Cub Energy begins drilling new well in Ukraine

March 18, 2014

Cub Energy Inc. ("Cub", or the "Company") (TSX-V: KUB) announced on March 17 that it commenced drilling of the Rusko-Komarovske-21 ("RK-21") development well on the Rusko-Komarovske ("RK") licence in western Ukraine. The RK21 well is operated by Cub’s wholly-owned subsidiary, JSC Tysagaz.

WellThe RK-21 directional well is the second well for Cub to drill on the RK licence and has a planned total depth of 1,825 metres measured depth ("MD") and 1,750 metres total vertical depth. The main objective of the RK-21 well is to target the middle Miocene Dorobratovskaya and Badenian sands, which are locally referred to as the D-1 through D-5 and B-1 through B-5 sands as seen in the Company’s RK-2 and RK-6 legacy wells.

Source: Cub Energy Press Office, 2014