RedChip Featured Company: Cubic Energy, Inc. (QBC)
Source: http://Blog.QualityStocks.net/?p=12737Posted on Friday, October 3rd, 2008 | In Small & Micro Cap
Cubic Energy, Inc. (QBC) is an independent energy company focused on the exploration, development, and production of natural gas and crude oil. As its name eludes, the company takes a multi-dimensional focus on the integration of engineering, financial management and earth sciences in its oil and gas exploration efforts. Cubic plans to pursue low-risk opportunities while building high-yield reserves.
The company received landmark news at the end of July 2008 that it had received approval to be listed on the American Stock Exchange (AMEX). Cubic’s common stock began trading under the symbol “QBC” on August 4th. The shares had previously been traded under QBIK on the OTCBB. President and CEO of Cubic, Calvin Wallen said, “This is an incredible milestone for Cubic and its shareholders. With the ability to list on AMEX, Cubic is able to reach both United States and Global investors.”
During fall 2008, Cubic announced that its Red Oak Timber 5 No. 1 spud, located at the company’s southern portion of its Bethany Longstreet property, had completed its drilling to 11,950 feet. The site would now commence its horizontal drilling in the Haynesville Shale level. Cubic holds a 35% working interest in this particular well, while it maintains a 49% working interest at three other Haynesville Shale wells on the northern portion of the Johnson Branch.
Tremendous progress is being made at the Cotton Valley well sites. Cubic should see a steady revenue stream once it transitions its more advanced sites into full-production locations.
Let us hear your thoughts: Cubic Energy, Inc. Message Board
Last 5 posts by QualityStocks
- Lion Energy, Southern Star Energy (SSEY.OB), Gold Star Resources Fuse to Create Combined Company with Promising Growth Opportunities - November 6th, 2009
- VIASPACE, Inc. (VSPC.OB) Subsidiary Ionfinity Captivates Mass Spectrometry Market - November 6th, 2009
- Google’s Android Takes a Bite Out of Apple - November 6th, 2009
- Continucare Corp. (CNU) First Quarter Fiscal Year 2010 Results Show 116% Increase in Operating Profit - November 6th, 2009
- Muscle Flex, Inc. (MFLI.PK) Now Accepting Orders for the Beagle StepFit, the BUDDY Tablet Caddy and “Danny Alex Commercial Blue” T-Shirts - November 6th, 2009
American Stock Exchange, Calvin Wallen, Cotton Valley, crude oil, Cubic Energy Inc., energy, Message Board, Natural Gas, oil and gas exploration efforts, RedChip Featured Company, Small & Micro Cap, United States
 About QualityStocks (http://QualityStocks.net)
Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for any company to be successful. Timing is everything and we help investors succeed by providing an objective, broad-based view of the SmallCap markets on a daily basis. Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.