Replies to post #2287 on Cross Border Resources, Inc. (XBOR)

[downsideup]

"Could DRLY be next ?"

LOL!!! There isn't any way to answer that without knowing anything at all about the leases...

Are they sitting on proven but undrilled leases that are at the core of the hottest oil play on the planet... or are they pitching you on moose pasture...

Who knows anything about the leases ?

From what I can see, there isn't anyone here who knows a damned thing about them...

[swanlinbar]

DRLY Stearns property. 6560 acres, 48 wells, 31 producing....
In Chaves and Roosevelt Counties, NM

DESCRIPTION
Gross
Lease
Acreage Doral Interests
Working
WI Net Revenue
NRI
1
2
Amoco Federal Lease: United States Oil and Gas Lease Serial No. NM-13418, insofar as said lease covers the following described land in Chaves County:
Township 7 South, Range 31 East, N.M.P.M.
Section 23 : E2 SW4
Section 26: N2 SW4, SW4, SW4, SW4,SE4
LIMITED IN DEPTH from the surface to 4,250'
360.00
0.56103700
0.48726600
Hahn Federal Lease: United States Oil and Gas Lease NM-15677, insofar as said lease cover the following described land in Chaves County:
Township 7 South, Range 31 East, N.M.P.M.
Section 20: NE4
Section 21: NE4
Section 22: E2
Section 23: SE4
Section 27: S2
Section 31: Lots 1&2, E2 NW4, NE4
ALL RIGHTS, ALL DEPTHS
1,440.00
0.78125000
0.71953100
3
Hahn Federal "A" Lease: United States Oil and Gas Lease Serial No. NM-16637 insofar as sai lease covers the following described land in Chaves County:
Township 7 South, Range 31 East N.M.P.M.
Section 18: Lots 1&2, E2 NW4
Section 27: N2
Section 28: NE4, N2 SE4, SE4 SE4
ALL RIGHTS, ALL DEPTHS
760.00
0.78125000
0.71953100
4
Miller Federal 1,3,5,6 Lease: United States Oil and Gas Lease Serial No. NM-046153-A insofar as said lease covers the following described land in Chaves County:
Township 7 South, Range 31 East, N.M.P.M.
Section 34: SE4 SE4, NW4 SE4, SE4 NE4, SE4 NW4, SW4 SW4
LIMITED IN DEPTH from the surface to 4,485'
200.00 1.00000000
0.81458000
5
Miller Federal 7,8,9 Lease: United States Oil and Gas Lease Serial No. NM-046153-A, insofar as said lease covers the following described land in ChavesCounty:
Township 7 South, Range 31 East, N.M.P.M.
Section 35: NW4 SW4, NE4 SE4, SE4 SE4, NW4 SE4
LIMITED IN DEPTH from the surface to 4,485'
160.00 1.00000000
0.81458000
DESCRIPTION Gross
Lease
Acreage Doral Interests
Working
WI Net Revenue
NRI
6
Mountain Federal Lease: United States Oil and Gas Lease Serial No. NM-80166, insofar as
said lease covers the following described land in Roosevelt County:
Township 7 South, Range 32 East, N. M.P.M.
Section 30: NE4, E2 NW4
LIMITED IN DEPTH from the surface to the top of the San Andres formation
240.00
1.00000000
0.75000000
7
New Mexico "BA" State Lease: New Mexico Oil and Gas Lease,
insofar as said lease covers the following described land in Chaves County:
Township 8 South, Range 31 East, N.M.P.M.
Section 16: N2 NW4, S2 NE4, NE4 SW4
LIMITED IN DEPTH from the surface to 4,080'
200.00 1.00000000
0.875000
8
Nuckols "24" Lease: State of New Mexico Oil and Gas Lease, insofar as said lease covers th
following described land in Chaves County:
Township 7 South, Range 31 East, N.M.P.M.
Section 24: All
Section 23: N2 NE4
Section 14: S2 SE4
Section 13: SE4
LIMITED IN DEPTH from the surface to the base of the Sn Andres formation
960.00
0.78728800
0.66371200
9
Southard "26"Lease: State of New Mexico Oil and Gas Lease, insofar as said lease covers th
following described land in Chaves County:
Township 7 South, Range 31 East, N.M.P.M.
Section 26: NW4
ALL RIGHTS, ALL DEPTHS
160.00
0.59606000
0.49843000
10
Southard "A" Lease: State of New Mexico Oil and Gas Lease, insofar as said lease covers th
following described land in Chaves County:
Township 7 South, Range 31 East, N. M. P. M.
Section 26: NE4
ALL RIGHTS, ALL DEPTHS
160.00
0.37952000
0.32293000
11
State "32" Lease: State of New Mexico Oil and Gas Lease No. K-3754, insofar as said leas
covers the following described land in Chaves County:
Township 7 South, Range 31 East, N.M.P.M.
Section 32: E2 NE4, NE4 NW4, S2 SW4, NW4 SE4
LIMITED IN DEPTH from the surface to 4,100'
240.00
1.00000000
0.75000000
12
Strange Federal Lease: United States Oil and Gas Lease Serial No. NM-15677-A, insofar as
said lease covers the following described land in Chaves County:
Township 7 South, Range 31 East, N.M.P.M.
Section 25: S2
LIMITED IN DEPTH from the surface to base of San Andres formation
320.00
1.00000000
0.84600000
13
Sunray State Lease: New Mexico Oil and Gas Lease, insofar as said lease covers the followin
described land in Chaves County:
Township 8 South, Range 31 East, N.M.P.M.
Section 16: S2 NW4
LIMITED IN DEPTH from the surface to 3,973'
80.00
1.00000000
0.75000000
14
Tom "36" State Lease: State of New Mexico Oil and Gas Lease No. L-5120, insofar as
said leases covers the following described land in Chaves County:
Township 7 South, Range 31 East, N.M.P.M.
Section 36: NE4 NE4, S2 NE4, NE4 NW4, SE4
LIMITED IN DEPTH from
320.00 1.00000000
0.80000000
EXHIBIT "A" - Properties Page 2 of 3
DESCRIPTION
Gross
Lease
Acreage Doral Interests
Working
WI Net Revenue
NRI
15
Wattam Federal Lease: United States Oil and Gas Serial No. NM-15016, insofar as said lease
covers the following described land in Chaves County:
Township 8 South, Range 31 East, N.M.P.M.
Section 6: Lots 2&4, SE4 NW4, SE4 NE4
Section 7: Lots 2,3&4, E2, SE4 NW4, E2 SW4
Section 8: S2 NW4, SW4
ALL RIGHTS, ALL DEPTHS
960.00
1.00000000
0.79000000
16 TOTALS 6,560.00