Cross Border Resources, Inc. (XBOR)

[Ed Ajootian]

kajulie, great to see the equity raise get signed up, presumably still in time for them to meet all their current drilling obligations. I initially thought they might have raised $1 or $2M too much given the price at which they had to do the deal, but with the current volatility in oil prices it probably would not be the worst thing to have an extra million $$ or so sitting in the treasury. For that matter, Will Gray (XBOR CEO) probably has that extra money spent already anyway!

I know at one time they were strongly considering doing a CC once this equity raise was done, hopefully they will not wait until 2Q earnings to do that. I believe they have a great story and its time to start pounding on the drums.