updated 4/20/2011 7:16:33 AM ET 2011-04-20T11:16:33

SAN ANTONIO, Texas, April 20, 2011 (GLOBE NEWSWIRE) -- Cross Border Resources, Inc. (OTCBB:XBOR), ("Cross Border"), an oil and gas exploration company, today announced that it will present at the RedChip Small-Cap Equities Virtual Conference, to take place April 19-20, 2011.

Mr. E. Will Gray, Chairman & CEO of Cross Border, is scheduled to present on Wednesday, April 20, 2011 at 2:00 p.m. EDT. Following the presentation, investors will have the opportunity to speak one-on-one with Mr. Gray during a 15-minute question-and-answer session. The presentation and Q&A will be webcast live at http://www.RedChip.com and will be archived for a minimum of 30 days.

RedChip's virtual investor conferences are offered throughout the year and feature publicly traded companies from a wide range of industries including oil & gas, alternative energy, biotechnology, manufacturing, industrial mining, basic materials, business software, construction, Internet services, consumer goods, and more. For more information about the RedChip Small-Cap Equities Virtual Conference, please click here.

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, 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.

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: Cross Border Resources, Inc.
         Brad Holmes
         Nine Greenway Plaza, Suite 550
         Houston, TX 77046
         (713)654-4009 - office
         (713)304-6962 - cell
         b_holmes@att.net

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 5.10%
$30K home equity loan FICO 5.20%
$75K home equity loan FICO 4.65%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.36%
13.34%
Cash Back Cards 17.87%
17.82%
Rewards Cards 17.11%
17.07%
Source: Bankrate.com