Cub Energy Inc. (TSXV:KUB) has released an update on its Rusko-Komarovske licence and Makeevskoye-16 well, which are both located in Ukraine. According to the company’s press release, it is working on acquiring the permits needed to start drilling on its well in the Rusko-Komarovske licence. Moreover, it announced that its M-16 well has already reached a total depth of 4,300m and was perforated in the S-13 zone with a gross interval of 3,684-3,707m.
As quoted in the press release:
The Company is in the process of acquiring the necessary permits for the drilling of its initial well, the RK-22, on Cub’s 100% owned and operated Rusko-Komarovske licence. The Company plans to spud the RK-22 well in mid-May 2013.