Cubic Energy Inc

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Calvin A. Wallen, III has served as the President and Chief Executive Officer of the Company since 1997 and as Chairman of the Board of Directors since June 1999. Mr. Wallen has over 30 years of experience in the oil and gas industry working as a drilling and petroleum engineer. He was employed by Superior Oil and various other drilling contractors including Resource, Tom Brown and Rowan International. Mr. Wallen has considerable experience in drilling vertical, high-angle directional and horizontal wells in North and South American oil and gas fields and in the North Sea and Gulf of Mexico.

Mr. Merkel has over 28 years of experience in reservoir engineering, exploration, production and oil and gas consulting. Mr. Merkel has been associated with several small to mid-size independents with U.S. and multinational interests. These companies were primarily involved in field operations, production and exploration in West Texas, the Texas Panhandle area and in the San Juan Basin and the Rocky Mountain region with experience in unconventional resource evaluation. Mr.

Bob L. Clements joined the Company’s board in February 2004. Mr. Clements is the owner of both Leon’s Texas Cuisine, the largest independent producer of corn dogs and stuffed jalapenos for the retail and food service industry, and the Shoreline Restaurant Corporation, which has opened two upscale dining locations in Rockwall, Texas. He has been in the restaurant and wholesale food business for more than 30 years. Mr. Clements received his education from Rutherford Business College. He also graduated in 1985 from Harvard Business School’s highly selective OPM Program.

Larry G. Badgley joined the Company in August 2008, as a consultant, and was appointed Chief Financial Officer in October 2008. Prior to joining the Company, from October 2005 through September 2006, Mr. Badgley served as Managing Director of BridgePoint Consulting, a provider of CFO services to venture capital-backed and early stage companies. In that capacity, Mr. Badgley was primarily responsible for strategic planning for growth companies. From July 1998 through October 2005, Mr.

David B. Brown is currently the acting CFO for MV Transportation, Inc. and has been serving in that capacity since April 2014. Previously, he was the Senior Vice President & Chief Accounting Officer for MoneyGram International (NYSE: MGI) from January 2012. From 2007 until 2011, Mr. Brown was Chief Financial Officer for Dresser, Inc., a $2 billion subsidiary of GE that manufactures energy equipment serving the upstream, midstream and downstream oil, gas and power markets. Mr.

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