Cubic announced that the Thomas 36 No. 1, which spud on April 29, 2010, has been successfully completed with a designed 14 stage completion. Over 5.2 million pounds of proppant was pumped in aggregate. Flow back of the well will commence this week once the coiled tubing unit that is already on location drills out the plugs between stages and cleans up the wellbore.
The Thomas 36 No. 1 is located in Section 36, Township 16 North -- Range 15 West in Caddo Parish Louisiana located in Cubic's Johnson Branch acreage. Cubic has a 37% working interest in this well, and is the single largest working interest owner in the Thomas 36 No. 1.
Calvin Wallen III, Cubic's President and CEO stated, "We are encouraged to see the progress of this well and expect to provide flow rate information soon. This continued development by proven operators of Cubic's Haynesville Shale acreage will provide the production and reserves needed to bring material cash flow to Cubic."
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