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Bobwins

05/24/11 2:07 PM

#9064 RE: Ed Ajootian #9060

xbor.ob +.54 to 2.65 only 13,966 but this is a very lightly traded stock so not unusual volume.

I bought some over the past couple of weeks at around 1.75 and sold it this past week for around $2 because I participated in the PP for 1.50. Shares and warrants so I will hold both until I set how the drill program affects production and cashflow.

Warrants are especially attractive because they have a 5 yr maturity. Lots of time for Xbor to build into a bigger player in the Permian and elsewhere. Also give them time for ngas prices to recover. They have several hundred thousand acres in New Mexico that is prospective for gas but not too profitable at today's prices.

Bobwins