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To: sageyrain who wrote (93)	8/5/2008 7:47:05 PM
From: sageyrain	Respond to of 99

Cubic Energy, Inc. Spuds 5th Haynesville Shale Well Tuesday August 5, 11:57 am ET DALLAS, Aug. 5, 2008 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (AMEX:QBC - News) (``Cubic'' or the ``Company'') announces the Company has spud its fifth Haynesville Shale well in its northwest Louisiana acreage. The Red Oak Timber 5 No. 1 spud on Friday, August 1, 2008 and will be vertically drilled to approximately 11,950 feet using a casing program with 7 5/8`` for the intermediate string. This will allow the Company to drill horizontally in the Haynesville Shale at a later date, after being vertically completed in the Haynesville Shale. The Red Oak Timber 5 No. 1 is Cubic's second Haynesville Shale well to be drilled in the Company's southern acreage position of Bethany Longstreet located in Caddo Parish, Louisiana. Cubic has a 35% working interest in the Red Oak Timber 5 No. 1. Cubic has an additional three Haynesville Shale wells in its northern acreage position of Johnson Branch, located in Caddo Parish, Louisiana. Cubic has a 49% working interest in its wells located in Johnson Branch. 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 Texas and Louisiana.