Cub Energy: Makeevskoye-16 Well Cased to TD With Numerous Potential Gas-Bearing Zones Identified

- December 7th, 2012

Cub Energy Inc. (TSXV:KUB), a Ukraine-focused upstream oil and gas company, has announced the Makeevskoye-16 exploration well in Ukraine has been cased to its total depth of 4,300 metres after discovering multiple potential gas-bearing zones. The well is operated by KUB-Gas LLC, a subsidiary in which Cub has a 30% ownership interest.

Cub Energy Inc. (TSXV:KUB), a Ukraine-focused upstream oil and gas company, has announced the Makeevskoye-16 exploration well in Ukraine has been cased to its total depth of 4,300 metres after discovering multiple potential gas-bearing zones. The well is operated by KUB-Gas LLC, a subsidiary in which Cub has a 30% ownership interest.

As quoted in press release:

We are quite pleased with M-16′s preliminary results and are especially glad to see the potential pay zone in the deeper Serpukhovian interval. If proven to be productive by testing, it will open up a significant part of the O and M area to lower risk development drilling. This deeper potential, together with the shallower potential, if proven to be productive through testing will give us multiple development locations for future drilling.

Click here to read full Marketwire press release.

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