Carcetti Capital Corp V.KUB

Strategic Update

[nozzpack]

From a variety of indepedent sources, Russia has now 80 % of Ukraine GDP under its control.
That is, essentially  all of Donbass including..or will very soon......, almost all of Ukraine's oil and gas reserves.
The southern area to Odessa should complete their objectives, as Western Ukraine is essentialy wheat and sunflower assets.

There is a silver lining in everyb cloud.

Western Ukraine oil and gas potential which has not be given any significant exploration or development since Soviet times, will now come into its true focus as being blessed with significant fossil fuel potential.

It is in the same basin lithology as those oil and gas fields in Slovakia, Poland and Rumania.

RK remains a very under developed asset..

Just 8 % of its Proven Reserves are developed to production.

When acquired in 2012, its possible was double its 2P

Below the shallow reserves are the untouched potential of tight gas.

Recall that RK1 and Yak2 of Staniskve were tested in the 15,000 MMcf per day but never fully followed up.
Just the top of RK1 is now producing high BTU content gas.

Staniskve has 10 drilled wells but never been produced and Kub is still negotiating its restrictions.

With Kub Has LLC losing its Eastern oil and gas assets, its not unlikely that they may strategically join with KUB in the search for replacement production.

Regardless, those RK reserves, given no value in the current balance sheet of KUB, will become much more valuable as this war comes to its strategic end