CUB ENERGY

Cub Energy has 355,000 gross acres (213,000 net) in two prospective basins in Ukraine. Ukraine has an attractive pricing environment for natural gas. The Company is focused on growing its acreage position in strategic basins the Black Sea Region. Cub aims to rapidly develop this asset portfolio to take advantage of natural gas prices by utilising its technological advantage: applying western equipment and expertise to prospective, yet under-explored basins. Cub is also focused on delivering superior shareholder returns. Cub Energy is profit-oriented, with a focus on achieving high margins through disciplined spending and the de-risking of its assets through the use of western methods and technologies such as fracture stimulation, dual completion, and horizontal drilling.