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Forum - Mining and Commodities Eh! (CUB ENERGY INC - KUB.V)    All things commodities, with a Canadian Junior Miner focus.

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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 05/21/2019 18:12
Forum: Mining and Commodities Eh! - Msg #6372 - List KUB.V msgs Thread #674078018 (Rec: 0)
Re: Regarding KUB, the new Ukrainian president today said his top priority is pea...I was referred to some interesting notes regarding KUB and I missed this because it was in the financials as a note and not the MD&A. Keep in mind that Cub Energy Inc holds 35% of KUB Holdings and increasing that to 40%(5% increase) would be a significant revenue boost given current production AND all the wells being worked on now.

Per Note 1, the Company has the ability to further increase its ownership interest in KUB Holdings from 35%
to 40% on meeting certain benchmarks and optional payments. The Company can earn an additional 2.5%
ownership interest when the majority owner of KUB Holdings has received a cumulative $25,000 in dividends
from KUB Holdings of which they have received $16,873 as at March 31, 2019. The Company also has an
option to purchase, within one year of the above-mentioned 2.5% transfer from the majority owner, a further
2.5% ownership interest in KUB Holdings at a price equal to 2.5% of the net present value of 2P reserves of
KUB-Gas at a 10% discount at the time of exercise.

Another note to follow given the excess of cash in the bank for KUB.V:

During the year ended December 31, 2018 and the three months ended March 31, 2019, the Company
purchased Guaranteed Investment Certificates with a Canadian financial institution with annual interest rates
between 2.26% and 2.5% that are redeemable at any time



Reply to Jimjones1972 - Msg #6371 - 05/20/2019 11:23

Regarding KUB, the new Ukrainian president today said his top priority is peace with the rebels in Eastern Ukraine. This means if it happens, the area will be secured and KUB can drill without any worry or issue. This also includes investors looking at the company in a different light and bringing back value, especially since Cub Energy trades at a major discount compared to it's earnings and growth potential through drilling.

https://www.washingtonpost.com/world/europe/the-latest-new-ukrainian-president-disbands-parliament/2019/05/20/9ba3a36c-7ad7-11e9-b1f3-b233fe5811ef_story.html?utm_term=.2b7dfa84edf2
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