Market Overview

Cubic Energy Receives Arbitration Ruling

Cubic Energy (NYSE: QBC) announces that it received a ruling and award favorable to the Company with respect to the dispute with EXCO Operating Company, LP and BG US Production Company LLC as to drilling credits pertaining to the Company's Northwest Louisiana acreage. This ruling is subject to confirmation by the Dallas County District Court where it is anticipated that it will be challenged by EXCO and BG. This arbitration and award are subject to a Confidentiality Order.

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