The S.E. Johnson No. 1 is expected to be drilled to a total depth of approximately 10,500 feet, with the objectives being the Hosston and Cotton Valley formations. Cubic has a 25% working interest in the well.
“We are pleased to be moving forward with our Louisiana operations and expect the results of this drilling to provide additional value to the company and our shareholders,” said James L. Busby, Cubic’s chief financial officer.
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.
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