KUB-Gas LLC produces 1.2 MMm3 of natural gas per month from a successfully recompleted well

On November 20, 2018, KUB-Gas LLC announces the successful recompletion of the O-3 Well in Eastern Ukraine.

Kub-Gas utilized its own workover rig and crew to recomplete a productive gas sand interval designated as the Bashkirian-1b ("B-1b"). The well has stabilized at the rate of 39 thousand cubic meters per day since October 2018.

Mikhail Afendikov, Chairman and CEO of Cub said: "The successful O-3 recompletion coupled with the recent success of the O-9 recompletion in the second quarter of 2018 has increased the total field production by almost 20%. Given the recent successes of the recompletions, their relatively low cost and the high gas price environment in Ukraine at present, Kub-Gas' priority is to focus on additional recompletion candidates of which at least 10 wells have been identified."

Expro Reference: Kub-Gas LLC is a private company with foreign investment( 35 % interest share is owned by Cub Energy Inc. , and 65% interest share belongs to Burisma Group). The company does geological survey, exploration, and production at 5 gas fields, with a proven track record of exploration and production cost efficiency in Ukraine. The The company operates in three regions of Ukraine spreading over Dnipvsko-Donetsk Depresssion. The company develops two gas fields with aggregate projected volumes of 1.151 Bm3 of hydrocarbons. The company operates modern Canadian drilling equipment and instruments enabling the company do workover jobs without killing well pressure.