Replies to post #6060 on Cross Border Resources, Inc. (XBOR)

[boomer23]

Ed, the "deep pockets" are the investors behind RDMP. I don't think RDMP has any intention of putting substantial cash on their balance sheet until such time as it's required. They have not been in drill mode having only drilled a handful of wells to date but rather they have been in acquisition mode. If they are going to complete the Swan transaction they will have to come with at least $20mm before July 1st unless the deal is altered or extended.
XBOR can most likeley expect that with RDMP being the largest shareholder by a large margin now, XBOR's cash needs will be addressed by RDMP in one fashion or another. RDMP has known for a long time what XBOR has.