Cub Energy Triples 2Q Production Flow
August 24, 2012
CUB Energy Inc. (KUB.V), announces its financial and operating results for the three and six months ended 30 June 2012. The Company saw record quarterly production and operating cash flow with strong netbacks of $8.79 per Mcf.
The Company's production and revenue is derived from nine licenses in Ukraine. Five licenses in Eastern Ukraine are owned and operated by KUB-Gas LLC ("KUB-Gas"), a subsidiary in which CUB has a 30% effective ownership interest, and four licenses are in Western Ukraine in which CUB has a 100% ownership interest. All dollar ...
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