Carcetti Capital Corp V.CART.H

RE:2017 Will Be record Year

[TheRock07]

As I reported earlier,  KUB had record cash inflows from production and its investment in Eastern Ukraine equity ownership of $14.5 million US in 2013.

Converted to CAD , annual revenues was just below $20 million in canadian loonies.

KUB lost $3 million US in 2013.

At that point, KUB was trading in the 40 cent to 45 cent range ( also in loonies ).

In the first 9 months of 2016, KUB already has revenues of $18.1 million cad and net earnings of $5.9 million cad.

At least another $5.5 million will be added in Q4, to bring 2016 revenues to a new record in the $24 million range.

Net earnings should be in the $7.5 million range or about $0.025 per share

Remember, the RK field was suspended in Q2 and Q3 due to termination of a gas blending contract.

This will not be the case in Q1/17, as KUB have acquired and tested a NRU unit  and two compressors are en route to resume RK production in early Q1/17.

Production from that field in 2017 ,should be in the $7-$ 10 million range, depending on the push of the compressor units.

With at least 2 new wells,and various workovers and recompletions along with another 5 % WI in eastern Ukraine, KUB has an excellent chance exceeding $35 million in sales in 2017.

So, with record sales and earnings in 2016, and a much larger record year almost certain for 2017, KUB has an excellent chance of regaining its former highs of $0.40 to $0.45  which it reached in 2013..