Cross Border Resources, Inc. (XBOR) Provides Investor Update

QualityStocks would like to highlight Cross Border Resources (OTCBB: XBOR), an oil and gas exploration company, headquartered in San Antonio, Texas, focusing on non-operated opportunities with proven operators within the Permian Basin. Cross Border consists of over 800,000 gross (approximately 300,000 net) mineral and lease acres within the state of New Mexico targeting various emerging plays including the 1st & 2nd Bone Spring, and more conventional plays such as the Abo, Yeso, San Andres as well as our Wolfberry acreage located in West Texas. Cross Border Resources currently owns approximately 31,000 net acres within the Permian Basin.
In the company’s news yesterday,

Cross Border Resources offered an updated report on operations at the company’s Concho Resources Leo 3 Fed Com #1H in Chaves County, NM.

The Com #1H is a horizontal well targeting the basal Abo/Wolfcamp and has reached a total depth of some 13k feet. With a 6.25% working interest in the well (4.69% net royalty interest), XBOR is very pleased to see good oil and gas levels coming back from Com #1H in the mud log data.

Chairman and CEO of XBOR, E. Will Gray II, underscored the 200-250 MBOE range for total recovery typical in Abo wells and pointed out that the company holds identical interests in three potential offsets to Com #1H. The company listed all four wells in the last reserve report as possible reserves and with a such sizeable basket of other holdings in nearby Eddy, Lea, and Roosevelt counties, XBOR has become a rising production star in the region.

Gray expressed his great pleasure at the success of operations in New Mexico as a whole, pointing to the progress made with San Andres, Yeso and especially Abo targets as leading indicators of XBOR’s ability to tackle the massive acreage within the company’s purview. Gray explained that the company’s work in the Bone Spring play, which while unconventional, holds great promise, really rounds out XBOR’s holdings in the region, making for an attractive portfolio emphasizing non-operated opportunities.

Gray concluded by pointing out the two direct offsets to the company’s acreage being run by Cimarex, which are now in production at an average output rate of 369 bopd, with 242 mcfd of gas and 230 bopd, with 163 mcfd respectively. Expectations and confidence are quite high for the Com #1H and its offsets moving forward and XBOR anticipates offerings another update as soon as possible regarding this and other ongoing developments in New Mexico.

About QualityStocks

QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.