Cross Border Resources, Inc. (XBOR)

[SeaOhToo]

IDK at this point. I do know the Cato Oilfield (of which Wattam Well #1 is listed) is under a flood by Cano Petroleum. Cano is merging with Resaca. But having trouble with the IPO. See link: http://www.businesswire.com/portal/site/canopetro/permalink/?ndmViewId=news_view&newsId=20100629007012&newsLang=en

Cano Petro of New Mexico, Inc., our wholly-owned subsidiary, acquired certain oil and gas properties in the Permian Basin in March 2007 for approximately $8.4 million, after purchase price adjustments (the "Cato Properties"). The purchase price consisted of approximately $6.6 million in cash and 404,204 shares of Cano restricted common stock, which was valued at $4.59 per share. The Cato Properties include roughly 20,000 acres across three fields in Chaves and Roosevelt Counties, New Mexico. The prime asset is the roughly 15,000 acre Cato Field, which produces from the historically prolific San Andres formation, which has been successfully waterflooded in the Permian Basin for over 30 years. The Cato Properties were not previously waterflooded. Proved reserves as of June 30, 2009 attributable to the Cato Properties are 16 MMBOE, of which 1.9 MMBOE are PDP, 0.5 MMBOE are PDNP and 13.6 MMBOE are PUD.