Exhibit 31.2

                                  CERTIFICATION
                    Pursuant to Rule 13a-14(a) and 15d-14(a)

I, James L. Busby, certify that:

     1. I have reviewed this quarterly  report on Form 10-QSB/A of Cubic Energy,
     Inc.

     2. Based on my knowledge, this quarterly 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 quarterly report.

     3. Based on my knowledge,  the financial  statements,  and other  financial
     information  included  in this  quarterly  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
     quarterly report.

     4. I am responsible, as C.E.O., 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 I 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
         quarterly report is being prepared;
         (b) 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; I
         disclosed  in this  quarterly  report  any  change in the  registrant's
         internal  control over  financial  reporting  that occurred  during the
         registrant's  most recent fiscal quarter that has materially  affected,
         or is reasonably likely to materially affect, the registrant's internal
         control over financial reporting.

     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 function):
         (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: December 12, 2005                            Signature: /s/ James L. Busby
                                                             -------------------
                                                             James L. Busby, CFO