Cross Border Resources, Inc. (XBOR)

[$oldier Hard]

Good point. Not really sure if they have the 50 Mil credit facility still as they paid off all debt owed to the bank and other notes as well, so I really need to change that to DEBT FREE. with enough left over to complete the acquisition of the 6800 acres within the Permian Basin and have cash in hand afterwords to provide working capital. But gonna have something to eat first if that's ok?

Use of proceeds will include the re-payment of its Senior Secured Debt with Macquarie Bank Limited, the payoff of all trade debt associated with the Hanson Energy Oil and Gas Assets, and the payoff of two notes, that are now mature due to the divestiture of the assets, in the amount of approximately $725,000.00 leaving the Company enough surplus cash to successfully close on the acquisition of certain South Eastern New Mexico Permian Age producing oil assets described in the Company's press release dated June 15, 2010.

Plus maybe, just maybe, enough Ca$h for this as well.

Doral Energy Corp. Adds 960 Acres of Adjacent Oil and Gas Properties to Existing 6,800 Acre Producing Oil and Gas Portfolio