Replies to post #6194 on Cross Border Resources, Inc. (XBOR)

[boomer23]

If you plan on digging further into XBOR I might suggest that you acquaint yourself with RDMP. Not much to glean from the public filings at this early date but it's the deep pockets behind it that will lead to unlocking the potential of the XBOR acreage. RDMP owns 43% of XBOR and is still acquiring shares.
You sound like you know the Permian. You probably know by now you either have it or you don't in the Permian. There are many "company's" in the Permian that are promoted on wastelands touted as being prospective acreage. You should have no problem separating the wheat from the chaff if you check around.

[SeaOhToo]

Jett, your initial DD will lead to first conclude they have a huge acreage position, 868,000 acres....then 295,000 NET acreages.....then only 26,000 are in Permian Basin. Then you get to the Tom Tom Field. Nobody wants to talk about it.....why? Hummm... a call to the BLM and the NMOCD will tell you all you need to know. I was told by bxb "they will get to it when they get to it......" It has been numerous inactive wells and is an environmental nightmare.....

Look at the website to see where the 295,000 acres are....no oil...no gas... no reserve report....The 26,000 acres are totally dependent on others to drill on their leases. (except Tom Tom) Hummmm....without any cash?

Then you get to the current debt situation....maxed out line of credit! Maxed out? They drew down the final $200,000 in April. A total of $9.5 million.

As opposed to the others.....
Owners of neighboring fields, have done extensive remedial work and are infill drilling and prepping for a CO2 Flood in 2015 and have $25 million in cash on hand.

[SeaOhToo]

More scam trades...

It's been going on for a week now....

Buyer beware,

Recent Trades - Last 10 of 11
Time ET Ex Price Change Volume
10:55:55 Q 1.55 0.08 15,000
10:55:55 Q 1.55 0.08 5,000
10:55:51 Q 1.55 0.08 15,000
10:55:51 Q 1.55 0.08 5,000
10:55:47 Q 1.55 0.08 15,000
10:55:47 Q 1.55 0.08 5,000
10:55:43 Q 1.55 0.08 15,000
10:55:43 Q 1.55 0.08 5,000
10:55:37 Q 1.55 0.08 15,000
10:55:37 Q 1.55 0.08 5,000