Exploration & Production
Cub Spins Bit at O-24 Exploration Well Onshore Ukraine
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Cub Energy Inc. has reported that the Olgovskoye-24 (O-24) exploration well has commenced drilling.
The O-24 well is operated by KUB-Gas LLC, a partially-owned subsidiary in which Cub has a 30% effective ownership interest through its 30% shareholding of KUBGas Holdings Limited.
Olgovskoye-24 WellThe O-24 well will be drilled as a directional well with a planned total measured depth of 2,450 metres. The well is located approximately one kilometre west of the Company's Olgovskoye-12 (O-12) and will be drilled with the KUB-Gas owned K-200 drilling rig. The O-24 well is expected to take approximately 70 days to reach total depth.
The primary objective of O-24 is to further develop the Bashkirian age B6 pool discovered by the O-12 well in the third quarter of 2011. The B6 zone, which was…
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