Black Sea Focus Ukraine BELARUS POLAND Kiev Ukraine has one of the most energy intensive economies in the world with unmet demand UKRAINE SLOVAKIA An estimated 39 Tcf(1) of proven gas reserves remain in the country, Hungary…
Establishing a Strong Presence in the Black Sea Region Regional pricing dynamics are excellent 2013 average sales price of 11.26/Mcf and a corporate netback of 6.84/Mcfe(1) Q3 2014 average sales price of 10.16/Mcf and a corporate…
Consistently Growing Production Net Production (boe/d) 2,218 2,070 RK Field 1,531 M Field O Field 2012 Exit 2013 Exit 2014 Current 5
Board of Directors Mikhail Afendikov Founder & CEO of Gastek LLC. and former CEO of KUB-Gas Chairman & CEO Over 20 years of experience in oil and gas, mining, shipping and financial markets Founder and partner in several resource…
Experienced In-Country Leadership Mikhail Afendikov Founder & CEO of Gastek LLC. and former CEO of KUB-Gas Executive Chairman & CEO Over 20 years of experience in oil and gas, mining, shipping and financial markets Founder and partner…
Capital Structure Capital Structure Millions (unless noted) Share price (CAD) (as of September 30, 2014) 0.08/sh Shares Outstanding 311.7 Options 21.5 Warrants 9.2 Fully Diluted Shares Outstanding 342.4 Market Capitalization (CAD)…
Western Ukraine Transcarpathian Sedimentary Basin 1 U Field RK Field S Field KR Field Transcarpathian Sedimentary Basin 4 licenses 100% owned by Cub 82,000 gross acres Growth focus for 2014 10
RK Field Western Ukraine Transcarpathian Sedimentary Basin RK Field: Asset Overview W.I. Rusko-Komarovske (RK) field 100% owned by Cub U Field Operator Cub RK Field Contract 20 year special production permit (expires 2030) S Field…
Stanavo Field Western Ukraine Transcarpathian Sedimentary Basin S Field: Asset Overview W.I. Stanovo (S) field 100% owned by Cub U Field Operator Cub RK Field Contract 5 year exploration permit (expires December 2015) S Field…
Eastern Ukraine Dnieper-Donets Sedimentary Basin Southeast Basin, Turkey 3 NM Field O Field M Field OS Field EV Field KR Field Legend: K Field 100% WI V Field 30% WI JV Dnieper-Donets Sedimentary Basin 5…
M Field Eastern Ukraine M Field: Asset Overview W.I. (M) field 30% owned by Cub Best case GIIP 40.4bcf Operator Kub-Gas Contract 20 year special production permit (expires 2032) Production 21.0 MMcf/d gross (6.3 MMcf/d net) Area 18,000…
O Field Eastern Ukraine O Field: Asset Overview Best case W.I. Olgovskoye (O) field 30% owned by Cub O-24 1 GIIP 32.7bcf Operator Kub-Gas O-15 1 Contract 20 year special production permit (expires 2032) Production 11.7 MMcf/d…
O Field - Hydraulic Fracture Present and Future R30c Producers O-4,O-5, O-6 & O-8 Noncommercial Prior to Fracture Stimulation O-24 O-4 Currently Fractured Producing O-24 Future Scheduled Fracture O-4 O-11 New Drill scheduled…
M-Field - Review S-6 Structure M-17: Summary Dual completion Candidate Results: (40m of net gas pay) R30c: 22m gas/water M-17 S5: 2.5m gas S6: 10m gas Tested 6.6 MMcf/D 22.1 Mpa on M-16 8mm choke M-22 M-15 Complete in S-6…
Cub Energy Hydraulic Fracturing Results Two wells noncommercial prior to Fracture Stimulation (O-6 & O-8) Two wells recompleted in previously noncommercial interval after Fracture Stimulation (O-4 & O-5) 2500 2000 O 6 Frac…
O-6 Vertical Well in Ukraine - Hydraulic Frac, Single Stage, 25 Tonnes Proppant The Blender: M-60 capable of 8 m3/min 06 Well Head 3 x 2250 bhp Belarus pump unit - 2250 bhp 19
New Technology Developed in USA Tight Gas and Oil Production Through Horizontal Drilling and Multi-Storage Hydraulic Fracs Bakken Frac - Haynesville Shale US =US Eagle Ford Shale-US Eagle Ford Shale- US 20
Asset Description Field W.I. Stage Product Royalty Income Tax Ukraine Dneiper-Donets Basin O 30%* Production Gas 28%/55%* 18% M 30%* Production Gas K 30%* Production Gas V 30%* Production Gas NM 30%* Exploration Gas…
Recent Developments Eastern Ukraine Field operations resumed in the east in October 2014 after temporary suspension; Production was largely unaffected Work program and production on the western assets were unaffected…
Cub Energy Inc. 5120 Woodway Drive Suite 10010 Houston, Texas 77056 Patrick McGrath Chief Financial Officer Tel: +1.713.577.1948 Email: patrick.mcgrathcubenergyinc.com Mikhail Afendikov Chief Executive Officer TSX-V: KUB Tel:…
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