Monday, August 16, 2010

Caddo Parish, LA: Haynesville Shale Update

By Andrea:

August 16, 2010: Cubic Energy Inc. (QBC) announced the drilling of their third well today in the Haynesville Shale, located in Caddo Parish, Louisiana:

Cubic energy Inc. (QBC) announces today that the Crow 8 No. 1 spud on August 10, 2010 and surface casing was set at 1,925 feet on August 11, 2010. The Crow 8 No. 1 is currently drilling its vertical portion of the well. This well is located in Section 8, Township 14 North ñ Range 15 West in Caddo Parish, Louisiana located in Cubicís Bethany Longstreet acreage. Cubic has a 24% working interest in this well.

Richard Sepulvado, Cubicís Vice President of Exploration and Production states, "This is the third well to be drilled under our existing drilling credit and we look forward to continued development of our Haynesville Shale acreage."

Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Companyís oil and gas assets and activity are concentrated primarily in Louisiana and Texas.

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