Cubic Energy Inc., Dallas, (Amex: QBC) reports that its Bonomo 35 No. 1 well has been put to sales and is flowing at a rate of 886,000 cubic feet per day on a 26/64-inch choke with a flowing tubing pressure of 1,000 pounds.

The Wilbanks 36 No. 1 was put to sales Sept. 1 at a rate of 885,000 cubic feet on a 28/64-inch choke with a flowing tubing pressure of 820 pounds.

“We are very excited about the completion results of these Cotton Valley wells.  The results obtained are a product of a new frac design implemented by the Company.  These production rates substantiate the value of the Cotton Valley in this area, and has allowed Cubic to examine the restimulation of existing Cotton Valley wells using this new frac design,” says Cubic Energy chief executive Calvin A. Wallen III.

These wells are both in Cubic’s northern Johnson Branch acreage in Caddo Parish, Louisiana.  Cubic has a 49% working interest in each of these wells.

Cubic Energy’s oil and gas assets and activity are concentrated in Texas and Louisiana. JAS