QBIK.OB---Sector: Basic Materials---Industry: Oil & Gas Drilling & Exploration

[setravis]

Profile: 


Cubic Energy Inc.
9870 Plano Road
Dallas, TX 75238
United States - Map
Phone: 972-686-0369
Web Site: http://www.cubicenergyinc.com

DETAILS   
Index Membership: N/A
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Full Time Employees: 4


BUSINESS SUMMARY   
Cubic Energy, Inc. engages in the exploration, development, and production of crude oil and natural gas principally in Texas and Louisiana. Its Texas properties are situated in Palo Pinto, Eastland, and Callahan Counties; and Louisiana properties are situated in Caddo Parish and in Desoto Parish. As of June 30, 2007, Cubic Energy had total proved reserves of approximately 4,319,031 thousand cubic feet of natural gas equivalent. The company was incorporated in 1978 and is based in Dallas, Texas.




52wk Range: 0.51 - 2.65
Volume: 1,180,942
Avg Vol (3m): 108,384

Technicals
Record Price High
Percentage Gainer

[setravis]

Press Release Source: Cubic Energy, Inc.


Cubic Energy, Inc. Delineates 2.5 Trillion Cubic Feet of Original Gas in Place in Cubic's Johnson Branch Acreage
Friday March 28, 9:00 am ET


DALLAS, March 28, 2008 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (OTC BB:QBIK.OB - News) (``Cubic'' or the ``Company'') announces today receipt of an independent report, prepared by a qualified reservoir engineer, estimating original gas in place (OGIP) for Cotton Valley (CV) sandstones and Bossier/Haynesville (BH) shales in Cubic's Johnson Branch acreage (comprising the majority of each of twelve 640-acre sections) located in Caddo Parish, Louisiana. The estimates received indicate OGIP for the BH ranges from 217 to 245 BCF/section. The estimates also indicate OGIP of 20 BCF/section for the CV. Cubic has a 49% working interest in its Johnson Branch acreage.
In its Johnson Branch acreage, Cubic has drilled twelve wells through the CV, with three of these wells penetrating deeper through the BH shales. To date, eight Johnson Branch wells have been completed as gas producers in Cotton Valley (CV) sandstones.

Additionally, Cubic has eight producing wells in the CV and Hosston formations of its Bethany Longstreet acreage.

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.

The Cubic Energy logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1243


This press release includes statements, which may constitute ``forward-looking'' statements, usually containing the words ''believe``, ''estimate``, ''project``, ''expect``, or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital for development of mineral projects and other projects, dependency on pipelines in which to sell the Company's natural gas it produces, reliance on third party contractors to aid in developing the production infrastructure and in the performance of well completion work, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release. There can be no assurance that any future activities and/or transactions mentioned in this press release will occur as planned. Cubic can not guarantee any level of production from its wells



Contact:
          Cubic Energy, Inc.
          Investor Relations
          Donna Luedtke
          (972) 686-0369
          [email protected]
          www.cubicenergyinc.com


--------------------------------------------------------------------------------
Source: Cubic Energy, Inc.

[la-onda]

 

nice chart set up with good volume imho

[la-onda]

QBIK: Jumps +5.13%; Vol +56%; Last 90 Min of Trading
Friday , May 30, 2008 16:21ET

During the last 90 minutes of today's session, shares of Cubic Energy Inc (OTCBB: QBIK) demonstrated a strong UPWARD close relative to its 13:30 ET statistics. "Strong Closers" are determined by proprietary Knobias calculations performed during the last segment of each trading day.

sym: QBIK      @13:30 ET        @CLOSE      % CHANGE
----------   -----------   -----------  ------------
PRICE              $2.73         $2.87        +5.13%
VOLUME           264,940       412,353       +55.64%
#TRADES              188           276       +46.81%
DAY-HI             $2.79         $2.88       LATE-HI
DAY-LO             $2.45         $2.45           N/A

TODAY'S RAiDAR HEADLINES for QBIK:

05/30/2008 11:30 QBIK: Volume Spike; 31% > 20-adsv, Stock +8.43% - knobias
05/30/2008 04:05 WallStreetStockReview.com: BILLION DOLLAR PROFIT POTENTIAL (OTCBB: VSPC) - m2 

[la-onda]

QBIK update (thanks tokyo):

QBIK: New 52-Wk High @ $3.540 up 6.95%
Friday , June 06, 2008 11:40ET

This is the 1st 52 WEEK HIGH alert for QBIK in the past 7 calendar days.

The share price for Cubic Energy Inc (OTCBB: QBIK) reached a new 52-week high today, trading at $3.540, up $0.230 (6.95%) from its previous close of $3.310.

The Company's previous 52-week high of $3.490 was set 70 days ago on March 28, 2008.

One year ago, the Company's shares closed at $1.290. The price has climbed more than 174 percent since then.

At the time of this alert, the stock had traded 298,796 shares via 207 trades, 38.00% above it's 20day average of 216,526 shares.

This new 52-week high currently puts the stock:

27.64% above its 20day Moving Average of $2.773
27.13% above its 50day Moving Average of $2.784
58.73% above its 100day Moving Average of $2.230

daily and weekly chart:

[la-onda]

QBIK: New 52-Wk High @ $3.590 up 5.59%
Friday , June 13, 2008 11:00ET

This is the 1st 52 WEEK HIGH alert for QBIK in the past 7 calendar days.

The share price for Cubic Energy Inc (OTCBB: QBIK) reached a new 52-week high today, trading at $3.590, up $0.190 (5.59%) from its previous close of $3.400.

The Company's previous 52-week high of $3.550 was set 7 days ago on June 06, 2008.

One year ago, the Company's shares closed at $1.350. The price has climbed more than 165 percent since then.

At the time of this alert, the stock had traded 216,660 shares via 122 trades, 22.54% below it's 20day average of 279,708 shares.

This new 52-week high currently puts the stock:

23.35% above its 20day Moving Average of $2.910
26.08% above its 50day Moving Average of $2.847
55.15% above its 100day Moving Average of $2.314

&

QBIK: Volume Spike; 11% > 20-adsv, Stock +6.18%
Friday , June 13, 2008 11:30ET

This is the 2nd VOLUME alert for QBIK in the past 7 calendar days.

Trading for Cubic Energy Inc (OTCBB: QBIK) has been heavier than usual in today's session. By 11:30 ET, the stock had already traded 310,060 shares via 168 trades. The cumulative volume is 10.85% above its 20-day average of 279,708. Normally the stock experiences around 195 individual trades per session.

So far, today's volume surge has caused a net rise in QBIK's stock price. At the time of this alert, the stock was trading at $3.610, up $0.210 (+6.18%).

One year ago, the Company's shares closed at $1.500. The price has gained more than 140 percent since then.

Over the last 10 trading session QBIK has traded in a range between $2.450 and $3.550 and is currently trading 1.69% above its 52-week high of $3.550 set on June 06,2008 and 314.94% above its 52-week low of $0.870 from September 06,2007.

[setravis]

updated chart look....... 

52wk Range: 0.87 - 4.08
Volume: 1,170,533
Avg Vol (3m): 289,548

Technicals
Record Price High