Cubic Energy Drills 1st Well in Johnson Branch Acreage

Cubic Energy reports that the O. McDonnell 8 No. 1, which spud on July 1, 2007, was successfully drilled to a total depth of 10,500 feet. This is the 1st Cotton Valley well in Cubic's Johnson Branch acreage, located in Caddo Parish, Louisiana. Cubic has a 49% working interest in the O. McDonnell 8 No. 1.

With the addition of the O. McDonnell 8 No. 1, Cubic has now drilled 9 Cotton Valley wells in northwest Louisiana. The previous 8 wells are located in Cubic's Bethany Longstreet acreage. Additionally, Cubic is currently moving a drilling rig to its 2nd location in Johnson Branch. The D.W. Tabor 4 No. 1 is expected to spud within the next week.

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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