Cub Energy Starts Makeevskoye-20 Well

Cub Energy Inc. (TSXV:KUB) has started the Makeevskoye-20 well.

As quoted in the press release:

The M-20 well will evaluate the R8 sands at a depth of approximately 1,450 metres. The Makeevskoye R8 pool was originally discovered in the Makeevskoye-19 (“M-19″) well drilled in the second half of 2010 and further developed by the Makeevskoye-21 (“M-21″) well drilled in the second quarter 2012.

Cub Energy’s Chairman and Chief Executive Officer, Mikhail Afendikov stated:

Given the success the Company has had on the Makeevskoye license area, we are optimistic about this well’s potential. The M-20 well, located approximately 1 kilometre southeast of the currently producing M-19 well, reflects our on-going focus on low-risk development of our proven and underexploited assets.

Click here to read the Cub Energy Inc. (TSXV:KUB) press release.