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 [...]
HOUSTON, TEXAS--(Marketwired - Aug 13, 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 second 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 - Jul 29, 2015) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) provides the following update for its operations for the second 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. First Quarter Production and Realized Prices Average production for [...]
HOUSTON, TEXAS--(Marketwired - Jun 8, 2015) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB) announces that KUB-Gas LLC ("KUB-Gas"), has been granted a new exploration and production licence in eastern Ukraine, covering 449 km2 (approximately 111,000 acres). Cub has a 30% ownership interest in KUB-Gas. The West Olgovskoye block was awarded to KUB-Gas Borova LLC (a newly incorporated subsidiary of KUB-Gas) by [...]
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