SAN ANTONIO, April 6, 2011 (GLOBE NEWSWIRE) -- Cross Border Resources, Inc. (OTCBB:XBOR) ("Cross Border" or "the Company") today announced it will host a breakfast table at the upcoming Independent Petroleum Association of American (IPAA) Oil & Gas Investment Symposium.
The IPAA Oil & Gas Investment Symposium, being held in New York City at the New York Sheraton Hotel and Towers April 11-13, is the premier outlet for publicly traded independent exploration and production, and service and supply companies to present their company profiles to the investment community. Last year's Symposium attracted over 1,600 attendees, including more than 800 buy/sell-side analysts and portfolio managers and 100 presenting companies.
Mr. E. Will Gray II, Chairman and CEO, along with Mr. Larry Risley, Director and President, will host a breakfast table on Monday, April 11, Tuesday April 12, and Wednesday, April 13 beginning at 7:30 AM, and any conference attendees interested in learning more about Cross Border Resources are invited to join these gentlemen.
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 located with Southeastern New Mexico and the Wolfberry Trend located within West Texas. Approximately 31,000 net acres of Cross Border Resources' existing acreage exists within the prolific Permian Basin.
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.