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Alias Born 09/28/2008

Re: None

Friday, 09/03/2021 8:53:16 AM

Friday, September 03, 2021 8:53:16 AM

Post# of 113
So what are the catalysts for KUB right now:

1) Positive cashflow from KUB-GAS operations. Still producing over 500+BOED

2) Positive cashflow from the RK field electricity generation (asset value has not been added back yet. Over $10 million written off over the last few years because of this project, but there are reserves they can now add back)

3) Drilling of a new well (mentioned in the presentation + MD&A)

4) Well recompletions (also mentioned in the presentation + MD&A)

5) Rising natural gas prices in Ukraine. Increased commodity price means larger earnings going forward

6) Pending sale of Uzhgorod, which will add around $1.2 million CDN cash back to the books