OilVoice - Cubic Energy Announces Haynesville Shale Well Results

Cubic Energy Announces Haynesville Shale Well Results

Friday, November 06, 2009

Cubic Energy, Inc. announces a twenty-four hour peak rate from its non-operated Plants 26H-1 well at 15,300 Mcfe/day, on a 24/64 inch choke, with 7,000 pounds of flowing pressure, producing from the Haynesville Shale formation. The Plants 26H-1 was spud on July 20, 2009 by operator Goodrich Petroleum Corp.

Cubic has a 10.15625% working interest in the well..

Richard M. Sepulvado, Cubic's Vice-President of Exploration and Production stated:
"The Plants 26H-1 confirms the quality of the Company's acreage position, at the epicenter of the Haynesville Shale play. Cubic continues to be excited with respect to its participation as a working interest owner in additional non-operated sections with Goodrich."