Cub Energy Inc. (TSX-V: KUB) is a Black Sea Region-focused upstream oil and gas company with 244,000 gross acres (180,000 net) in 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 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 the Black Sea Region.
Current as of Wed Apr 16, 2014
The company currently holds twenty-three oil and gas licences in Ukraine and Turkey, with a combined production of approximately 2,070 boe/d.
With substantial under-developed conventional proven reserves, Cub Energy’s portfolio of assets offer extensive exploration upside.
Cub Energy has 311,746,285 basic shares.
The company’s market cap is $46,761,942.75.