03:46 PM EST - Cub Energy Inc. : announced the Olgovskoye-11 development well has been drilled to its total depth of 3,230 metres. Logging is now complete and has identified net pay in four zones of Bashkirian or Serpukhovian age, three of which have been established as productive within the Company's Ukrainian Licences. O-11 is operated by KUB-Gas LLC, which has set production casing and a testing program will begin once the workover rig currently on the Makeevskoye-17 well finishes its operations there. Cub Energy Inc.
shares V.KUB are trading up $0.01 at $0.17.
