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PRESS RELEASE

NASDAQ:OTC:BB:/QBIK

Cubic Energy, Inc. named one of Oil & Gas Journal’s Top 200 Companies

For immediate release, September 15, 2004-Cubic Energy, Inc., of Dallas, TX
announced today that the Company has been named one of Oil and Gas Journal’s Top 200 Companies. Cubic Energy was ranked by total assets for the year 2003. This information is in the September 13, 2004 issue of the Oil & Gas Journal.


This press release includes statements, which may constitute "forward-looking" statements, usually containing the words "believe", "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 mineral prices, the availability of capital for development of mineral projects and other projects, acceptance of the Companies' products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Companies' periodic report filings with the "Securities and Exchange Commission". By making these forward-looking statements, the companies undertake no obligation to update these statements for revision or changes after the date of this release.