Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$160 in volume. THIS SCAM IS DEAD!
SCAM, LAWSUITS AND SEC INVESTIGATION
PROMOTER EXPOSED!
Scam, Lawsuits and SEC investigation.
SCAM. PROMOTER EXPOSED!
SCAM, LAWSUITS AND SEC INVESTIGATION
SCAM SCAM SCAM
Yup, this one is going down if flames, AGAIN!
SCAM EXPOSED!
PROMOTER EXPOSED!
SEC INVESTIGATION!
JUST AS PREDICTED, SHARE PRICE CRASHING AGAIN.
$4.65 to .28 PUMP N DUMP SCAM EXPOSED!
Promoter EXPOSED!
SEC INVESTIGATION!
$4.65 dump with Marty there. No investigations and no subpoenas. No evidence…just allegations.
$4.65 to .28 PUMP N DUMP SCAM EXPOSED!
Promoter EXPOSED!
SEC INVESTIGATION!
Exactly as we thought….nothing mentioned about any XBOR investigation.
Link to SEC INVESTIGATION
http://www.sec.gov/News/Article/Detail/Article/1356125787012#.VHvg70dOKrU
Why can we not get a link to some link referencing these "SEC investigations" and "subpoenas"???
Legal proceedings for SEC reporting companies are required. EORIF doesn't have to report the pending lawsuits against their promoters and self dealing crooks in management. XBOR must divulge ALL legal action with an 8-k. WHY can't we see a link to these bizarre allegations?
THEY DON'T EXIST…prove us wrong after a year of hearing about this non-existent SEC, Subpeonas stuff. The lawsuit from CLIFFY MARTY BLOODWORTH is seemingly the only thing that exists although meaningless. He gets FIRED and XBOR rockets up 500%??? EORIF tanks after that to near bankrupt
cy.
Huumm
NOT REALLY FUNNY WHEN INVESTORS LOSE MILLIONS
$4.65 to .28
Promoter SCAMMED investors out of MILLIONS
SEC SUBPOENAS ISSUED, SEC INVESTIGATION
LAWSUITS!
LMAO!! Still nothing after years of these up wild, baseless allegations?? Any update on the lawsuit CLIFTON MARTY BLOODWORTH filed 5 years ago? lol…his attorney lost his number and now won't return a call. Poor Marty seems desperate since not being able to find a job and seeing Enhanced Oil Resources run out of money. Word is he got a cease and desist order for making libelous claims against XBOR.
Any word how the XBOR lawsuit against Marty is coming along? His against XBOR has been long forgotten. It never amounted to much anyway.
HERES PROOF! $4.65 to .28
SCAM
NO ONE WILL TOUCH THIS SCAM
PROMOTER EXPOSED!
Sec issued subpoenas!
LAWSUITS!
SCAM PROMOTION UNDER SEC INVESTIGATION!
$4.65 to .28.
Scam RDMP STOCK SWAPS!
Subpoenas issued!
LAWSUITS!
Investors SCAMMED OUT OF MILLIONS
PROMOTER EXPOSED!
It's been a year and still nothing to support these claims other than "oh I'm right"?? lol. That's not how it works. people want to see proof.
If there is an SEC investigation or subpoenas wouldn't XBOR be required to report this? Not right because there are no investigations or subpoenas.
There is a meaningless lawsuit from that incompetent idiot CLIFTON MARTY BLOODWORTH. This guy was responsible from the price drop from $ to .28. He got canned as well he should. He can't extort money out of XBOR so his lawsuit sits on the back burner for years now. His attorney hasn't even filed anything on his behalf because he's not wasting anymore time on the frivolous case.
No SEC investigations.
No subpeonas.
No promoters.
No evidence. Just hyperbole and speculation that has been proven wildly off base for over a year now.
Oh I'm RIGHT! Scam pump n dump. $4.65 to .28 got the SEC attention!
LAWSUITS AND SEC SUBPOENAS!
Scam scam scam
I wish you were right Seaohtoo. Unfortunately there is no SEC investigation. There are no promoters and the lawsuit involves an employee from years ago that was fired. He's begging for a handout but the company won't settle. His attorney hasn't filed anything on his behalf in years. Looks like a dead deal for the poor sap.
No SEC investigations or subpeonas
No promoters
Frivolous lawsuit.
Seems if any of this were true there would be a shred of evidence.
Yet the SCAM continues, $4.65 to .28
Yet the LAWSUITS continue
Now the SEC Issues subpoenas and the investigation into the SCAM PROMOTER!
What's really SHAMEFUL is making false allegations about an SEC investigation that does not exist. There has never been any evidence presented to show that there is an SEC investigation into XBOR nor has anybody produced a single promo post here in over 3 years. Most of what appears here is corrections to erroneous, outlandish claims that have no basis in fact or merit.
YES REALLY .75!
It's a SCAM!
Lawsuits, Sec investigation
Look at the FAILED promotion, $4.65 to .28
Now boasting a 400% gain is SHAMEFUL! Investors SCAMMED! SEC INVESTIGATION INTO COMPANY!
Lawsuits!
.75 is not real, it's sitting at $1.09. Up 400% from .30 to $1.10 is real. Frivolous lawsuits from a rogue former employee is real. He got fired for incompetence and hasn't been able to hold a job since. Desperation lawsuits are a part of life. XBOR has no subpoena so that's not real (it's a lie actually). Nothing here shows any evidence of anybody promoting anything so that's not real either.
The only thing real is the massive 400$ gain.
.75 CLOSE
SCAMMER EXPOSED
SCAM, LAWSUITS AND SEC
INVESTIGATION
SCAM SCAM SCAM
PUMP D DUMP $4.65 to .28 is very real!
Over inflated stock was very real!
SEC SUBPOENAS! VERY REAL!
Promoter exposed! Very real!
The only lawsuit is the frivolous lawsuit brought by the fired former employee CLIFTON MARTY BLOODWORTH. Word is he is trying to settle for something but the company is obviously not interested. Im sure his attorney has spent all of the time he is willing to spend on that meaningless contingency!
LOL!! Incorrect. no trading at .75. Prediction still wrong as it's been for more than a year. It closed at $1.09. 400% up off it's lows while peers sink to new lows heading toward bankruptcy.
AS PREDICTED, SCAM HITS .75.
Massive debt load, LAWSUITS, SEC SUBPOENAS.
SCAM SCAM SCAM
SCAM, LAWSUITS, SEC SUBPOENAS
PUMP N DUMP INVESTIGATION, $4.65 to .28
PROMOTER EXPOSED!
Speaking of Marty Bloodworth….I found this.
"The claims that Mr. Bloodworth has alleged are: breach of his employment agreement with Doral Energy, fraud in the inducement and common law fraud, civil conspiracy, breach of fiduciary duty, and violation of the Texas Deceptive Trade Practices-Consumer Protection Act. Mr. Bloodworth is seeking damages of approximately $280,000. Mr. Gray, Mr. Seale and the Company deny that Mr. Bloodworth’s claims have any merit."
Looks like sour grapes on the part of the fired former employee. No mention of any SEC investigations or subpoenas. Looks like Marty got fired for malfeasance and couldn't get another job so he's just looking for a handout. Nothing mentioned about SEC investigations and there are no subpoenas issued to XBOR.
Unfortunately much to do about nothing.
I was trying to find something in the 10-K about this being a "scam". I found this…
"During the three months ended June 30, 2014, Cross Border completed three wells (0.4 net). One of these, Zircon 12/7 GF Federal Com 1H, a horizontal 2nd Bone Spring well in the Turkey Track area, was completed in May 2014, and achieved a maximum 24-hour rate of 1,188 Boe/d (89% oil) and a 10-day average rate of 1,028 Boe/d (87% oil). Cross Border owns an approximately 16% working interest and 13% net revenue interest in the well, which is operated by Mewbourne Oil Company. We spudded another well in the Turkey Track area in June, and it was recently completed. This well, Zircon 2 B1EH State 2H, is our first in the area targeting the 1st Bone Spring.
We also completed two vertical Yeso wells in the Red Lake area, Southern Union 30G State 3 and Horseshoe State 3. We own approximately 14% working interest and 12% net revenue interest in Southern Union 30G State 3 and approximately 13% working interest and 9% net revenue interest in Horseshoe State 3. Both wells are operated by LRE Operating. Early production rates from the wells were 137 Boe/d (88% oil) and 140 Boe/d (86% oil), respectively."
Looks like they hitting well after well they are participating in!!! The little scam "peer" EOR is selling of assets to pay bills and not drilling anything!! That's a real SCAM!
SCAM NOW TRADES 100 shares,
LAWSUITS, SEC INVESTIGATION, SCAM, SCAM, SCAM
PUMP N DUMP SCAMMER, $4.65 to .28
Sec issued subpoenas
PROMOTER EXPOSED, LAWSUITS, SCAM, SCAM, SCAM
Promises of "scam scam scam" for years now...But it continues to go up. When we can expect to see some evidence of a scam, subpoenas or some SEC investigation? There is no evidence of any of this. All we have is talk of CLIFTON MARTY BLOODWORTH concealing evidence of some alleged scam before he was fired by XBOR. This guy is suing XBOR to get his job back and seems desperate in attempts to discredit his former bosses. If there was really ANY evidence of "wrongdoings" back when XBOR dropped from $4.00 years ago why did this fired, former employee sit on the info until now? It's a crime to withhold info on crimes like this. CLIFTON "MARTY" BLOODWORTH is the only criminal here. He has promoted DORL to a delisting and EORIF to 99% losses. XBOR fired him and now he's under investigation.
Probably a good assumption that none of this "scam" talk has any merit other than Marty being involved years ago. No evidence of any SEC investigations. No evidence of "subpoenas". No evidence of XBOR settling the lawsuit against CLIFTON MARTY BLOODWORTH. Up 500% in the last year.
CLIFTON MARTY BLOODWORTH….scam scam scammer and pump and dump artist now under investigation after being fired at XBOR.
LAWSUITS, SCAM, PUMP N DUMP.
SCAM, SCAM, SCAM
XBOR dropped years ago when Clifton Marty Bloodowrth was a part. He got fired years ago. Since then XBOR has risen 500%. Makes sense that this shady Marty guy has been fired from so many jobs. He had knowledge of these "wrongdoings" years ago at XBOR and has only just now reported to the SEC? To have knowledge of a crime that has been committed and not reporting it immediately is a crime in and of itself!! Good thing XBOR got rid of him when they did.
Obviously XBOR fired this guy because he cannot be trusted!! I'm sure the SEC is asking questions of Marty as to why he did not report this activity when it happened!
LMAO, YUP HE REPORTED IT TO THE SEC!
So you are wondering what took the SEC so lucky long.....
ROFLMAO.
SCAM HAS BEEN EXPOSED, PROMOTER HAS BEEN EXPOSED.
SEC ISSUED SUBPOENAS, SEC INVESTIGATION.
LAWSUITS AND SCAM.
$4.65 to .28 PUMP N DUMP SCAM EXPOSED.
So now we hear Marty (plaintiff in a suit with XBOR) reported this alleged "wrongdoing" long after it occurred? What took Marty so long to report whatever wrongdoing he knew about?? Huuummmm. This doesn't look good. He sat on knowledge of a crime that took place long ago and failed to report it sooner? No wonder this guy has been fired from every job he's had!! THIS IS SERIOUS. Clifton Marty Bloodworth withheld information on a felony crime??
"SCAM IS HEADED LOWER.". Been hearing that for over a year now. Hopefully one day that will be right but it's not been so far. XBOR up again today. Oh well...just sit and wait patiently for all of the scam talk to be real.
Yup the promotion begins!
"SEC subpoenas"? "very real"??? NO THIER NOT!!! They are baseless allegations. And yet there is no evidence of any subpoena or SEC investigation at XBOR??? It's called libel and it's the libelous party that needs to be on guard now. Public comments are indelible as are the sources. XBOR has been made aware of these baseless allegations. VERY REAL and they are taking it VERY SERIOUSLY because they know from where they come.
Probably best to start providing some evidence here instead of "Marty said he said"!!! That hasn't worked out so well for the plaintiff here (CLIFTON MARTY BLOODWORTH) that supposedly witnessed illegally activity at XBOR but decided to withhold from authorities for several years.
He's definitely a SCAM SCAM SCAMMER!! Look at DORL and EOR after he got fired from XBOR!
I would suggest you contact the SEC! LMAO.
SCAM SCAM SCAM
PUMP D DUMP $4.65 to .28 is very real!
Over inflated stock was very real!
SEC SUBPOENAS! VERY REAL!
Promoter exposed! Very real!
Falsely alleging "SEC investigations" against a company when there are none along with allegations of "subpoenas issued" is serious stuff. With no proof they become cases for libel. Please do us all a favor and provide some evidence of ANY subpoenas or SEC investigations into this company.
Followers
|
27
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
7618
|
Created
|
09/01/09
|
Type
|
Free
|
Moderators |
Cross Border Resources is an oil and gas exploitation and production company
headquartered in San Antonio, Texas with an operations office in Midland, Texas.
Company Headquarters:
Cross Border Resources
2515 McKinney Avenue
Suite 900
Dallas, Texas 75201
(214) 871.0400 Office
(214) Company Headquarters:
Shares Outstanding: | 16,151,946 |
Float: | |
% Held by Insiders: |
as of August 08, 2011
as of 4 March, 2011 % based on shares issued at the time
Richard LaRouche* 587,752 (4.7%)
Paul Kirkitelos 234,304 (1.9%) down from 260,501 (2.1%)
Red Mountain Resources 14,327,699 As of August 18, 2013 (89.4%)
* insiders
http://www.xbres.com/documents/CBR-Corporate-Presentation.pdf
Cross Border Resources currently has over 25 wells that are anticipated to be drilled and completed within 2011 (this figure does not reflect any anticipated M&A activity and may be subject to upward revision by management). Of the 25 wells in which Cross Border Resources anticipates participating in 2011, 12 are 2nd Bone Spring horizontals representing 38% of the Company's projected 2011 capex and 9 are Abo horizontals representing 42% of the Company's projected 2011 capex. In 2010, the Pure Energy Group participated in the drilling and completion of multiple wells. These wells are broken out by county below:
Eddy County, New Mexico | ||||
Well Name | Formation | Operator | Working Interest | IP (30 day Average) |
Grave Digger #1H | Yeso | Concho Resources | 5.64% | 172 BOPD * |
Grave Digger #2H | Yeso | Concho Resources | 5.64% | 161 BOPD, 74 MCFD** |
Parkway 11 St. Com #1H | 2nd Bone Spring | Cimarex | 21.88% | 273 BOPD, 584 MCFD |
Parkway 11 St. Com #2H | 2nd Bone Spring | Cimarex | 21.88% | Currently Completing |
*Grave Digger #1H paid out investment in 4 months averaging over 370 BOPD | ||||
**Grave Digger #2H average production is for the first 15 days; then shut-in by gas gatherer DCP for Artesia plant maintenance and expansion |
There are 5 additional 2nd Bone Spring Horizontal wells that have been permitted thus far with expectations of 4 to be drilled in 2011 by both Cimarex and Mewbourne
Lea County, New Mexico | ||||
Well Name | Formation | Operator | Working Interest | IP (30 day average) |
KSI 22 Fed #1H | 2nd Bone Spring | Devon | 3.00% | Approved AFE/Anticipate Q1 |
2011 spud date |
There is one additional 1st Bone Spring /Delaware well that has been permitted thus far with expectations to be drilled in 2011.
Chaves County, New Mexico | ||||
Well Name | Formation | Operator | Working Interest | IP (30 day average) |
Full Moon 29 #1 | San Andres | Read and Stevens | 4.69% | Currently Completing |
Leo 3 Fed Com. #1H | Abo | Concho Resources | 6.25% | Approved AFE/Anticipate Q1 |
2011 spud date |
Cross Border Resources, Inc. is an oil and gas exploration company resulting from the business combination of Doral Energy Corp. and the Pure Energy Group, effective January 4, 2011. Cross Border Resources owns rights to over 800,000 gross (270,000 net) mineral and lease acres within the state of New Mexico. Over 26,000 of these net acres exist within the prolific Permian Basin. Unlike most E&P organizations, 99% of the Company's acreage consists of either owned mineral rights or leases held by production. Current net production to the Company is approximately 300 BOEPD.
Current development of Cross Border Resources' acreage is focused on their prospective Bone Spring acreage located in the heart of the 1st and 2nd Bone Spring play. This play encompasses approximately 4,390 square miles across both New Mexico and Texas. Cross Border Resources currently owns varying, non-operated working interest in both Eddy and Lea Counties, New Mexico, along with their working interest partners that include Cimarex, Apache, and Mewbourne, who all having significant footprints within this play.
Additional development is currently underway on the well established Abo, Yeso, and San Andres plays within the Company's acreage with the Company's other working interest partners, Concho Resources and Cimarex. Cross Border Resources currently has a robust drilling inventory across these formations with varying non-operated working interests ranging from 3%-90%.
28-Apr-2015
Entry into a Material Definitive Agreement, Completion of Acquisitio
Purchase and Sale Agreement
On April 21, 2015, Cross Border Resources, Inc. ("Cross Border") entered into a purchase and sale agreement (the "PSA") with RMR Operating, LLC ("RMR Operating"), Black Rock Capital, Inc. ("Black Rock"), RMR KS Holdings, LLC ("RMR KS") and Black Shale Minerals, LLC ("Buyer"). Each of Cross Border, RMR Operating, Black Rock and RMR KS is an operating subsidiary (together, the "Operating Subsidiaries") of Red Mountain Resources, Inc. ("RMR," and together with the Operating Subsidiaries, the "Companies").
Pursuant to the PSA the Operating Subsidiaries sold, assigned, transferred and conveyed to Buyer, effective as of April 1, 2015, fifty percent (50%) of their right, title, and interest in and to certain oil and natural gas assets and properties (the "Assets"), including their oil and natural gas leasehold interests, wells, contracts, and oil and natural gas produced after April 1, 2015 (the "Sale"). The aggregate purchase price for the Assets under the PSA was $25.0 million, subject to certain adjustments, including post-closing adjustments for any title or environmental benefits or title or environmental defects resulting from Buyer's title and environmental reviews.
The PSA contains customary representations, warranties and covenants. Pursuant to the PSA, the Operating Subsidiaries and Buyer have agreed to indemnify each other, their respective affiliates and their respective employees, officers, directors, managers, shareholders, members, partners, or representatives from and against all losses that such indemnified parties incur arising from any breach of representations, warranties or covenants in the PSA and certain other matters.
The Companies intend to use the cash consideration from the Sale to repay a portion of the outstanding balance on the Credit Agreement (as defined below), pay accounts receivable and for working capital.
Third Amendment and Waiver to the Credit Agreement
On March 11, 2015, Cross Border entered into an amendment and waiver (the "Third Amendment") to the Senior First Lien Secured Credit Agreement, dated February 5, 2013, as amended (the "Credit Agreement"), with RMR, Black Rock and RMR Operating (together with Cross Border, the "Borrowers") and Independent Bank ("Lender"). Pursuant to the Third Amendment, (i) the Lender waived any default or right to exercise any remedy as a result of the failure by the Borrowers to be in compliance with the requirements of Section 6.18 of the Credit Agreement with respect to the permitted ratio of consolidated current assets to consolidated current liabilities of Borrowers for the fiscal quarter ended September 30, 2014; and (ii) the borrowing base was decreased from $30 million to $27.8 million, effective as of March 1, 2015, and the commitment amount was decreased to $27.8 million, subject to monthly commitment reductions of $350,000 beginning March 1, 2015.
The foregoing description of the Third Amendment is qualified in its entirety by reference to the Third Amendment, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
Fourth Amendment to the Credit Agreement
In conjunction with the PSA, on April 21, 2015, Cross Border entered into an amendment (the "Fourth Amendment") to the Credit Agreement, with the other Borrowers and the Lender. Pursuant to the Fourth Amendment, the borrowing base was decreased from $27.8 million to $12.4 million, effective as of April 21, 2015, and the commitment amount was decreased to $12.4 million. In addition, the monthly commitment reduction amount was set to $0 as of April 1, 2015.
The foregoing description of the Fourth Amendment is qualified in its entirety by reference to the Fourth Amendment, a copy of which is filed herewith as Exhibit 10.2 and is incorporated herein by reference.
Alan W. Barksdale - Chairman of the Board
Alan Barksdale was named Chairman of the Board for Cross Border Resources effective May 7, 2012. Mr. Barksdale been Red Mountain Resources’ President, Chief Executive Officer and a director since June 2011 and served as their Interim Acting Chief Financial Officer from June 2011 to August 2011. Mr. Barksdale has also served as President of Black Rock since its inception. Mr. Barksdale has also been the owner and president of the StoneStreet Group (“StoneStreet”) since 2008. Mr. Barksdale formed StoneStreet to provide advisory and management services and pursue merchant banking activities. At StoneStreet, Mr. Barksdale oversees the firm’s capital investments, manages its subsidiaries and serves as the senior advisor to StoneStreet’s clients. Through its wholly owned subsidiaries, StoneStreet owns and operates upstream and midstream oil and gas assets, a portfolio of real estate and various investments in oilfield service companies. From January 2007 to April 2010, Mr. Barksdale served as a Director in the Capital Markets Group of Crews & Associates, an investment banking firm, and served as senior banker for approximately 115 transactions. From August 2006 to October 2006, Mr. Barksdale served as an investment banker at Stephens Inc., an investment banking firm. From 2002 to August 2006, Alan W. Barksdale - Chairman of the Board
Alan Barksdale was named Chairman of the Board for Cross Border Resources effective May 7, 2012. Mr. Barksdale been Red Mountain Resources’ President, Chief Executive Officer and a director since June 2011 and served as their Interim Acting Chief Financial Officer from June 2011 to August 2011. Mr. Barksdale has also served as President of Black Rock since its inception. Mr. Barksdale has also been the owner and president of the StoneStreet Group (“StoneStreet”) since 2008. Mr. Barksdale formed StoneStreet to provide advisory and management services and pursue merchant banking activities. At StoneStreet, Mr. Barksdale oversees the firm’s capital investments, manages its subsidiaries and serves as the senior advisor to StoneStreet’s clients. Through its wholly owned subsidiaries, StoneStreet owns and operates upstream and midstream oil and gas assets, a portfolio of real estate and various investments in oilfield service companies. From January 2007 to April 2010, Mr. Barksdale served as a Director in the Capital Markets Group of Crews & Associates, an investment banking firm, and served as senior banker for approximately 115 transactions. From August 2006 to October 2006, Mr. Barksdale served as an investment banker at Stephens Inc., an investment banking firm. From 2002 to August 2006, Mr. Barksdale was an investment banker at Crews & Associates. Mr. Barksdale graduated from the University of Arkansas at Little Rock in 2001 where he received a Bachelor of Business Administration with an emphasis in Finance. He is Alan Barksdale was named Chairman of the Board for Cross Border Resources effective May 7, 2012. Mr. Barksdale been Red Mountain Resources’ President, Chief Executive Officer and a director since June 2011 and served as their Interim Acting Chief Financial Officer from June 2011 to August 2011. Mr. Barksdale has also served as President of Black Rock since its inception. Mr. Barksdale has also been the owner and president of the StoneStreet Group (“StoneStreet”) since 2008. Mr. Barksdale formed StoneStreet to provide advisory and management services and pursue merchant banking activities. At StoneStreet, Mr. Barksdale oversees the firm’s capital investments, manages its subsidiaries and serves as the senior advisor to StoneStreet’s clients. Through its wholly owned subsidiaries, StoneStreet owns and operates upstream and midstream oil and gas assets, a portfolio of real estate and various investments in oilfield service companies. From January 2007 to April 2010, Mr. Barksdale served as a Director in the Capital Markets Group of Crews & Associates, an investment banking firm, and served as senior banker for approximately 115 transactions. From August 2006 to October 2006, Mr. Barksdale served as an investment banker at Stephens Inc., an investment banking firm. From 2002 to August 2006, Mr. Barksdale was an investment banker at Crews & Associates. Mr. Barksdale graduated from the University of Arkansas at Little Rock in 2001 where he received a Bachelor of Business Administration with an emphasis in Finance. He is registered with FINRA, MSRB, PSA and various state securities departments throughout the US. Mr. Barksdale also holds Series 7 and Series 63 licenses.
with FINRA, MSRB, PSA and various state securities departments throughout the US. Mr. Barksdale also holds Series 7 and Series 63 licenses. Barksdale was an investment banker at Crews & Associates. Mr. Barksdale graduated from the University of Arkansas at Little Rock in 2001 where he received a Bachelor of Business Administration with an emphasis in Finance. He is registered with FINRA, MSRB, PSA and various state securities departments throughout the US. Mr. Barksdale also holds Series 7 and Series 63 licenses.
Earl Sebring – Interim President
Earl Sebring was appointed Interim President of Cross Border effective as of June 1, 2012. Mr. Sebring is an exploration geologist with 35 years of experience. Since August 2000, Mr. Sebring has been the owner and President of Sebring Exploration Texas, Inc., an independent exploration company. In 1982, Mr. Sebring became an exploration geologist for Wagner and Brown, eventually becoming Exploration Manager. As Exploration Manager, Mr. Sebring was responsible for handling all foreign and domestic exploration and production efforts. This included directing exploration efforts, staffing those efforts as required, and securing outside industry funding. Mr. Sebring began his career at City Service Oil Company in 1976 where his responsibilities included ascertaining petroleum commercial prospectivity in frontier basins around the world through the use of core, log, geochemical, and out crop data. Mr. Sebring has been involved in drilling, managing, consulting or investing in locations such as the Permian Basin, Gulf Coast, Oklahoma, Southern France, Southern United Kingdom, Argentina, Columbia, Kodiak Shelf of Alaska, Philippines, Southern Australia, Louisiana, New Mexico, Oklahoma and Athabasca Tar Sands. Mr. Sebring graduated from the University of Texas in 1976, where he received a Bachelor's Degree in Geology.
Kenneth Lamb - Chief Accounting Officer, Treasurer, Secretary
Mr. Kenneth S. Lamb was appointed as Chief Accounting Officer, Treasurer, Secretary of Cross Border Resources Inc., effective August 2, 2012. He has experience in corporate accounting, financial reporting, and corporate governance. From December 2008 until May 2011, he was employed by Transatlantic Petroleum, Ltd., an international oil and gas company engaged in the acquisition, exploration, development, and production of crude oil and natural gas, serving as its Director of Internal Audit from December 2008 to July 2010 and its Manager of Financial Reporting and Internal Controls from August 2010 to May 2011. Since leaving Transatlantic Petroleum, he has served as a consultant on accounting matters and special projects for a variety of companies, including Red Mountain Resources, Inc. From July 2007 until November 2008, Mr. Lamb was employed with the Brink’s Company, a company providing security-related services for banks, retailers and other commercial and governmental customers, as Internal Audit Supervisor where he managed financial audits in numerous different countries. Mr. Lamb began his career with PricewaterhouseCoopers in 2000 and worked for KPMG from 2005 to 2006. He received a B.B.A. in Accounting and a B.A. Kenneth Lamb - Chief Accounting Officer, Treasurer, Secretary
Mr. Kenneth S. Lamb was appointed as Chief Accounting Officer, Treasurer, Secretary of Cross Border Resources Inc., effective August 2, 2012. He has experience in corporate accounting, financial reporting, and corporate governance. From December 2008 until May 2011, he was employed by Transatlantic Petroleum, Ltd., an international oil and gas company engaged in the acquisition, exploration, development, and production of crude oil and natural gas, serving as its Director of Internal Audit from December 2008 to July 2010 and its Manager of Financial Reporting and Internal Controls from August 2010 to May 2011. Since leaving Transatlantic Petroleum, he has served as a consultant on accounting matters and special projects for a variety of companies, including Red Mountain Resources, Inc. From July 2007 until November 2008, Mr. Lamb was employed with the Brink’s Company, a company providing security-related services for banks, retailers and other commercial and governmental customers, as Internal Audit Supervisor where he managed financial audits in numerous different countries. Mr. Lamb began his career with PricewaterhouseCoopers in 2000 and worked for KPMG from 2005 to 2006. He received a B.B.A. in Accounting and a B.A. in History from Sam Houston State University and is a licensed Certified Public Accountant.
History from Sam Houston State University and is a licensed Certified Public Accountant.
Paul N. Vassilakos - Independent Director
Paul Vassilakos has been the assistant treasurer of Cullen Agricultural Holding Corp. (“CAH”) since October 2009. CAH is a development stage agricultural company which was formed in connection with the business combination between Triplecrown Acquisition Corp. and Cullen Agricultural Technologies, Inc. (“Cullen Agritech”) in October 2009. At CAH, Mr. Vassilakos is responsible for business development, maintenance of financial accounts and public company reporting. Prior to CAH’s formation, Mr. Vassilakos assisted Triplecrown Acquisition Corp. with the completion of its initial public offering and later the business combination with Cullen Agritech. In July 2007, Mr. Vassilakos founded Petrina Advisors, Inc. (“Petrina”), a privately held advisory firm formed to provide investment banking services for public and privately held companies, and has served as it’s president since it’s formation. Petrina’s clients have consisted of companies which collectively held over one billion dollars in trust, with the aim of completing reverse mergers with privately held companies. Mr. Vassilakos also founded and, since December 2006, serves as the vice president of, Petrina Properties Ltd., a privately held real estate holding company. In July 2007, Mr. Vassilakos was engaged as a consultant to assist Endeavor Acquisition Corp. with it’s business combination with American Apparel Inc., a California based retail apparel company, which was completed in December 2007. From February 2002 through June 2007, Mr. Vassilakos served as vice president of Elmsford Furniture Corp., a privately held furniture retailer in the New York area. From July 2000 through January 2002, Mr. Vassilakos was an Associate within the Greek Coverage Group of Citigroup’s UK Investment Banking Division. During this time, Mr. Vassilakos assisted with the execution of M&A transactions, securitizations, as well as debt and equity offerings for some of Greece’s largest publicly traded companies, including OTE and Antenna TV. From July 1998 through July 2000, Mr. Vassilakos was an Analyst within the Industrial Group of Salomon Smith Barney’s New York Investment Banking Division. During this time, Mr. Vassilakos assisted with the execution of M&A transactions, as well as debt and equity offerings for large US publicly traded industrial companies, including Alcoa, Inc. and Cyprus Amax. From February 1996 through June 1998, Mr. Vassilakos was a Registered Securities Representative at Paine Webber CSC – DJS Securities Ltd, during which time he provided securities brokerage services to private clients. Mr. Vassilakos received a BS in finance from the Leonard N. Stern Undergraduate School of Paul N. Vassilakos - Independent Director
Paul Vassilakos has been the assistant treasurer of Cullen Agricultural Holding Corp. (“CAH”) since October 2009. CAH is a development stage agricultural company which was formed in connection with the business combination between Triplecrown Acquisition Corp. and Cullen Agricultural Technologies, Inc. (“Cullen Agritech”) in October 2009. At CAH, Mr. Vassilakos is responsible for business development, maintenance of financial accounts and public company reporting. Prior to CAH’s formation, Mr. Vassilakos assisted Triplecrown Acquisition Corp. with the completion of its initial public offering and later the business combination with Cullen Agritech. In July 2007, Mr. Vassilakos founded Petrina Advisors, Inc. (“Petrina”), a privately held advisory firm formed to provide investment banking services for public and privately held companies, and has served as it’s president since it’s formation. Petrina’s clients have consisted of companies which collectively held over one billion dollars in trust, with the aim of completing reverse mergers with privately held companies. Mr. Vassilakos also founded and, since December 2006, serves as the vice president of, Petrina Properties Ltd., a privately held real estate holding company. In July 2007, Mr. Vassilakos was engaged as a consultant to assist Endeavor Acquisition Corp. with it’s business combination with American Apparel Inc., a California based retail apparel company, which was completed in December 2007. From February 2002 through June 2007, Mr. Vassilakos served as vice president of Elmsford Furniture Corp., a privately held furniture retailer in the New York area. From July 2000 through January 2002, Mr. Vassilakos was an Associate within the Greek Coverage Group of Citigroup’s UK Investment Banking Division. During this time, Mr. Vassilakos assisted with the execution of M&A transactions, securitizations, as well as debt and equity offerings for some of Greece’s largest publicly traded companies, including OTE and Antenna TV. From July 1998 through July 2000, Mr. Vassilakos was an Analyst within the Industrial Group of Salomon Smith Barney’s New York Investment Banking Division. During this time, Mr. Vassilakos assisted with the execution of M&A transactions, as well as debt and equity offerings for large US publicly traded industrial companies, including Alcoa, Inc. and Cyprus Amax. From February 1996 through June 1998, Mr. Vassilakos was a Registered Securities Representative at Paine Webber CSC – DJS Securities Ltd, during which time he provided securities brokerage services to private clients. Mr. Vassilakos received a BS in finance from the Leonard N. Stern Undergraduate School of Business in 1998 and was a licensed Registered Securities Representative (Series 7 and 63) from February 1996 through February 2002.
in 1998 and was a licensed Registered Securities Representative (Series 7 and 63) from February 1996 through February 2002.
Richard F. LaRoche Jr. - Independent Director
Mr. LaRoche served 27 years with National HealthCare Corporation ("NHC") as Secretary and General Counsel and 14 years as Senior Vice President, retiring from these positions in May 2002. He has served as a Board member since 2002. Mr. LaRoche serves as a director of Lodge Manufacturing Company and Pure (both privately held). He also served on the boards of National Health Investors, Inc. from 1991 through 2008, National Health Realty, Inc. from 1998 through 2007 and Trinsic, Inc. from 2004 through 2006. He serves on NHC's Audit Committee, Nominating and Corporate Governance Committee and Compensation Committee.
He has a law degree from Vanderbilt University (1970) and an A.B. degree from Dartmouth College (1967).
John W. Hawkins - Independent Director
Mr. Hawkins has over 30 years experience in management and accounting for NYSE listed companies. He served as interim CFO of Pure and Aztec Energy Partners, funds, an oil and gas investment partnership. He retired as VP-Treasurer of Dillard Department Stores after 28 years of service. As VP-Treasurer of Dillard's, he managed the treasury department, assisted with the annual audits, managed payroll department, tax department, accounts payable department, worker's compensation and general liability department, and the employee benefits department. He was one of the 401(k) and pension plan administrators. He was heavily involved in the acquisition of 16 companies totaling approximately $2.5 billion in revenue.
Mr. Hawkins received a BBA with a major in accounting from Midwestern University.
He has served on the board of directors of the Self Insurance Institute of America, Ronald McDonald House of Little Rock, Texas Self Insured Association and as chairman of the advisory board of Certergy Inc.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |