Cubic Energy, Inc (QBIK.OB) Updates Shareholders
Cubic Energy, Inc. (QBIK.OB) has issued a press release updating shareholders on current drilling activity for the company's newly developed wells in Louisiana. In this press release, the company announced that they have received permission from the state of Louisiana for the additional drilling of 10,500 feet in both sites. Cubic also announced that the company will commence drilling on two additional wells in the Johnson Branch drill site within the next thirty days. After drilling commences in this area, Cubic plants to complete eight new wells in the Johnson Branch site, with Cubic holding a 49% working interest for…