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Oil & Gas Drilling & Exploration News
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Cubic Energy, Inc. Acquires $30,952,810 in Drilling Credits
Tue 5:32 pm ET (GlobeNewswire)
DALLAS -- Cubic Energy, Inc. announces that it has entered into transactions with Tauren Exploration, Inc. and an affiliate of Tauren, both of which are entities controlled by Calvin Wallen III, the Chief Executive Officer of the Company, under which Cubic has acquired $30,952,810 in pre-paid drilling credits applicable towards the development of its Haynesville Shale rights in Northwest Louisiana.
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| Market Capitalization: | 275B | | Price
/ Earnings: | 6.6 | | Price
/ Book: | 2.3 | | Net
Profit Margin (mrq): | 5.6% | | Price
To Free Cash Flow (mrq): | -36.7 | | Return
on Equity: | 4.6% | | Total
Debt / Equity: | 0.0 | | Dividend
Yield: | 3.4% |
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