Houston, Texas – November 6, 2014 – Cub Energy Inc. (“Cub” or the “Company”) (TSX-V: KUB) announces that the shallow L Sands in the Rusko-Komarovske 23 (“RK-23”) well tested gas at a rate of over 2.3 million cubic feet per day (“MMcf/d”) through an eight millimetre choke. The well has been shut in for a pressure build up, after which the recorders will be retrieved and the well will be tied in for production on or around December 1, 2014.

The RK-23 well is 100% owned and operated by Cub in western Ukraine.

The RK-23 vertical well is the third well for Cub to drill on the RK licence and was drilled to total depth of 850 metres. Four apparent gas sands were logged, with the lower two zones being perforated and tested. The average rate for each period along with the flowing wellhead pressures, shut-in casing pressures, and choke sizes are summarized in the table 
in [PDF] document