Cub Energy Inc has commenced drilling of the Rusko-Komarovske-21 (“RK-21”) development well on the Rusko-Komarovske (“RK”) licence in western Ukraine. The RK-21 well is operated by Cub’s wholly-owned subsidiary, JSC Tysagaz.
RK-21 Well
The RK-21 directional well is the second well for Cub to drill on the RK licence and has a planned total depth of 1,825 metres measured depth (“MD”) and 1,750 metres total vertical depth. The main objective of the RK-21 well is to target the middle Miocene Dorobratovskaya and Badenian sands, which are locally referred to as the D-1 through D-5 and B-1 through B-5 sands as seen in the Company’s RK-2 and RK-6 legacy wells.
The RK-21 location is approximately 450 metres southwest of the RK-6 well, in which both wireline logs and tests through casing have indicated gas in both the D and B series of sands. The RK-21 well location was identified by 3-D seismic acquired by Cub in early 2013. The Company has contracted with Esta Well Services LLC to drill the RK-21. The well is expected to take approximately 35 days to reach the planned MD.
