Haynesville Shale: QBC Cubic Energy Looking to Sell 10/14/08

With crashing stock markets and energy prices....many companies are looking to get out of the shale plays lately. I had a feeling this was going to happen. It was almost like a bubble when every company and their mother was buying up mineral rights in the Haynesville Shale natural gas field.

Cubic Energy ( QBC ) announces today that due to ever increasing unsolicited interest in the Company's assets in North Louisiana, the Company has engaged RBC Richardson Barr Securities, Inc., an affiliate of Royal Bank of Canada Capital Markets ("RBC") to explore all strategic alternatives on behalf of the Company and its shareholders. The Company's asset position in Caddo and DeSoto Parishes includes the Rodessa, Pettet, Upper and Lower Hosston, Cotton Valley and the Haynesville Shale. In addition, there is significant interest in the Company's gathering and pipeline systems.

As the Company now holds substantially all of its acreage by production, and has completed its own pipelines and infrastructure, the Company is afforded the opportunity to evaluate all its options in order to increase shareholder value.