Replies to post #1303 on Cross Border Resources, Inc. (XBOR)

[$oldier Hard]

Agreed. Maybe the CEO can enlighten us sometime soon as to the actual potential. Lotsa OIL in that region.

[SeaOhToo]

CCM, what is your estimated cost to drill to the San Andres Reservoir?

My estimate is $500,000 per well. 20 acre infill should produce 20-40 BOPD.

20 BOPD @ 70/oil @ .875NRI is close to a 1 year payback. Any more than 20BOPD is a quicker payback.

I say drill...

[swanlinbar]

The new property supposedly has some current production so maybe they will be able to do some debt financing.