Cubic Energy, Inc. Schedules Investor Conference Call For February 22, 2011

DALLAS, Feb. 16, 2011 (GLOBE NEWSWIRE) -- Cubic Energy, Inc. (NYSE Amex:QBC) ("Cubic" or the "Company") announces today that it will hold an Investor Conference Call on Tuesday, February 22, 2011 at 8:30am CT. We encourage those who would like to participate in this conference call to dial in 5-10 minutes prior to the start time. The telephone number to access the conference call is 877-719-9804. The participant passcode for the call is 9007109.

For those unable to participate in the conference call, a replay will be available for audio playback at 1:00pm CT on Tuesday, February 22, 2011 and will run through midnight on Monday, February 28, 2011. The number to access the conference call replay is 888-203-1112. The passcode for the replay is 9007109.

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 the Haynesville Shale Play located in Northwest Louisiana. Additional information can be found on Cubic's website at:  www.cubicenergyinc.com .

If you would like to be added to Cubic's email distribution list, please email your name and email address to Donna Luedtke, Investor Relations at [e-mail]. This email distribution list is notified of all news events (including press releases and scheduled investor conference calls).

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

This press release includes statements, which may constitute "forward-looking" statements, usually containing the words "believe", "intend", "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 natural gas prices, the availability of capital for development of mineral projects and other projects, the availability of capital to satisfy debt obligations, dependency on pipelines in which to sell the Company's natural gas it produces, reliance on third party operators for wells in which the Company maintains a working interest, 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 cannot guarantee the timing of the drilling referenced above or any level of production from its wells.

CONTACT: Donna Luedtke
         Investor Relations
         Phone: [phone]
         Email: [e-mail]
         Website: www.cubicenergyinc.com