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EX-99.1 - EX-99.1 - CUBIC ENERGY INCa11-13167_1ex99d1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  May 24, 2011

 

CUBIC ENERGY, INC.

(Exact name of registrant as specified in its charter)

 

Texas

 

0-9355

 

87-0352095

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

9870 Plano Road

 

 

Dallas, Texas

 

75238

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (972) 686-0369

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01  Other Events.

 

On May 24, 2011, Cubic Energy, Inc. (the “Company”) issued a press release announcing that is has received a letter from BG US Production Company, LLC (“BG”) and EXCO Operating Company, LP (“EXCO”) in which BG and EXCO declared their intention not to honor the balance of their drilling credit obligation to the Company.  The Company is in the process of finalizing a plan to protect its rights.

 

A copy of the press release is attached as Exhibit 99.1 to this Current Report.

 

Item 9.01   Financial Statements and Exhibits.

 

(d)  Exhibits.

 

99.1  Press Release dated May 24, 2011

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

       Date: May 24, 2011

CUBIC ENERGY, INC.

 

 

 

 

 

 

 

By:

/s/Jon S. Ross

 

 

Jon S. Ross, Secretary

 

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