TSXV:CART.H - Post by User
Comment by
loubastoneon Nov 20, 2019 9:48am
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Post# 30373329
RE:Financials out-Great Update
RE:Financials out-Great Update-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 -Russia and Ukraine set for peace meeting next month, this alone would be a catalyst for the stock to go up -Fall and winter coming up, natural gas use will be going up -Western Ukraine drilling even with that missed well, they are using that data to drill again.