Carcetti Capital Corp V.KUB

RE:RE:RE:RE:Likley Valiue to be Received for Staniskve in Sale

[nozzpack]

The restrictive measure on Staniskve was imposed because Kub failed to drill the scheduled well in Q4 of 2021.
The licence itself is good until 2036.

Kub could not drill the scheduled well because it lacked the cash to do so.

They now have that cash and it is a reasonable posit that  the government of Ukraine are have terminated  the restrictive measure on Stanivsje .
Of course, it has no carrying value with the permit suspended .

But with natty gas prices now at $150 BOE at the Ukraine border and Burisma very well connected with the current regime  it's a fair bet that  Stanivsje is once again within the Kub approved licences.

Well costs are about $500,000 at Stanivsje .
What I don't know is whether that one well in Staniskve capable of producing has been  produced by KUB in order to be included in the updated 44-101.....which might be effective post Dec 31/21