Insider Buys 11,000 of CUBIC ENERGY INC (QBIK)

[26th June 2002]

SOURCE: Form 4

ISSUER: CUBIC ENERGY INC
SYMBOL: QBIK

FILER: WALLEN III CALVIN A
TITLE: President
TRANSACTION: Purchase 11,000 04/22/02-04/29/02 $.50
OWNERSHIP: 10,780,516

The form 4 is filed with the Securities and Exchange Commission by any insider buying or selling their company's shares. This form must be filed by the 10th of the month following the month in which the transaction was executed.

Insider data source: Washington Service (info@washserv.com or 202-778-1384)

DOW JONES NEWS 06-26-02
12:59 AM

Copyright (c) 2002 Dow Jones & Company, Inc. All Rights Reserved.

Subject Codes: R/NME, R/TX, R/US, R/USS, I/OIS, M/ENE, M/NND, M/TPX, BW/EXCD, BW/EXCL, N/DJN, N/DJWB, N/DJWI, N/ISB, N/ISD, N/OWN, N/TPCT, N/WSV

Company Codes: QBIK

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6/26/2002