Exploration & Production | Drilling & Completions
Cub Plans Ukraine Expansion; Details M-16 Progress
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Cub Energy Inc. has reported an update on its operational activities on the Rusko-Komarovske (RK) licence and the Makeevskoye-16 (M-16) well in Ukraine.
Rusko-Komarovske Licence (Western Ukraine)The Company is in the process of acquiring the necessary permits for the drilling of its initial well, the RK-22, on Cub's 100% owned and operated Rusko-Komarovske licence. The Company plans to spud the RK-22 well in mid-May 2013.
Makeevskoye-16 Well (Eastern Ukraine)The M-16 well (see notes), which reached a total depth (TD) of 4,300 meters on 28 November 2012, and was perforated in the S-13 zone over the gross interval 3684 to 3707 meters on March 2, 2013.
After the well was perforated a slight blow too small to measure was observed at the surface and the well was left open to the flare pit…
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