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Cubic Energy
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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