latest news releases from the newsroom
Cubic Energy, Inc.
Cubic Energy, Inc. Reaches Total Depth On Deeper Daniels 3 No. 1 and Receives Positive Logging Results
DALLAS, Nov. 9, 2007 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (OTCBB:QBIK) ("Cubic" or the "Company") announces today that the Daniels 3 No. 1, which spud on October 13, 2007, reached a total depth of 11,750 feet on Monday, November 5, 2007. The Company has finished logging operations with Schlumberger, and upon initial evaluation, the logs appear to have similar positive characteristics to the Gloria's Ranch 16 No. 1 in the Cotton Valley and the deeper Bossier and Haynesville Shale formations. The Daniels 3 No. 1 is located in Cubic's northern acreage of Johnson Branch in Caddo Parish, Louisiana where the Company has a 49% working interest.
Roy Jacobs & Associates
Roy Jacobs & Associates Investigating Leap Wireless International, Inc. for Possible Securities Law Violations
NEW YORK, Nov. 9, 2007 (PRIME NEWSWIRE) -- Roy Jacobs & Associates announces that it is investigating possible securities and other legal violations regarding today's announcement by Leap Wireless International, Inc. ("Leap" or the "Company") (Nasdaq:LEAP) that its revenues and operating income were overstated, and that it is revising these figures for the 2004 through 2006 fiscal years, and the first two quarters of 2007. Leap shares have dropped approximately 30% on greatly increased trading volume, dropping from approximately $58 to approximately $40 per share.