SAN ANTONIO, Texas, Feb. 14, 2011 (GLOBE NEWSWIRE) -- Cross Border Resources, Inc. (OTCBB:XBOR), ("Cross Border" or "the Company"), announced that it will be conducting a series of one-on-one meetings with investors beginning today through Thursday, February 17th in Houston, Texas. Additional one-on-one meetings will be held with East Coast investors beginning February 28, 2011 through March 4, 2011 in New York City, Boston, and Connecticut. CEO Everett Willard "Will" Gray II will discuss the company's current Permian Basin oil and gas portfolio as well as a general overview of the Company's financial status. Discussions will also focus on Cross Border's current Bone Spring drilling locations and updates on both current and future drilling activity within both the Bone Spring as well as the company's conventional Permian Basin targets. The PowerPoint presentation used for the one-on-ones is currently available on Cross Borders' website at www.xbres.com. Forward additional meeting requests to willg@xbres.com.
About Cross Border Resources
Cross Border Resources is 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, and San Andres.
Forward Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's filings with the US Securities and Exchange Commission.