Cross Border Resources (XBOR)

XBOR: Cross Border Resources (formerly DRLYD)

Current development of Cross Border Resources’ acreage is focused on our prospective Bone Spring acreage located in the heart of the 1st and 2nd Bone Spring play. This play encompasses approximately 4,390 square miles across both New Mexico and Texas. Cross Border currently owns varying, non-operated working interest in both Eddy and Lea counties, New Mexico, along with our working interest partners that include Cimarex, Apache, and Mewbourne. Additional development is currently underway on our Abo, Yeso, and San Andres acreage with our other working interest partners, Concho Resources and Cimarex. Cross Border Resources currently has a robust drilling inventory across these formations with varying non-operated working interests ranging from 3%-90%. Ultimately, Cross Border Resources will seek to become the premier non-operated working interest owner in the various emerging plays within the Permian Basin, in addition to participating in more conventional plays to provide a balanced oil and gas portfolio to shareholders.