Cub Energy Inc. Updates Operations in Ukraine and Converts Krutogorovskoye Licence to 20-Year Production Licence - WSJ.com

Cub Energy Inc. Updates Operations in Ukraine and Converts Krutogorovskoye Licence to 20-Year Production Licence - WSJ.com:

"Cub Energy Inc. ("Cub", or the "Company") (TSX VENTURE:KUB) reports on its operations activities in Ukraine and that KUB-Gas LLC ("KUB-Gas"), a partially-owned subsidiary in which Cub has a 30% ownership interest, has successfully converted its Krutogorovskoye Licence to a 20-year production licence.

Mikhail Afendikov, Chairman and Chief Executive Officer, stated:

"The conversion of the Krutogorovskoye license into a 20-year production license is a significant milestone for the company and opens the way for the full development of the license area. This conversion enhances our ability to increase production on our Eastern Fields.""

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