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Located in Western Ukraine, the Transcarpathian basin is estimated to have 4 Tcf of natural gas. With only approximately three percent of the region´s hydrocarbon potential discovered, the Transcarpathian Basin holds extremely exciting potential for Cub Energy, which has a 100% working interest in two licences and a 50% woring intererst in the third licence. The Company has a total 108,000 gross acres (70,500 net acres) in the West.
Located in Eastern Ukraine, the Dnieper-Donets basin has produced vast amounts of coal, oil and gas. Despite the long history of production, the region still has immense untapped potential for deep drilling. Cub Energy has a 35% working interest in six licences totaling 203,000 gross acres (71,000 net acres).