Carcetti Capital Corp V.CART.H

NRU potential output

[loubastone]

https://www.cubenergyinc.com/_resources/news/nr_2016_03_16.pdf In December 2015, a workover to recomplete the RK-23 well to the L-1 Upper was successful and the well is currently producing approximately 1.3 MMcf/d. In January 2016, a workover at RK-21 set a retrievable plug above the current open perforations in the D-2 through D-3 Lower reservoirs and opened the D-0 reservoir for production. The workover was successfully completed and the well is on production at approximately 1.3 MMcf/d.

[loubastone]

So two wells from the RK field producing at 1.3MMCF or 2.6MMCF combined, that's over 400boed how I read it. As posted from CEO website. 100% owned, look at the cash flow they had from natural gas production! They were doing close to a $1 million USD extra revenue per quarter with the NRU on the RK field and because royalty rates were so high, they were losing money.

[shdave]

BOTTOM of https://www.cubenergyinc.com/investor/glossary/ Glossary of Terms MEASURES Units of Measurement Oil and natural gas liquids Natural gas bbl Barrel Mcf thousand cubic feet bbls Barrels Mcm thousand cubic metres Bbbls billion barrels MMcf

[LambchopHunter]

This post has been removed in accordance with Community Policy

[shdave]

THANKS  This shows what CUB is seating on. Dave