Replies to post #5558 on Cross Border Resources, Inc. (XBOR)

[boomer23]

Sounds exactly like EOR. On topic...what differentiates the two?
You are completely irrational when you suggest they fund the entire budget at these prices. Why not fund the minimum and raise the PV-10 (assuming success) with which you correllate share price to and do a later raise???
I'm not sure what strategy you endorse but funding the entire Capex at these levels is silly at best! WHY?
Do as little as possible now and let the results build shareholder value for the future capital requirements!
What am I missing here?
"Fund the expected budget in full. Failure to do so will look very negatively on the SP."
Exactly the opposite! Fund the short term requirement and let the results determine the next round's terms!
CHK had MASSIVE capital requirements and dilution years ago and only raised enough to exploit near term prospects. $3 to $60. I'm not comparing XBOR to CHK but look at all successful E&P companies (NOG great example). Fund your current AFE's and ride the results!