Feb 4 (Reuters) - Cub Energy Inc KUB.V :
* Press release - Cub Energy Inc operations update for fourth quarter of 2015
* Q4 average production 1,353 boe/d (Cub WI), which was flat as compared to
third quarter production of 1,350 boe/d
* Says evaluating the 2016 work program in light of the recently reduced
royalty rate of 29% effective January 1, 2016
* Source text for Eikon Further company coverage KUB.V