Replies to post #1 on Cubic Energy, Inc. (fka CBNRQ)

[Golden Cross]

Cubic Energy, Inc. Announces Drilling of 5th Cotton Valley Well
DALLAS, Feb. 8, 2006 (PRIMEZONE) -- Cubic Energy, Inc. (OTCBB:QBIK) ("Cubic" or the "Company") provided an update today on its drilling operations.

The S.E. Johnson 29 #1, the Company's 5th Cotton Valley test in the Bethany Longstreet field, was spud on February 6, 2006. The well has reached a depth of 2,230 feet on its way to a total depth of approximately 10,500 feet. Surface casing is currently being set, and the Company expects drilling to resume shortly.

The S.E. Johnson 29 #1 is located in the most southeastern section of the Company's Bethany Longstreet acreage. This section is adjacent on the southern boundary of Section 20, where the Company recently drilled the S.E. Johnson 20 #1, which was announced as a success on February 6th.

The Company also stated that it is currently installing a 4-inch pipeline that will transport the gas production from the S.E. Johnson 20 #1 to the Company's existing compressor station located approximately two miles to the west of the well. This pipeline is expected to be completed in approximately two weeks.

In addition to the aforementioned wells, Cubic expects to drill at least four additional wells on its Bethany Longstreet acreage during 2006. This acreage now consists of 12 contiguous sections following the acquisition of four additional sections announced on February 7th.

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.

This press release includes statements, which may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital for development of mineral projects and other projects, acceptance of the Companies' products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Companies' periodic report filings with the "Securities and Exchange Commission". By making these forward-looking statements, the companies undertake no obligation to update these statements for revision or changes after the date of this release. There can be no assurance that the transactions discussed in this press release will be consummated.

The Cubic Energy company logo can be found at http://www.primezone.com/newsroom/prs/?pkgid=1243

CONTACT: Cubic Energy, Inc.
Tate Wallen, Investor Relations
[phone]
[e-mail]
www.cubicenergyinc.com

[Golden Cross]

Cubic Energy, Inc. Provides Operational Update on Bethany Longstreet Acreage
Monday April 10, 4:35 pm ET


DALLAS, April 10, 2006 (PRIMEZONE) -- Cubic Energy, Inc. (OTC BB:QBIK.OB - News) (``Cubic'' or the ``Company'') announced today the Company has planned for and initiated staged completions in wells on their Bethany Longstreet acreage. All of these wells were initially completed in the lowest portion of the Cotton Valley known as the Taylor Sand.
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In conjunction with pipeline and production improvements made to the field gathering system, the Company has started to complete additional Cotton Valley zones in these wells. It is anticipated that these additional completions, or ``stages'', will continue up the wellbore in each well through the Cotton Valley, Lower Hosston and Upper Hosston intervals. Such completions will enable the Company to produce all of the Cotton Valley and Hosston intervals in each wellbore.

All of the Company's Bethany Longstreet wells have multiple zones that are expected to be commercially productive. Through additional completions, it is believed that field operations will bring reserves into the proven and/or producing classification. This will improve the Company's total reserves, producing reserves and cash flow.

The Company has successfully executed a second stage completion in the Moseley 25 No. 1 well and the Moseley 26 No. 1 well, and these two wells are under testing or flowback at this time. Cubic will continue the staged completions in these two wells while they prepare the Kraemer 24 No. 1 well for additional completion work. The Company also plans to initiate staged completions in its two most recent Bethany Longstreet wells, the Johnson 20 No. 1 and the Johnson 29 No. 1.

In addition to the Cotton Valley and Hosston intervals of the existing wells, each wellbore has additional shallow zones that the Company plans to develop with new shallow wells. The Company believes these shallow zones will be extremely beneficial for adding reserves and cash flow. Cubic has already staked two locations for these shallow wells.

Calvin A Wallen III, Chief Executive Officer of Cubic, stated: ``The completion of these additional reserves in our existing wells will add value to the company and to our shareholders, consistent with our overall business plan.''

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.

[Bull Trader]

Three Months Ended March 31, 2008 Compared To Three Months Ended March 31, 2007:

Revenues

OIL AND GAS SALES increased 903% to $778,360 for the quarter ended March 31, 2008 from $77,601 for the quarter ended March 31, 2007 primarily due to higher gas volumes resulting from 16 wells being on-line in Louisiana in the 2008 quarter versus three in the 2007 quarter.