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Cub Energy Plans Enhancement, Seismic Projects for Ukrainian Leases

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Cub Energy Plans Enhancement, Seismic Projects for Ukrainian Leases

Cub Energy Inc. has reported an update on its Ukrainian drilling operations as well as detailed its upcoming seismic acquisition and frac stimulation campaigns.

Rusko-Komarovske Licence (Western Ukraine)

The Company is in the final stages of the drilling rig selection process and contract negotiations to drill the Rusko-Koarovske-22 (RK-22) well. The rig is expected to mobilise in late September 2013 and the Company expects to spud the RK-22 by mid-October 2013. Cub is the 100% owner and operation on the RK Licence.

Seismic Acquisition Campaign

The company is in the process of acquiring and interpreting a total of 167.6 km2 of full fold 3D seismic on its three TGI licences acquired in 1H 2013. Seismic has been shot on the Kryakovskaya Field and interpretation is in process (35 km2)…

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