Caddo Parish, Louisiana: Haynesville shale update

By Andrea: http://oilshalegas.com

Cubic Energy Inc. (QBC) announced a new well that was spud in the Haynesville shale, located in Caddo Parish, Louisiana:

Cubic Energy, Inc.) 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 - Range 15 West in Caddo Parish, Louisiana located in Cubic's Bethany Long street acreage. Cubic has a 24% working interest in this well.

Richard Sepulvado, Cubic's 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 Company's oil and gas assets and activity are concentrated primarily in Louisiana and Texas.

Visit www.cubicenergyinc.com for more information on Cubic Energy, Inc.

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