Latest Cubic Energy Inc (CBNR) Headlines Cubi
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Posted On: 03/09/2014 6:03:13 AM
Latest Cubic Energy Inc (CBNR) Headlines
Cubic Energy, Inc. Announces Further Extension to Close Acquisition of East Texas Assets to September 30, 2013
GlobeNewswire - Fri Sep 20, 5:14PM CDT
Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company" or the "Buyer") announces today that the Company has obtained a further extension to close the previously announced acquisition of the Gastar Exploration Texas, LP ("Gastar" or the "Seller") East Texas properties until September 30, 2013.
Cubic Energy, Inc. Obtains Commitments for Up to $107MM of Financing for Acquisition of East Texas Assets
GlobeNewswire - Fri Aug 30, 5:45AM CDT
Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company" or the "Buyer") announces today that the Company obtains non-binding commitments for up to $107,000,000 of financing. Such financing is subject to satisfactory diligence and documentation at the potential investors' discretion, and the closing of an additional acquisition. This financing is intended for the acquisition of the Gastar Exploration Texas, LP ("Gastar") East Texas properties, drilling and working capital, potential additional acquisitions, and payment toward existing debt.
Cubic Energy, Inc. Exercises Election to Extend Closing of East Texas EagleBine Assets
GlobeNewswire - Mon Aug 19, 9:53AM CDT
Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company" or the "Buyer") announces today that the Company has exercised its election to extend the closing of the previously announced acquisition of the Gastar Exploration Texas, LP ("Gastar" or the "Seller") East Texas properties until August 30, 2013, with Cubic making another payment to Gastar of One Million One Hundred Fifty Thousand Dollars ($1,150,000.00). Once closing occurs, this sum, in addition to the aggregate amounts previously deposited will equal Four Million Six Hundred Thousand Dollars ($4,600,000.00) which represents 10% of the purchase price. This amount shall all be applied to the Purchase Price at closing, thus reducing the purchase price by $4,600,000.
Cubic Energy, Inc. Receives Extension for Closing of East Texas EagleBine Assets
GlobeNewswire - Wed Jul 31, 5:45PM CDT
Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company" or the "Buyer") announces today that the closing of the previously announced acquisition of the Gastar Exploration Texas, LP ("Gastar" or the "Seller") East Texas properties has been extended to August 16, 2013. As compensation for the extension of the closing date, Cubic will pay an additional sum of One Million One Hundred Fifty Thousand Dollars ($1,150,000.00), representing an additional 2.5% of the Purchase Price. Once closing occurs, this sum, along with the initial deposit of Two Million Three Hundred Thousand Dollars ($2,300,000.00), shall be applied to the Purchase Price at the closing.
Cubic Energy, Inc. Announces Further Extension to Close Acquisition of East Texas Assets to September 30, 2013
GlobeNewswire - Fri Sep 20, 5:14PM CDT
Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company" or the "Buyer") announces today that the Company has obtained a further extension to close the previously announced acquisition of the Gastar Exploration Texas, LP ("Gastar" or the "Seller") East Texas properties until September 30, 2013.
Cubic Energy, Inc. Obtains Commitments for Up to $107MM of Financing for Acquisition of East Texas Assets
GlobeNewswire - Fri Aug 30, 5:45AM CDT
Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company" or the "Buyer") announces today that the Company obtains non-binding commitments for up to $107,000,000 of financing. Such financing is subject to satisfactory diligence and documentation at the potential investors' discretion, and the closing of an additional acquisition. This financing is intended for the acquisition of the Gastar Exploration Texas, LP ("Gastar") East Texas properties, drilling and working capital, potential additional acquisitions, and payment toward existing debt.
Cubic Energy, Inc. Exercises Election to Extend Closing of East Texas EagleBine Assets
GlobeNewswire - Mon Aug 19, 9:53AM CDT
Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company" or the "Buyer") announces today that the Company has exercised its election to extend the closing of the previously announced acquisition of the Gastar Exploration Texas, LP ("Gastar" or the "Seller") East Texas properties until August 30, 2013, with Cubic making another payment to Gastar of One Million One Hundred Fifty Thousand Dollars ($1,150,000.00). Once closing occurs, this sum, in addition to the aggregate amounts previously deposited will equal Four Million Six Hundred Thousand Dollars ($4,600,000.00) which represents 10% of the purchase price. This amount shall all be applied to the Purchase Price at closing, thus reducing the purchase price by $4,600,000.
Cubic Energy, Inc. Receives Extension for Closing of East Texas EagleBine Assets
GlobeNewswire - Wed Jul 31, 5:45PM CDT
Cubic Energy, Inc. (OTCQB:CBNR) ("Cubic" or the "Company" or the "Buyer") announces today that the closing of the previously announced acquisition of the Gastar Exploration Texas, LP ("Gastar" or the "Seller") East Texas properties has been extended to August 16, 2013. As compensation for the extension of the closing date, Cubic will pay an additional sum of One Million One Hundred Fifty Thousand Dollars ($1,150,000.00), representing an additional 2.5% of the Purchase Price. Once closing occurs, this sum, along with the initial deposit of Two Million Three Hundred Thousand Dollars ($2,300,000.00), shall be applied to the Purchase Price at the closing.
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