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Re: boomer23 post# 6037

Wednesday, 05/02/2012 8:14:37 PM

Wednesday, May 02, 2012 8:14:37 PM

Post# of 7618
I'm holding tight right now. With the trading all but suspended I have little choice in any event.

I am encouraged by the provision in the settlement agreement that the new directors will not seek to merge XBOR with RDMP prior to 12/31/12. This means that we will get a chance to see how this company will do for 3Q. 3Q is going to be huge since that will represent the first full quarter of production for this latest round of Bone Spring wells.

Its been quite awhile since the last ops update, hopefully we get one soon.