Cub Energy Inc. (TSX-V: KUB) is a Ukraine-focused upstream oil and gas company with 110,000 net acres, in nine exploration and production licences, in the two major producing basins within Ukraine. Cub’s strategy is to use western technology and capital, combined with local expertise to create value in its undeveloped land base, building a portfolio of high-margin producing oil and gas assets.
Cub’s success is a testament to the combination of local expertise, ownership and management successfully applying modern technology, and best practices in operations to deliver annual growth in its current portfolio of high-margin gas production assets in Ukraine.
Current as of Fri May 17, 2013
The company currently holds nine oil and gas leases, with a combined production of approximately 1,550 boe/d. These assets have proven reserves of 4.4 million boe.
With substantial under-developed conventional proven reserves, Cub Energy’s portfolio of assets offer extensive exploration upside.
Cub Energy has 242,298,551 basic shares.
The company’s market cap is $62,997,623.26.