Cross Border Resources Inc. provided an operations update on its Permian Basin interests in New Mexico and West Texas. Production rates for the Cimarex SE Lusk 33 #3H were approximately 855 barrels of oil equivalent per day (boepd) after more than 40 days of production, and approximately 578 boepd for the Cimarex 33 #2H after 12 days of production. Additionally, the company reported that the Mewbourne Zircon 2 #1H is producing nearly 500 boepd after its first 60 days of production. The Mewbourne Ocelot 34 Fed Com #1H was placed on production on March 13, 2012 after wellbore cleanout, with production results to be released within the next two weeks. The Occidental Fecta 33 Fed Com #1H has reached total depth and is currently awaiting completion. Open-hole data is very encouraging, and this well offsets Concho Resources' Magnum Pronto St. Com #4H, which has produced cumulative 238 thousand barrels of oil equivalent (mboe) in 10 months. As of December 2011, the well averaged 425 boepd. Production contributions net to the company's interest from the recent 2nd Bone Spring drilling activities are approximately 457 boepd. In addition to the above mentioned wells, the company intends to participate in seven additional gross 2nd Bone Spring wells in 2012 with an average working interest of approximately 15%. The company is currently participating in either the drilling or completion of four gross wells targeting the Wolfberry, Yeso, and San Andres/Grayburg. Management expects to participate in one additional gross well during March with a primary focus on the Wolfberry. The company expects to release, in a timely fashion, results of the wells that are currently awaiting completion.