Cross Border Resources, Inc. (XBOR)

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American Standard Energy Enters Into a Letter of Intent to Acquire Cross Border Resources
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Cross Border Res (OTCBB:XBOR)
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Today : Wednesday 23 November 2011
American Standard Energy Corp. (OTCBB: ASEN) today announced the execution of a letter of intent to acquire New Mexico oil and gas operator Cross Border Resources, Inc. (OTCQX: XBOR) which provides that American Standard Energy Corp. has the right to enter into such a transaction with Cross Border Resources, Inc., between November 22, 2011 and January 31, 2012.

(Logo: http://photos.prnewswire.com/prnh/20110523/AQ07208LOGO)

About The CompaniesAmerican Standard Energy Corp. is an exploration and production company based in Scottsdale, Ariz., with operated and non-operated properties in the Permian Basin of West Texas, and non-operated leasehold interests in the Bakken/Three Forks shale region in North Dakota and the Eagle Ford shale region of South Texas. Cross Border Resources, Inc. is an oil and gas exploration and production company headquartered in San Antonio, Texas with leasehold interests and non-operated producing properties primarily in the Permian Basin of southeastern New Mexico and West Texas.