Cubic Energy Enters Into Extension Until July 31, 2013 to Close Previously Announced Acquisition of East Texas EagleBine Assets

Cubic Energy (NYSE: QBC ) ("Cubic" or the "Company") announces today that the closing of the previously announced purchase of Gastar's East Texas properties has been extended to July 31, 2013. As compensation for this latest extension of the closing date, the parties have agreed to reduce certain identified