Second Amended Reorganization Plan and Disclosure Statement Filed by RMR Operating, LLC
June 22, 2018 at 12:00 am
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RMR Operating, LLC, along with its affiliates, filed second amended joint plan of reorganization and disclosure statement in the US Bankruptcy Court on June 22, 2018. As per the amended plan filed, two new claim classes added in plan. All allowed priority non-tax claims against Cross Border will be paid equal to allowed amount in form of cash and allowed claims of mineral owners shall retain all rights under their agreement with the debtor. There is no other change in the treatment of claims and classes.
Cross Border Resources, Inc. an independent natural gas and oil company engaged in the exploration, development, exploitation, and acquisition 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. As of June 30, 2014, the Company owned over 865,893 gross (approximately 293,843 net) mineral and lease acres in New Mexico. The Companyâs producing oil and natural gas properties are concentrated in the Permian Basin. The Companyâs main area of focus is the Tom Tom/Tomahawk Prospect, where the Company would continue work on the field alongside the execution of its remediation plan. A significant majority of its acreage consists of either owned mineral rights or leases held by production.
CROSS BORDER RESOURCES, INC. 
