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Last $0.80 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

cross border resources inc (XBOR) Snapshot

Open
$0.80
Previous Close
$0.80
Day High
$0.80
Day Low
$0.80
52 Week High
08/19/14 - $1.64
52 Week Low
03/24/15 - $0.29
Market Cap
13.9M
Average Volume 10 Days
605.9
EPS TTM
$0.20
Shares Outstanding
17.3M
EX-Date
--
P/E TM
4.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for CROSS BORDER RESOURCES INC (XBOR)

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cross border resources inc (XBOR) Details

Cross Border Resources, Inc., an independent natural gas and oil company, is engaged in the acquisition, exploration, development, and exploitation of natural gas and oil reserves in North America. The company primarily focuses on the area of the State of New Mexico, principally southeastern New Mexico. It owns approximately 865,893 gross and 293,843 net mineral and lease acres in New Mexico and Texas. The company is headquartered in Dallas, Texas. Cross Border Resources, Inc. is a subsidiary of Red Mountain Resources, Inc.

cross border resources inc (XBOR) Top Compensated Officers

Principal Executive Officer and Interim Presi...
Total Annual Compensation: $200.0K
Principal Financial Officer, Chief Accounting...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

cross border resources inc (XBOR) Key Developments

Cross Border Resources, Inc. announced delayed 10-Q filing

On 11/17/2014, Cross Border Resources, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Cross Border Resources, Inc. Enters into Settlement Agreement with KeyBanc Capital Markets, Inc

On August 26, 2014, Cross Border Resources, Inc. entered into a settlement agreement with KeyBanc Capital Markets, Inc. settling a lawsuit between the parties. The lawsuit related to an engagement letter pursuant to which KeyBanc was to act as the exclusive financial advisor to Cross Border's board of directors in connection with a possible transaction as defined in the engagement letter. In connection with the settlement, Cross Border agreed to pay KeyBanc $900,000 in three equal installments on or before August 28, 2014, October 31, 2014 and December 31, 2014, and the parties agreed to mutual releases of liability related to the engagement letter.

Cross Border Resources, Inc. Announces Unaudited Financial and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

Cross Border Resources, Inc. announced unaudited financial and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company's oil and gas sales were $3,690,895 compared to $3,461,249 a year ago. Income from operations was $1,778,022 compared to $293,502 a year ago. Income before income taxes was $1,557,628 compared to $240,284 a year ago. Net income was $1,557,628 or $0.07 per diluted share compared to $240,284 or $0.01 per diluted share a year ago. For the six months, oil and gas sales were $7,187,677 compared to $6,794,047 a year ago. Income from operations was $3,126,213 compared to $1,555,086 a year ago. Income before income taxes was $2,720,117 compared to $2,044,959 a year ago. Net income was $2,720,117 or $0.13 per diluted share compared to $2,044,959 or $0.10 per diluted share a year ago. Net cash provided by operating activities was $4,275,100 compared to $5,360,653 a year ago. Capital expenditures - oil and gas properties were $1,391,496 compared to $6,862,343 a year ago. The decrease in net cash provided by operating activities was primarily due to a $2.7 million profit, $1.9 million of non-cash depletion and depreciation, and $0.6 million changes in working capital. For the quarter, the company's oil production sold was 33,250 Bbl compared to 35,601 Bbl a year ago. Natural gas production sold was 77,075 Mcf compared to 56,550 Mcf a year ago. Natural gas liquids production sold was 3,733 Bbl compared to 1,986 Bbl a year ago. Total production sold was 49,829 Boe compared to 47,012 Boe a year ago. Total production sold was 554 Boe/d compared to 517 Boe/d a year ago. For the six months, the company's oil production sold was 66,670 Bbl compared to 63,628 Bbl a year ago. Natural gas production sold was 144,307 Mcf compared to 145,992 Mcf a year ago. Natural gas liquids production sold was 7,381 Bbl compared to 3,007 Bbl a year ago. Total production sold was 98,101 Boe compared to 90,967 Boe a year ago. Total production sold was 542 Boe/d compared to 503 Boe/d a year ago.

 

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Price/Sales 1.1x
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Price/Cash Flow 1.9x
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