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Cub Energy commences drilling of Olgovskoye-11 well


Published Apr 9, 2014
CUB Energy Inc.

Cub Energy Inc. announces that the Olgovskoye-11 (O-11) development well has commenced drilling. The O-11 well is operated by KUB-Gas LLC (KUB-Gas), a partially-owned subsidiary in which Cub has a 30% effective ownership interest through its 30% shareholding of KUBGAS Holdings Limited.

Olgovskoye-11 Well

The O-11 well will be drilled as a step-out to the O-9 well for the R30c zone in the Bashkirian and an appraisal of the O-15 well in the S6 zone of the Serpukhovian. The well is located approximately one kilometre southeast of the Company's Olgovskoye-15 ("O-15"), which was drilled last year and began producing from the S6 in July 2013.

Tags: CUB Energy Inc.




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