Cubic Energy receives extension on WFEC debt

theflyonthewall.com

Cubic Energy announces that based on progress with respect to a material acquisition, it received an extension until May 31 as to the due date of its Wells Fargo Energy Capital, WFEC, debt under its WFEC Credit Facility, including both the $5,000,000 WFEC convertible term note and the outstanding amounts of approximately $20,870,000 under its WFEC revolving credit facility; and that it received an extension until June 1, 2013 as to the due date of its debt due of $2,000,000 to Calvin Wallen III, an affiliate of the company.

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