Cub Creek Energy commences drilling

Cub Creek Energy (CCE) will commence drilling of 19 horizontal wells in the core area of the Wattenberg field in Colorado over the next few days. The wells will be drilled from two pads. The first pad (“Vail pad”) will allow for 9 wells. CCE has a working interest of nearly 100% in these wells. 10 wells will be drilled from the second pad (“Markham pad”). Working interest for CCE is expected to average 75% in these wells. CCE and Deutsche Rohstoff have decided to adjust the previously planned drilling strategy and now drill the wells with two drilling rigs nearly simultaneously. Drilling at the Vail Pad is anticpated to begin the week of June 5th. The planned spud date for the Markham pad is predicted for the week of June 27th. Drilling is expected to be ongoing until mid-August, 2016 with completion of the wells expected in September, 2016. Production will begin in September or October of 2016. The total investment of Cub Creek will amount to approximately USD 45 million.