Replies to post #835 on Cross Border Resources, Inc. (XBOR)

[kajulie]

I'm not sure why we continue to have a 750k discrepancy on the board. Can you please be specific about where you are reading this? Here's where I'm getting 725K was paid for two notes in addition to the 5.95 million paid to Macquarie Bank. That leaves over 3 million in surplus to close a 1.7 mill acquisition. Also note the acquisition is 100k less than previously PR'd

http://ih.advfn.com/p.php?pid=nmona&article=43249695&symbol=NB^DRLY
Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company"), is pleased to announce to shareholders that Doral Management has completed on schedule its divestiture of its Hanson Energy Oil and Gas Assets for $10,000,000.00. Use of proceeds will include the re-payment of its Senior Secured Debt with Macquarie Bank Limited, the payoff of all trade debt associated with the Hanson Energy Oil and Gas Assets, and the payoff of two notes, that are now mature due to the divestiture of the assets, in the amount of approximately $725,000.00 leaving the Company enough surplus cash to successfully close on the acquisition of certain South Eastern New Mexico Permian Age producing oil assets described in the Company's press release dated June 15, 2010.

[$oldier Hard]

Use of proceeds will include the re-payment of its Senior Secured Debt with Macquarie Bank Limited, the payoff of all trade debt associated with the Hanson Energy Oil and Gas Assets, and the payoff of two notes, that are now mature due to the divestiture of the assets, in the amount of approximately $725,000.00 leaving the Company enough surplus cash to successfully close on the acquisition of certain South Eastern New Mexico Permian Age producing oil assets described in the Company's press release dated June 15, 2010.

The 2 notes are in the $725,000. Am I reading incorrectly?
I see $3,325,000 left from the recent sale of the Hanson property.
$3,325,000 - $1,700,000 for the acquistion of the new property would = $1,625,000 to the good. Keep in mind this acquisition was originally $1,800,000 but once again Will and the BODs came through.