Pres Sells 614,000 of CUBIC ENERGY INC >QBIK

[2004-01-14]

SOURCE: Form 4

ISSUER: CUBIC ENERGY INC
SYMBOL: QBIK

FILER: WALLEN III CALVIN A
TITLE: President

DATE TRANSACTION SHARES PRICE VALUE
1/12/04 Sale 614,000 $0.25 $153,500
1/12/04 Gift 231,000 $0.0 N/A

OWNERSHIP: 9,812,561 (Direct)

The form 4 is filed with the Securities and Exchange Commission by insiders to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Insider Data Source: Washington Service (info@washserv.com or 202-778-1380)

Dow Jones Newswires
01-14-04 1802ET

Copyright (c) 2004 Dow Jones & Company, Inc. All Rights Reserved.

Subject Codes: I/OIS, N/DJIN, N/DJN, N/CNW, N/DJWB, N/DJWI, N/ISD, N/ISS, N/STK, N/TPCT, N/WSV, M/ENE, M/NND, M/TPX, R/NME, R/TX, R/US, R/USS

Company Codes: QBIK

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