Replies to post #5498 on Cross Border Resources, Inc. (XBOR)

[boomer23]

AMEN! Having to go non consent at $110 oil would be tragic. I can only assume these guys will take the minimum down here to complete the near term AFE's. If the wells are successful a natural price rise would be expected. Do more then. After all, the company is trading basically at NAV right now. It would not be difficult to double production from here with little cash given the output of the Bone Springs wells (400-1,000/day).
It's very tough to acquire an acreage position of this size and characteristics in the Permian. XBOR will be a prime candidate for acquisition. In my opinion anyway.