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Cub Energy Inc. Drills First RK Well

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Cub Energy Inc. Drills First RK Well

Cub Energy Inc. announces it has commenced drilling of the Rusko-Komarovske-22 development well on the Rusko-Komarovske licence in western Ukraine.

Cub is the owner and operator of the RK-22 and has a 100% working interest in the RK licence.

RK-22 Well

The RK-22 well is the first well for Cub to drill on the RK licence and has a planned total depth of 1,900 metres. The main objective of the RK-22 well is to target the middle Miocene Lukovskaya, Dorobratovskaya and Badenian sands, which are locally referred to as the L-1, L-2, D-1 through D-5 and B-1 through B-5 sands as seen in the Company's RK-2 and RK-6 legacy wells.

The RK-22 location is approximately 640 metres northwest of the RK-2 well and was identified by 3-D seismic acquired by Cub in early 2013. The Company has contracted with…

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