital Lab has been retained for a period commencing May 1, 2013 and ending on May 1, 2014. Following the initial three-month period, the agreement may be terminated by either [...]
Cub Energy and Anatolia Energy are pleased to announce that they have entered into an arrangement agreement providing for the acquisition by Cub of all 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.
Cub Energy a Ukraine-focused upstream oil and gas company, reports its audited financial and operating results for the year ended 31 December 2012. The Company's complete annual reporting package including audited annual financial statements, associated Management's Discussion and Analysis and the 2012 Annual Information Form, have been filed on SEDAR and posted on the Company's website.
Cub Energy, announces the Makeevskoye-16 ("M-16") well has tested significant volumes of natural gas from a new pool gas discovery on the Makeevskoye Licence in Ukraine. The M-16 well tested gas from the S5 zone at more than 4.3 million cubic feet per day ("MMcf/d"). The M-16 is operated by KUB-Gas, a partially-owned subsidiary in which Cub has a 30% ownership interest.