Cub Energy Discovers Commercial Volumes of Gas in K-7 Well

Cub Energy Inc. (TSXV:KUB), announced the discovery of commercial volumes of natural gas in the Krutogorovskoye-7 well, located in the Ukraine.

The K-7 well commenced drilling in September 2012 and was cased to a total depth of 3,206 metres in early November 2012. Wireline logging of the well indicated up to 5 potential gas zones in the Bashkirian and Serpukhovian sands between depths of approximately 2,390 metres and 2,760 metres. A 10 metre section of the Bashkirian B12 zone, from a depth of 2,395 to 2,398 metres and from 2,400 to 2,407 metres, was selected for testing.

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