TSXV:CART.H - Post by User
Post by
loubastoneon Nov 20, 2019 9:34am
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Post# 30373259
Financials out-Great Update
Financials out-Great UpdateThe following is why I believe this company will experience great growth within 3-12 months, as I went through the MD&A -NRU legal issues have been cleared up and the company now is already speaking with engineering firms to get it set up -Kub-Gas expects to drill the M-30 well in Q1 2020. The Makeevskoye licence has produced nearly half of the historical production for Kub-Gas. The M-30 well will target the M-7 horizon. -During the quarter ended September 30, 2019, Kub-Gas performed a recompletion of the O- 18 well in the B-8-9 reservoir which resulted in a 30% increase in production and the well is now producing at a combined rate of approximately 0.9 MMcf/d -Ukraine's currency has seen an up tick with the issues with Russia starting to clear up, more investments coming in -fall and winter season is upon us, lots of demand for natural gas -Early December Russia is meeting with Ukraine to end the rebel stand off, which would allow us potentially to regain the eastern part of the country