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Old 08-28-2019, 11:45 AM   Nav to Top  #31
JonnyR512
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A lot of investors are still ignorant to the fact that Russia will be cutting off Ukraine's natural gas in 4 months. Don't have to be an economist to understand supply/demand metrics here and that prices will sky rocket in that country, making producers like Cub Energy extremely important.

https://www.rferl.org/a/kyiv-pursues.../30118706.html

Kyiv Pursues Additional Reverse Gas Flows In Preparation For Potential Russian Gas-Transit Cutoff

August 20, 2019 05:36 GMT

Ukraine's state-run gas-transport company, Ukrtransgaz, is preparing to open another reverse-flow point for the import of an additional 1.5 billion cubic meters (bcm) of natural gas by January 1 in anticipation of Russia halting gas transit through the country when their contract expires at the end of the year.

In an August 19 news release, pipeline operator Ukrtransgaz said the fuel will come from Romania via Ukraine's shared border with Moldova, where gas-metering stations will be upgraded on both sides to accommodate the expected volume of gas.

"For Ukraine and Moldova, this project is of strategic importance, because by diversifying the gas-supply routes, both states will increase their dependability and the uninterrupted supply of gas to their customers," Ukrtransgaz said.

The additional volume is the equivalent of 15 percent of last year's total imports.

However, the 50-kilometer stretch of the modernized gas line will cross Transdniester, Moldova's pro-Russian breakaway region. Ukrtransgaz didn't focus on the issue of Russia possibly interfering with this gas flow.

Since Ukraine's gas-transportation system is designed for output, pipelines need to be upgraded to open so-called reverse gas flows.

Ukraine already receives gas this way from Slovakia, Poland, and Hungary. Kyiv stopped importing gas from Russia in November 2015 after Moscow invaded Ukrainian territory and annexed its Crimean Peninsula the previous year.

Ukrtransgaz said it was currently in talks with its Romanian counterpart, SNTGN Tansgaz, as well as other countries to receive the gas from the Trans-Balkan pipeline.

In 2018, Ukraine imported 10.6 billion cubic meters of gas, or one-third of what the country consumed.

Fears that Russia's Gazprom will completely stop gas transit through Ukraine next year, when Moscow's Nord Stream 2 pipeline network goes online, are forcing Ukraine to store higher volumes of gas in underground storage facilities ahead of winter.

Ukrtransgaz operates 12 gas-storage facilities that have a total capacity of 31 bcm.

The company has completed upgrading five gas compressor stations that will allow them to pump gas from reservoirs in western Ukraine to eastern and southern Ukraine.

The pipeline operator is owned by state-run Naftogaz Group, a vertically-integrated oil and gas company.
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Old 09-16-2019, 09:50 AM   Nav to Top  #32
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Cub Energy's CNG begins drilling Uzhgorod-101 well

2019-09-16 06:29 MT - News Release


Mr. Patrick McGrath reports

CUB ENERGY ANNOUNCES SPUDDING OF FIRST OF THREE WELLS IN WESTERN UKRAINE

CNG LLC, Cub Energy Inc.'s 50-per-cent-owned subsidiary which owns and operates the western Ukraine Uzhgorod licence, has commenced drilling of the Uzhgorod-101 (U-101) well. This is the first well in a three-well drill program for which all costs will be borne 100% by our partner, NAFTA International B.V. ("NAFTA"). The average planned depth of the wells is in range from 1,500 to 1,900 metres to evaluate several prospective horizons identified by 3D seismic.

Mikhail Afendikov, Chairman and CEO of Cub said: "The spudding of the U-101 well is a major milestone for Cub. This is a cumulative effort between Cub and NAFTA as we performed 3D seismic, generated an inventory of prospects and are now executing with the drilling of our first exploratory well. These wells all qualify for the reduced 12% royalty."

The Uzhgorod licence encompasses approximately 75,000 gross acres. The licence adjoins Cub's 100%-owned producing RK field and is near the producing Ptruksa field located on the Slovakian side of the border.

About Cub Energy Inc.

Cub Energy Inc. (TSX-V: KUB) is an upstream oil and gas company, with a proven track record of exploration and production cost efficiency in Ukraine. The Company's strategy is to implement western technology and capital, combined with local expertise and ownership, to increase value in its undeveloped land base, creating and further building a portfolio of producing oil and gas assets within a high pricing environment.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.
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Old 09-18-2019, 11:16 AM   Nav to Top  #33
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Some interesting information I found today. Recently, large cap Canadian company Vermillion Energy purchased almost 600,000 acres of natural gas leases in Eastern Ukraine, right in the same region as Cub Energy: https://www.newswire.ca/news-release...816869944.html

Then I also saw on Vermillion Energy's website that they are partnered in Slovakia with NAFTA, the same partner KUB has right now, drilling the JV wells in the West.

In Slovakia, we have partnered with NAFTA, the country's dominant E&P in a farm-in arrangement which grants us a 50% working interest to jointly explore 490,000 acres across two licenses. In Ukraine, we have been awarded two exploration licenses in a 50/50 partnership with Ukrgazvydobuvannya ("UGV“), a Ukrainian state owned gas producer: https://www.vermilionenergy.com/our-...ern-europe.cfm

The point here is that Vermillion is likely to buy Cub Energy down the road for their production and large lease holdings.
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Old 09-19-2019, 07:55 PM   Nav to Top  #34
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https://ekonomika.sme.sk/c/22215680/...ska-plynu.html

Diesel began to look for new gas deposits in Ukraine

The depth of all three wells will be in the range of 1500 - 1900 meters.

18 Sep 2019 at 14:15 TASR

BRATISLAVA. Nafta has started exploration license and is looking for gas fields in western Ukraine.

Together with American company Cub Energy Inc. announced the launch of the first of three planned exploration wells under the Uzhgorod license.

Reducing dependence on imports

The depth of all three boreholes will be in the range of 1500 - 1900 meters, the company said on its website.

The Slovak company thus helps Ukraine to reduce its dependence on Russian gas imports.

Under the license Uzhhorod Nafta with Cub Energy conducted a 3D seismic survey over an area of ​​118 square kilometers. As a result, several prospective sites were identified.

"We consider working with Cub Energy Inc. to be a successful start to our foreign activities. We particularly appreciate that this partnership has given the opportunity to showcase our extensive experience in areas such as geology, bearing engineering and drilling," said Nafta CEO Martin Bartosovic.

Mining license

Cub Energy Inc. acquired a 20-year mining license in Uzhgorod covering an area of ​​approximately 300 square kilometers in March 2016.

Diesel, through its subsidiary Nafta International BV, entered the Ukrainian market after acquiring 50% of Uzhgorod license three months later.

Uzhgorod license is a geological continuation of already explored areas in eastern Slovakia and follows the trend of discovered deposits in Slovakia.

Nafta is the sixth largest operator of gas storage facilities in Europe and also a Slovak leader in the exploration and production of hydrocarbons.

The company is active in Central European countries and is present in the Czech Republic, Germany and Austria in addition to Slovakia and Ukraine .
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Old 09-20-2019, 03:16 PM   Nav to Top  #35
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Defnitely a strong buy! https://www.themoscowtimes.com/2019/...off-gas-a65496 I was reading regarding this also and apparently Vermilion and cub have directors in common also on the same board. This could be a good grab.
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Old 10-02-2019, 09:18 AM   Nav to Top  #36
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New Video From Cub Energy Showing Western JV Well Sites & Drilling

Cub Energy Inc.

https://www.youtube.com/watch?v=tjd5...ature=youtu.be
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