Replies to post #1293 on Cross Border Resources, Inc. (XBOR)

[kajulie]

Nice! Been waiting for that as he usually files pretty quickly after news. I believe this means they are getting settled into the new office.

[CashCowMoo]

Listen folks, 6800 acres in the Permian Basin is a very good thing to have. Lots of reserves and potential. Expensive to drill, but not as expensive as other areas.

[SeaOhToo]

Where are the other 240 acres? The PR and 8-k filed July 6, state 6800 acres. The previous 8-k filed June 16, Exhibit "A" only lists 6560 acres.

[CashCowMoo]

Ok, so from the PR it says they are drilling to 4100ft right? Well, there has to be some shallower zones, but why wouldnt they produced the shallow zones first? Well there could be a ton of reasons. I wonder if there are a few deeper zones. It is quite common in Texas to have 10 different zones of oil and gas. They got 54 barrels a day on these properties;. Now you can make some money off that, but you really need more. Acreage like that should have 500 barrels a day coming in once fully developed and worked over. I wonder what they plan on doing. You would get about 420,000 dollars a month at 500 barrels a day. That is gross and not net.

[SeaOhToo]

I don't suppose anyone wants to discuss the latest 8-k filing.

Will sure has been working hard! Just not on increasing shareholder value. Most of you said Will is a shareholder friendly COB. Sorry, just don't see it that way.

I think this action just about closes the door on any SP appreciation. Seen it happen to too many companies. I know where this is headed now.