Cross Border Resources, Inc. (XBOR)

[Ed Ajootian]

boomer, this talk about whether they "promised" to drill 25 wells or not is pretty silly and unfortunately shows how pollyanna-ish that both of you guys are. Companies make forward-looking statements, and we're all (or maybe most of us are) big boys & girls here and we know that things might not turn out like the company thinks or hopes they will. We especially know this to be the case for a non-operator vs. an operator. If we don't then we probably shouldn't be investing in this industry.

Above being said, has anybody actually tried to count all the wells that XBOR participated in last year? Not sure if it got up to 25 (gross) but they drilled a helluva lotta wells. I'm very pleased with how the company performed in the field last year. It would have been foolhardy to participate in any more wells than they did because if they did, they would have run out of cash even sooner than they did and backed themselves up against the wall having to beg borrow & steal to meet AFE's.