Exploration & Production | Top Story | Quarterly / Earnings Reports
Cub's Frac Ops in Ukraine Continue to Spur Growth
Print
|
Cub Energy Inc. has reported its financial and operating results for the three and nine months ended September 30, 2013.
All dollar amounts are expressed in United States dollars.
In the third quarter 2013, Cub realised its sixth consecutive quarter of production growth and the Company is currently at record production of approximately 1,690 barrels of oil equivalent per day.
Operational Highlights Third quarter average production of 1,513 boe/d for an increase of 24% in the same period of 2012; Achieved an average natural gas price of $11.57/Mcf and condensate price of $92.80/bbl for the nine months ended September 30, 2013; A new pool gas discovery on the Makeevskoye Licence (KUB-Gas) in the Serpukhovian zone with the M-16 well; Tested gas on the Olgovskoye Licence (KUB-Gas) with the…Finish this article — free account or subscription
- ✓ 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
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in