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Transcarpathian Basin

The Transcarpathian basin means the approximate 7,500 km2 region located in Western Ukraine bordering Hungary, Slovakia and Romania. The basin is estimated to have 4 Tcf of natural gas which, to date, remains vastly underexplored with only approximately three percent of the region’s hydrocarbon potential discovered. Cub Energy has a 100% working interest in two licences and a 50% working interest in the third licence for a total of 108,000 gross acres (net 70,500 acres).

Cub Energy is well served by transport infrastructure in the area and owns two gas processing facilities, one on the RK field and one on the Stanivske field.

RK - 21

Licence Summary

Licence Cub Interest Type Gross Area
Rusko-Komarivske (RK) 100% Production licence 2,000 acres
Stanivske 100% Production licence 31,000 acres
Uzhgorod 50% Production licence 75,000 acres

[+] Transcarpathian Basin 

RK FIELD (100% working interest)

The RK field has a 20-year production permit with proven commercial production from several proven reservoirs. The field was subject to recent 3D seismic programs which culminated in several recent successful development wells. The RK field accounts for all of Cub Energy’s production in western Ukraine and most of its capital expenditures. The field currently has its own processing facility.

UZHGOROD FIELD (50% working interest)

The Uzhgorod field covers a large area and is on trend with the discoveries in the Republic of Slovakia, which adjoins the licence on the west. In 2013, Cub acquired 35 km of 2D seismic data which has identified several leads. In 2016, Cub partnered with a Slovakian E&P company to advance the field.

STANIVSKE FIELD (100% working interest)

The Stanivske field has been evaluated through numerous stratigraphic tests and exploration wells. Several historical wells encountered gas, one of the more significant being a blowout at Makarevo-2. Cub recently acquired and interpreted 45 km2 of 3D seismic and is evaluating plans to drill on the field.