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 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.F.O., for establishing and maintaining disclosure
     controls   and    procedures    (as   defined   in   Exchange   Act   Rules
     13a-15(e)-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
          (c) 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: May 15, 2006                        Signature: /s/ James L. Busby
                                                             -------------------
                                                             James L. Busby, CFO