Cub Energy Inc. (TSXV:KUB) announced that KUB-Gas LLC, its 30 percent owned subsidiary, has started drilling the Krutogorovskoye well, located near Lugansk, Ukraine.

As quoted in the press release:

The K-7 will be a deviated well which will evaluate the potential of a structure defined by 2D seismic and will target reservoirs of the Moscovian and Bashkirian age. The well is expected to take 50 days to reach a planned measured depth of 3,200 metres at a true vertical depth of (“TVD”) of 3,100 metres. The Company will use the K-200 drilling rig owned by KUB-Gas, which recently drilled the Makeevskoye-20 gas well.

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