• Cub Energy Inc. ( TSX: KUB )

Latest News & Activity




Deals - Cub Energy Inc. Acquisitions


Announce Date Price($MM) Region/Basin Headline
Apr-26-2013   Cub, Anatolia Seal Merger Deal; Eye Turkish, Ukrainian Targets
Mar-08-2013   Cub Acquires Ukrainian-Focused Private Co.
Total
More Deals...


Deals - Cub Energy Inc. Divestiture(s)


Announce Date Price($MM) Region/Basin Headline
Jul-11-2016 Europe  Cub, Nafta International to Jointly Develop Ukrainian Uhzgorod License
Total
More Deals...


About


 

Cub Energy Inc is a Ukraine-focused upstream oil and gas company with 110,000 net acres, in nine exploration and production licences, in the two major producing basins within Ukraine Cub’s strategy is to use western technology and capital, combined with local expertise to create value in its undeveloped land base, building a portfolio of high-margin producing oil and gas assets

5120 Woodway Drive
 Suite 10010
 Houston Texas 77056
Phone Number
713 677 0439






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 Company Divestiture

Announce Date Buyer$MMTypePlay/LocationDetails
Jul-11-2016 JV Ukraine Shale 


 Company Acquisitions

Announce DateSeller$MMTypePlay/LocationDetails
Apr-26-2013 Corporate Turkey/Dadas,Ukraine Shale 
Mar-08-2013 Corporate Ukraine Shale 
No Results found

Cub Awarded E&P License in Eastern Ukraine

June 08,2015
The term of this new Special Permit is for 20 years with the right to a 20-year extension, during which KUB-Gas will be allowed to conduct both exploration and production activities.

Govt. Legislation Dampens Cub's Ukrainian Production Capacity

May 14,2015
First quarter production in Ukraine continued to be below capacity due to the lingering effects of government legislation attempting to reserve a large share of the natural gas market.

Cub Decreases Production; Updates Ukraine Drilling Ops, Legislation

April 14,2015
Average production for the first quarter was approximately 1,654 boe/d (Cub WI), representing a 21.7% decrease from 2,112 boe/d in the fourth quarter.

Cub Tags 1,995 BOE/d in Production; Talks Suspended Drilling

March 19,2015
The Company is also re-evaluating its future capital programs on its 100% owned and operated Tysagaz assets in light of the recent changes in royalty rates and the temporary cross-border dividend restriction.

Cub Ups Production, Preps to Drill Well Targeting L Sands

October 10,2014
Average production for the third quarter was 2,174 barrels of oil equivalent per day (including Cub's WI in KUB-Gas), representing a 16% increase from 2Q.

Cub Resumes Ukrainian Drilling as Security Improves

October 02,2014
Cub Energy Inc. has reported that the security situation in and around the Makeevskoye, Olgovskoye and North Makeevskoye licences in eastern Ukraine has improved.

Despite Ukrainian Unrest, Cub Ups Production in 2Q

July 17,2014
Average production for the second quarter was 1,868 barrels of oil equivalent per day (including Cub's WI in KUB-Gas), up from 1,857 boe/d in the first quarter.

Cub Energy Hits 36 MMcf/d Milestone; Suspends Ukrainian Ops

June 27,2014
While gas production will continue to climb, the company has suspended operations due to the conflicts in eastern Ukraine.

Cub Begins NM-4 Drill Ops at Makeevskoye License

June 18,2014
If NM-4 is successful, it will strengthen the chances of success on two more fault blocks within the same channel system.

Cub Wraps Up Production Testing at M-17 Well

June 11,2014
The M-17 well is operated by KUB-Gas LLC, a partially-owned subsidiary in which Cub has a 30% effective ownership interest.

Cub's Ukrainian RK-21 Well Tests at 2.6 MMcf/d

May 15,2014
The RK-21 well location was identified by 3-D seismic acquired by Cub in 2013 and is the second well drilled by Cub on the RK licence.

Cub Energy Details M-17 Well Test Results; Plans Dual Completion

May 06,2014
Cub plans to perform a dual completion on the M-17 as a producer in the S6 and S7 zones, with the S7 producing unstimulated.

Cub Hits TD at RK-21 Well; IDs Multiple Gas Bearing Zones

April 24,2014
The RK-21 well is operated by Cub's wholly-owned subsidiary, JSC Tysagaz.

Cub Spins Bit at O-11 Development Well Onshore Ukraine

April 07,2014
The well will be drilled with the KUB-Gas owned K-200 drilling rig and the Company expects that both zones targeted in the O-11 will require fracture stimulation.

Cub Energy; Ukraine Unrest May Cause Future Operational Constraints

March 28,2014
In 2014, the Company will continue its drilling operations on the RK-21 well on its 100% owned Tysagaz assets in western Ukraine.

Cub's M-17 Well Reaches New Gas Pool; O-24 Well Hits Three Zones

March 19,2014
The operator, KUB-Gas LLC is now preparing to complete, test and tie in M-17.

Cub Energy Initiates Drilling at RK-21 Well Onshore Ukraine

March 17,2014
The RK-21 well is operated by Cub's wholly-owned subsidiary, JSC Tysagaz.

Cub, Calik Enerji End Turkish Shale Joint Venture

March 14,2014
Pursuant to the settlement agreement, Cub divested all the Turkish licences in the JV and is released from any further liabilities and claims with respect to the Turkish licences.

Cub Energy Exits 2013 with 2,070 BOE/d in Production

January 13,2014
This represents a 35% increase over the company's 2012 exit rate.

Cub Energy Earmarks 2014 Budget; Talks Well Plans

January 13,2014
Cub Energy Inc. has detailed its 2014 capital budget and development plans.