SAN ANTONIO, June 2, 2011 /PRNewswire/ -- Cross Border Resources, Inc. (OTCBB: XBOR) ("Cross Border" or the "Company"), an oil and gas exploration company, today announced that it has engaged RedChip Companies, Inc. to lead its public and investor relations efforts.
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"We were impressed by RedChip's accomplished track record and expertise in the small-cap sector," stated E. Will Gray II, Chairman and CEO of Cross Border. "RedChip's platform of products and services is also unmatched in the industry. We look forward to having RedChip as part of our team as we work to broaden our investor base and seek a NASDAQ listing."
"We are excited about the opportunity to represent Cross Border," stated Dave Gentry, President of RedChip Companies, Inc. "Cross Border has a growing base of proven reserves in one of the nation's top oil and gas producing regions, providing investors with a strong value opportunity. The Company has an experienced management team and recently applied for an uplisting to the NASDAQ Capital Market. We plan to implement a comprehensive investor relations program and introduce Cross Border to our extensive investor network."
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Beijing, China and Seoul, Korea. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV™, Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio™. To learn more about RedChip's products and services, please visit: http://www.redchip.com/visibility/productsandservices.asp.
"Discovering Tomorrow's Blue Chips Today"™
About Cross Border Resources, Inc.
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 as well as our Wolfberry acreage located in West Texas. Cross Border Resources currently owns approximately 31,000 net acres within the Permian Basin. For more information about Cross Border Resources, please visit http://www.xbres.com.
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.
Contact:
Investor Relations Contact:
Jon Cunningham
RedChip Companies, Inc.
Tel: +1-800-733-2447, Ext. 107
[email protected]
http://www.redchip.com
Company Contact:
Cross Border Resources, Inc.
Everett Willard "Will" Gray II
[email protected]
or
P. Mark Stark
[email protected]
22610 US Highway 281 North, Suite 218
San Antonio, TX 78258
(210) 226-6700
SOURCE Cross Border Resources, Inc.
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