Edition:
United States

Cub Energy Inc (KUB.V)

KUB.V on TSX Venture Exchange

0.05CAD
--
Change (% chg)

-- (--)
Prev Close
$0.05
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
521,509
52-wk High
$0.08
52-wk Low
$0.01

Latest Key Developments (Source: Significant Developments)

Cub Energy says year-end 2016 total proved plus probable reserves natural gas 11,599 mmcf
Wednesday, 22 Mar 2017 04:00pm EDT 

Cub Energy Inc : Cub Energy Inc - year-end 2016 total proved plus probable reserves natural gas 11,599 mmcf .Cub Energy Inc - year-end 2016 total proved plus probable NGL's 45 mbbls.  Full Article

Cub Energy Inc announces new 20-year production licence with expanded acreage
Wednesday, 28 Dec 2016 09:15am EST 

Cub Energy Inc : New production licence replaces previously issued five-year special permit for exploration, which expired on December 25, 2015 . To fund exploration and development on the licence,co exploring its alternatives, including potential joint venture partners . Cub Energy Inc announces new 20-year production licence with expanded acreage .Unit has been granted a new production licence with additional acreage in western Ukraine.  Full Article

Cub Energy Inc announces Q3 2016 financial and operational results
Wednesday, 16 Nov 2016 04:05pm EST 

Cub Energy Inc : Cub Energy Inc announces Q3 2016 financial and operational results . Production averaged 1,171 boe/d (98% natural gas) for quarter ended September 30, 2016, down 13% .Q3 earnings per share $0.01.  Full Article

Cub Energy says Q2 production averaged 1,185 boe/d
Tuesday, 23 Aug 2016 07:01pm EDT 

Cub Energy Inc : Announces Q2 2016 financial and operational results . Qtrly earnings per share $0.00 .Production averaged 1,185 boe/d for quarter ended June 30 compared to 1,414 boe/d in comparative 2015 quarter.  Full Article

Cub Energy Inc posts quarterly EPS of $0.00
Tuesday, 24 May 2016 04:45pm EDT 

Cub Energy Inc : Production averaged 1,644 boe/d for quarter ended march 31, 2016, which is flat compared to 1,644 boe/d in comparative 2015 quarter . Qtrly earnings per share $0.00 . Company is evaluating 2016 work programs in light of recently reduced royalty rate of 29 pct effective January 1, 2016 . May not have sufficient cash to continue exploration and development activities . Says continues to explore solutions to gas blending contract at RK field at Tysagaz . Says company hopes to resume production at RK field in July 2016 . Uncertainty about sufficient cash to continue exploration, development activities creates doubt about ability to continue as going concern .Announces Q1 2016 financial and operational results.  Full Article

Cub Energy Inc executes agreement to increase ownership interest in KUBGAS Up to 40%
Monday, 1 Feb 2016 07:30am EST 

Cub Energy Inc:Gastek revoked its notice to exercise right of first refusal to purchase the remaining 70% of kubgas holdings held by serinus energy inc.Says in return for the revocation notice, Gastek can earn up to an additional 10% ownership interest in kubgas.  Full Article

Cub Energy Inc announces new licence granted in Eastern Ukraine
Monday, 8 Jun 2015 07:30am EDT 

Cub Energy Inc:Granted a new exploration and production licence in eastern Ukraine, covering 449 km2 (approximately 111,000 acres). Cub has a 30% ownership interest in KUB-Gas.Says West Olgovskoye block was awarded to KUB-Gas Borova LLC (a newly incorporated subsidiary of KUB-Gas) by way of a Special Permit by the State Service of Geology and Mineral Resources of Ukraine.Term of this new Special Permit is for 20 years with the right to a 20-year extension, during which KUB-Gas will be allowed to conduct both exploration and production activities.There are work commitments of 202.3 million hryvnia or approximately $9.6 million at the current exchange rate of 21 UAH/USD.Says these requirements include geological studies, seismic acquisition and processing, and drilling and completion operations.Says all of the work programs are expected to be funded by KUB-Gas's internal cash flow.Although there are several shorter intermediate deadlines, almost 90% of the total required spending is scheduled for between 2018 and 2020.Geological studies and interpretation will commence immediately, and KUB-Gas anticipates mobilizing a seismic crew for new data acquisition in the fourth quarter of 2015.  Full Article

More From Around the Web

BRIEF-Cub Energy says year-end 2016 total proved plus probable reserves natural gas 11,599 mmcf

* Cub Energy Inc - year-end 2016 total proved plus probable reserves natural gas 11,599 mmcf