Carcetti Capital Corp V.CART.H

2012 gas Reserves Western Ukraine

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https://www.cubenergyinc.com/_resources/news/nr_2011_02_14.pdf

RK Field 

10 wells drilled all successful

1P....................33.9 BCF
2P....................18.9 BCF
3P....................14.5 BCF

Total ...............67.3 BCF

3 wells drilled 2013-15 all successful averaging 2.5 mmcfpd..no production after early 2016 until July 2021

Staniskve Field

10 wells Drilled all successful..1 ready to produce

1P...................  .8.6 BCF
2P......................4.8 BCF
3P...................  .59.7 BCF

Total..................73.1 BCF

No further drilling and never produced

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Forgot to include 2012  NPV and Future Revenues Gas Price assumed was $11.75 US per MMCF Future Revenue was estimated at $106 m US. NPV10 before tax at $59.5 m US and NPV10 after tax was $48.6 m US This includes Staniske which is not included in future Reserves after 2012