Sergey Panchuk, Director of Eastern operations

Mr. Panchuk describe Cub eastern concessions. Note "West O" is the left most. The biggest with the center carved out is the concession Cub gained during the war. The center has the biggest gas wells in Ukraine. They were planning to work on the seimic immediately and drill wells in late 2017 into 2018.

Chen standing in front of the gas plant

Group picture in front of the gas plant

Touring the processing plant of the O field

Methane storage facility

Presentation at the O field plant

Natural gas compressed and cooled

Compressor

Control room

M22 well site A frack job was performed on the well.Technical discussion underway to drill a horizontal well toward M23.It would be the first horizontal drilling and fracking well in the region.

M field processing facilty. Like the O field, the company owns 100% of the processing facility, which is severely under-utilized due to the war.

Presentation at the M field processing facility. They are connecting the two facilities so the gas can be processed at either facility.

Compressor

Natural gas compressed and cooled

Cub and partner used to produce 6000 BOE/day before war. During the war, the service crew had to be relocated 200 miles away. Now it is producing about 3000 BOE/day.

Processing facility at RK field in western Ukraine

Methane storage facility

Mikhail Vuksta, Director of Cub western operations, presenting facilities

With Mikhail Vuksta in front of the nitrogen processing unit. It is ready to go in a couple of months to inject natural gas into the pipeline.

RK field processing facilities

RK field processing facilities

RK field processing facilities

Recompletion of RK1 well. If successful, it may lead to the first horizontal drilling and fracking well in the region.