Cub Energy Inc. provides an operational update and announces the Rusko-Komarovske-21 (RK-21) development well on the Rusko-Komarovske (RK) licence in western Ukraine has reached a total measured depth ("TMD") of 1,818 metres and has been cased to TMD with multiple potential gas bearing zones identified. The RK-21 well is operated by Cub's wholly-owned subsidiary, JSC Tysagaz.

RK-21 Well

The RK-21 well spud in mid-March 2014 and is the second well for Cub to drill on the RK licence. The well encountered multiple zones which appear to be gas-bearing based upon drilling information and interpretation of wireline logs.

Tags: CUB Energy Inc.