CUB-Gas to develop Krutogorivskoye deposit

The state geological service has provided CUB-Gas LLC (Lugansk) with special permission for the 20-year industrial development of Krutogorivskoye deposit (the Lugansk Region), Interfax-Ukraine reports with reference to the main owner of the company Serinus Energy Inc. (former Kulczyk Oil Ventures Inc., Canada, those main assets are in Ukraine).

In 2004 CUB-Gas obtained the special permission for geological exploration and experimental-industrial operation of Krutogorivskoye deposit which limited extraction of hydrocarbons.

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