Cross Border Resources, Inc. (XBOR): Year over year growth my kind of play....

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Timothy Smith

Re: SeaOhToo post# 6145

Sunday, 07/08/2012 5:46:25 PM

Sunday, July 08, 2012 5:46:25 PM

Year over year growth my kind of play.

First Quarter 2012 Financial and Operating Highlights

Oil and gas revenues increased by 128% year-over-year to $3.6 million, up from $1.6 million in the first quarter of 2011.

Production volume totaled 41,477 barrels of oil equivalent ("boe"), an increase of 91% compared to 21,772 boe in the first quarter of 2011.

Average daily production sold during the first quarter of 2012 was 456 barrels of oil equivalent per day ("boepd") compared to 242 boepd for the first quarter of 2011. The daily average sales rate for March 2012 was 750 boepd.

Adjusted EBITDA increased 277.4% year-over-year to $2.0 million, up from $0.5 million in the first quarter of 2011.

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink