KeyfactsEnergy

Cub Energy

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Cub Energy Inc.
5120 Woodway Ste. 10010
Houston, TX 77056
USA

Tel: +1 713 677 0439

Kyiv Office
33-B, blv Shevchenko, 14th Floor
Europa Plaza
Kyiv, Ukraine, 01032

Tel: +380 44 594 4810

Description

Cub Energy has 311,000 gross acres (142,000 net) in two prospective basins in Ukraine. Ukraine has an attractive pricing environment for natural gas.

The Company is focused on growing its acreage position in strategic basins in Ukraine. Cub aims to develop this asset portfolio to take advantage of natural gas prices by utilising its technological advantage: applying western equipment and expertise to prospective, yet under-explored basins.

2019 year-end reserves

Proved developed producing oil and natural gas net reserves of 226 thousand barrels of oil equivalent or 1,358 million cubic feet of gas equivalent
Proved (“1P”) oil and natural gas net reserves of 369 Mboe or 2,211 MMcfe
Proved and probable (“2P”) oil and natural gas net reserves of 675 Mboe or 4,014 MMcfe

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