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From The March 2019 Company presentation, KUB has

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JonnyRBuck12   Saturday, 05/04/19 10:47:39 AM
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From The March 2019 Company presentation, KUB has 6 projects on the go. If all work out as planned, the upside is tremendous here. See info below:

http://www.cubenergyinc.com/_resources/corporate-presentation.pdf

Uzhgorod Licence –Western Ukraine
U Field: Asset Overview
W.I. 50% owned by Cub
Operator Joint
Contract 20 year special production permit (expires 2036)
Status No current production
Area 75,000 acres
Highlights
? The Company partnered with a Slovakian based company with
extensive experience in E&P
? The partnership included a sale of 50% ownership in Uzhgorod.
Pursuant to the agreement, the partner is to:
– Pay Cub €1.5 million (paid)
– Fund a 100 square kilometer 3D seismic survey (completed)
– Fund the drilling and tie-in of the first three wells (2019)
? The licence is on the border with Slovakia, Hungary and Romania.
Adjoining producing or past producing fields
Work Plan
? Plan is to drill up to three exploratory wells in mid 2019

O Field – Eastern Ukraine
O Field: Asset Overview
W.I. 35% owned by Cub
Operator KUB-Gas
Contract 20 year special production permit (expires 2032)
Status Producing
Area 22,000 acres gross
Highlights
? Recompleted the O-9 well in Q2 2018 and put into production at a
stable rate of 1.7 MMcf/d since June.
? Recompleted the O-3 well in Q4 2018 and put into production at a
stable rate of 1.4 MMcf/d since October.
? Multiple other recompletion opportunities exist.
? 100% success rate on five O wells prior to 2107
– All five wells tied in for commercial production
? Successful fracture stimulations performed in prior years
Work Plan
? 2019 work plan will include several recompletion candidates.

M Field – Eastern Ukraine
M Field: Asset Overview
W.I. 35% owned by Cub
Operator KUB-Gas
Contract 20 year special production permit (expires 2032)
Status Producing
Area 18,000 acres gross
Highlights
? Upgraded processing facility brought on line and boosts throughput
capacity
Work Plan
? 2019 work plan will include several recompletion candidates

West O Field – Eastern Ukraine
WO Field: Asset Overview
W.I. 35% owned by Cub
Operator KUB-Gas
Contract 20 year special production permit (expires 2035)
Status No current production
Area 111,000 acres gross
Highlights
? The licence immediately offsets the O and NM licences
? It surrounds (but does not include) the existing Druzhelyubovskoe gas/condensate field,
which has produced gas from the same zones that produce in the O and M fields.
? Completed 26 km of 2D seismic in 2016; Completed150 km 2D seismic survey in 2017.
Interpreting results to identify drill targets.
Work Plan
? 2019 work plan to include 3D seismic survey to evaluate new drill targets

RK Field –Western Ukraine
RK Field: Asset Overview
W.I. 100% owned by Cub
Operator Cub
Contract 20 year special production permit (expires 2030)
Status Producing nominal amounts
Area 2,000 acres
Highlights
? Ordered a new Nitrogen Rejection Unit
? Goal of resuming material production in 2019
? During 2018, the Company began selling a nominal amount of rich
gas from a deep well to evaluate the Mesozoic formation
? Adjacent to producing fields in Hungary, Romania and Slovakia

Stanivske Licence –Western Ukraine
S Field: Asset Overview
W.I. 100% owned by Cub
Operator Cub
Contract 20 year special production permit (expires 2036)
Status No current production
Area 31,000 acres
Highlights
? Recently granted 20 year production licence
? A 45 square kilometer 3D seismic survey was acquired by the
company in 2013
? Gas was discovered on the field in 1990 by a prior operator
Work Plan
? The company is currently evaluating its 2019 work program






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