Cub Energy Announces Net Earnings of US $3.1 million for 2018
Cub Energy Inc, a Ukraine-focused upstream oil and gas company, announced today its audited financial and operating results for the year ended December 31, 2018. All dollar amounts are expressed in United States Dollars unless otherwise noted. This update includes results from KUB-Gas LLC (“KUB-Gas”), which Cub has a 35% equity ownership interest, Tysagaz LLC, Cub’s 100% owned subsidiary and CNG LLC, which Cub has a 50% equity ownership interest.
Mikhail Afendikov, Chairman and CEO of Cub said: “We wish to report net income $3.1 million or $0.01 per share during the year ended December 31, 2018 and receipt of $5.7 million in dividends from its eastern Ukraine investment. Kub-Gas maintained deliverability over 14 million cubic feet per day by successfully recompleting two wells in the Olgovskoye License during 2018 and Kub-Gas is continuing other recompletions in 2019. In western Ukraine, Cub and its partner plan to drill our first three wells on the jointly owned Uzhgorod license in 2019 which costs are expected to be incurred 100% by our partner. ”
08:00 / 23 May, 2019
Carpathian Oil&Gas Conference-2019
The development of oil&gas industry, introduction and implementation of new E&P technologies, stimulation, workovers &recovery of oil&gas wells will be among upstream focal points of the FIRST DAY of COGC2019 - 23 May. The SECOND DAY of Conference will be devoted to midstream, downstream, and trade in hydrocarbons, to spotlight the nowadays dynamics and robust changes in the Ukrainian oil&gas market. The Ukrainian Gas Market day of 24 May 2019 will become a marketplace venue for natural gas traders and natural gas transmission & distribution companies to meet and discuss prospective deals in the UAH 200 billion natural gas market of Ukraine.
10:00 / 8 February, 2019
AGROPETROL is the only conference in Ukraine to meet producers and suppliers of diesel, gasoline, propane-butane, natural gas, electricity and miner with consumers - representatives of agricultural companies and industrial enterprises. Representatives of the procurement department with traders will meet in Kiev on February 8
08:30 / 20 September, 2018
ODESA OFFSHORE CONFERENCE - 2018
Ukraine Strives to Resume its Offshore E&P Projects The Derzhgeonadra (State Service of Geology and Mineral Resources of Ukraine)
announces to hold permit auction for E&P in oil&gas fields in Black Sea Shelf and the Azov Sea Shelf. In the lead-up to the upcoming auctions,
Ukrainian and international stakeholders and professionals will gather in Odesa, Ukraine, to initially discuss joint sea-shelf projects.