Key Wells | Production Rates | Forecast - Production | Drilling Program
Cub Energy Awaits Government Royalty Reduction in Ukraine
Print
|
Cub Energy Inc. has provided 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.
OutlookCub is re-evaluating its future capital programs on its 100% owned and operated Tysagaz assets in light of the proposed reduction of royalty rates which are subject to parliamentary approval. At present, the Company is considering several workovers in late 2015 or early 2016.
KUB-Gas may consider additional capital expenditures on development projects during the balance of 2015, subject to keeping such expenditures within operating cash flow and no further material adverse changes in either the fiscal terms or the…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations