Replies to post #2303 on Cross Border Resources, Inc. (XBOR)

[$oldier Hard]

Debt free is always a good thing, as well as working capital.

[SeaOhToo]

DSU, I created a map showing the approx. location of Dorals 6800 acre, 15 leases. We know the 960 acres is in the same area. See the google map link. Doral's Stearn Property Aquistion

They have various depths rights and various Working Interests % Most wells are producing from the San Andres formation. This formation is currently being CO2 flooded by many different companies. Including KM, OXY, Hess, Exxon, Apache and others.

The posters will get upset at me but I will explain the neighboring fields and who owns them. This will give you a better idea on how to judge the asset. To the west is the Cato field, owned and operated by Cano Petroleum. The are currently waterflooding and expanding the operation. To the East approx 4-5 miles is Enhanced Oil Resources. They are planning a CO2 flood. you can research these assets until Dorals shows the reserves and value of the asset they own.