I was referred to some interesting notes regarding KUB and I missed this because it was in the financials as a note and not the MD&A. Keep in mind that Cub Energy Inc holds 35% of KUB Holdings and increasing that to 40%(5% increase) would be a significant revenue boost given current production AND all the wells being worked on now. 

 

Per Note 1, the Company has the ability to further increase its ownership interest in KUB Holdings from 35%

to 40% on meeting certain benchmarks and optional payments. The Company can earn an additional 2.5%

ownership interest when the majority owner of KUB Holdings has received a cumulative $25,000 in dividends

from KUB Holdings of which they have received $16,873 as at March 31, 2019. The Company also has an

option to purchase, within one year of the above-mentioned 2.5% transfer from the majority owner, a further

2.5% ownership interest in KUB Holdings at a price equal to 2.5% of the net present value of 2P reserves of

KUB-Gas at a 10% discount at the time of exercise. 

 

Another note to follow given the excess of cash in the bank for KUB.V:

 

During the year ended December 31, 2018 and the three months ended March 31, 2019, the Company

purchased Guaranteed Investment Certificates with a Canadian financial institution with annual interest rates

between 2.26% and 2.5% that are redeemable at any time