Exhibit 31.1

               CERTIFICATION PURSUANT TO RULE 13a-14(a)/15d-14(a)

I, Calvin A. Wallen, III, certify that:

1.   I have reviewed  this annual  report on Form 10-KSB of Cubic  Energy,  Inc.
     (the "Registrant");
2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;
3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in  this  report,  fairly  present  in all  material
     respects the financial  condition,  results of operations and cash flows of
     the Registrant as of, and for, the periods presented in this report;
4.   I am responsible,  as Chief Executive Officer and Chief Financial  Officer,
     for  establishing  and maintaining  disclosure  controls and procedures (as
     defined in Exchange Act Rules  13a-15(e) and  15d-15(e)) for the Registrant
     and have:

     (a)  Designed  such  disclosure  controls  and  procedures,  or caused such
     disclosure controls and procedures to be designed under my supervision,  to
     ensure that material information relating to the Registrant,  including its
     consolidated  subsidiaries,  is made  known to me by  others  within  those
     entities,  particularly  during the  period in which  this  report is being
     prepared;

     (b) [Intentionally omitted]

     (c) Evaluated the effectiveness of the Registrant's disclosure controls and
     procedures  and  presented  in  this  report  my   conclusions   about  the
     effectiveness of the disclosure  controls and procedures,  as of the end of
     the period covered by this report based on such evaluation; and

     (d)  Disclosed  in this  report  any  change in the  Registrant's  internal
     control over financial reporting that occurred during the Registrant's most
     recent fiscal quarter (the  Registrant's  fourth fiscal quarter in the case
     of an annual report) that has materially affected,  or is reasonably likely
     to materially  affect,  the  Registrant's  internal  control over financial
     reporting; and

5.   I have disclosed,  based on my most recent  evaluation of internal  control
     over  financial  reporting,  to the  Registrant's  auditors  and the  audit
     committee of the Registrant's board of directors (or persons performing the
     equivalent functions):

     (a) All significant  deficiencies and material  weaknesses in the design or
     operation of internal control over financial reporting which are reasonably
     likely to adversely  affect the  Registrant's  ability to record,  process,
     summarize and report financial information; and

     (b) Any fraud,  whether or not material,  that involves management or other
     employees who have a significant role in the Registrant's  internal control
     over financial reporting.


Date: September 27, 2004

                                                     /s/ Calvin A. Wallen III
                                                     ---------------------------
                                                     Calvin A. Wallen, III
                                                     Chief Executive Officer and
                                                     Chief Financial Officer