hog grabed a bargain, now worth much more!

The recent $25m deal:

"Ukraine-focused American explorer Cub Energy has announced today that it has made a "strategic" acqusition with the purchase of Ukrainian explorer PrivateCo. Cub Energy will pay $25 million for the company, which will be paid to two shareholders.

"These three licences, the Krutogorovskoye, the Oskolonovskaya and East Vergunskaya licences, contain 70,000 acres of undeveloped land."

"estimated net 2C contingent gas resources of 9.6 billion standard cubic feet (bscf) and net best estimate prospective resources of 82.6 bscf."

What I learned from this transaction is now Ukrainian gas tenements are traded by "acres".

The $25m deal Compares with HOG's newly acquired Stoliarovska, which has a 20 year production licence.

Cost: Cub $25m HOG $2.6m 10:1
size: cub 70000acres HOG 11750(47km2) 6:1
conditions: cub undeveloped HOG undeveloped
Resource: cub 82.6bcf HOG 193bcf 1:2
Close to producing field: Cub yes, HOG yes

I roughly reckon now HOG's newly acquired Stoliarovska license is now worth $5-6m+, considering the recent investments flowing into Ukraine gas tenements---the business environment.

PLZ note : this is only my personal reckon as a mining rights exchange broker. Just for discussion purpose with existing SHs.