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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
CROSS BORDER RESOURCES, INC.
(Name of Issuer)
COMMON STOCK, $0.001 PER SHARE PAR VALUE
(Title of Class of Securities)
227443 108
(CUSIP Number)
February 17, 2011
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
1. Names of Reporting Persons: LBA Capital Partners, LLC
20-8481467
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [_]
(b) [_]
NOT APPLICABLE
3. SEC Use Only:
4. Citizenship or Place of Organization: Arkansas
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power: 843,017 SHARES
6. Shared Voting Power: NOT APPLICABLE
7. Sole Dispositive Power: 843,017 SHARES
8. Shared Dispositive Power: NOT APPLICABLE
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
843,017 SHARES
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):
NOT APPLICABLE
11. Percent of Class Represented by Amount in Row (9): 6.8%
12. Type of Reporting Person (See Instructions):
OO (Other) Limited Liability Company
CUSIP No. 227443 108
1. Names of Reporting Persons: Stephen Blake Murchison
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) [_]
(b) [_]
NOT APPLICABLE
3. SEC Use Only:
4. Citizenship or Place of Organization: Arkansas
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power: 1,120,206 SHARES
6. Shared Voting Power: NOT APPLICABLE
7. Sole Dispositive Power: 1,120,206 SHARES
8. Shared Dispositive Power: NOT APPLICABLE
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,120,206 SHARES
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):
NOT APPLICABLE
11. Percent of Class Represented by Amount in Row (9): 9.0%
12. Type of Reporting Person (See Instructions): IN (Individual)
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SCHEDULE 13G
Item 1
(a) Name of Issuer:
Cross Border Resources, Inc.
(b) Address of Issuer's Principal Executive Offices:
22610 U.S. Highway 281 N.
San Antonio, TX 78258
Item 2
(a) Name of Person Filing:
Stephen Blake Murchison, as managing member of LBA Capital Partners,
LLC and as trustee of the Murchison Living Trust,
may be deemed to be the beneficial owner of 1,120,206 shares
which are the subject of this Schedule 13G.
LBA Capital Partners, LLC, as record holder of 843,017 shares which
are the subject of this Schedule 13G, may be deemed to be
beneficial owner of 843,017 shares.
Both Mr. Murchison and LBA Capital Partners, LLC are collectively
the "Reporting Persons."
(b) Address of Principal Business Office or, if none,
Residence:
The principal business address of the Reporting Persons is
38 Germany Ct, Little Rock, AR 72223.
(c) Citizenship:
Stephen Blake Murchison is a citizen of the State of Arkansas.
LBA Capital Partners, LLC is a limited liability company organized
under the laws of the State of Arkansas.
(d) Title of Class of Securities:
Common stock, par value $0.001 per share
(e) CUSIP Number:
227443 108
Item 3 If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b) or (c), check whether the person filing is a:
a. [ ] Broker or dealer registered under Section 15 of the Act.
b. [ ] Bank as defined in Section 3(a)(6) of the Act.
c. [ ] Insurance company as defined in Section 3(a)(19) of the Act.
d. [ ] Investment company registered under Section 8 of the Investment
Company Act of 1940.
e. [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
f. [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
g. [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
h. [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
i. [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment
Company Act of 1940;
j. [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4 Ownership:
Reference is hereby made to Items 5-9 and 11 of the cover page of this
Schedule 13G, which Items are incorporated by reference herein.
843,017 shares to which this Schedule 13G relates
are owned of record by LBA Capital Partners, LLC, for which Stephen
Blake Murchison serves as managing member.
277,189 shares to which this Schedule 13G relates are owned of
record by the Murchison Living Trust, for which Stephen Blake
Murchison serves as trustee.
Mr. Murchison, as managing member and trustee, may therefore
be deemed to beneficially own 1,120,206 shares (the "Shares") for purposes of
Rule 13d-3 of the Securities Exchange Act of 1934, insofar as
he may be deemed to have the power to direct the voting or disposition
of those Shares.
Neither the filing of this Schedule 13G nor any of its contents shall be deemed
to constitute an admission that Mr. Murchison is the beneficial owner of the
Shares and he disclaims beneficial ownership as to the Shares.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable.
Item 7 Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent Holding Company:
Not Applicable.
Item 8 Identification and Classification of Members of the Group:
Not Applicable.
Item 9 Notice of Dissolution of Group:
Not Applicable.
Item 10 Certification:
By signing below the undersigned certifies that, to the best
of its knowledge and belief, the securities referred to above were acquired
and are held in the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose
or effect.
The Reporting Persons have agreed that this Schedule 13G may
be filed by Stephen Blake Murchison on behalf of all of them jointly pursuant
to Rule 13d-1(k)(1). A copy of such agreement is attached as an Exhibit to
this Schedule 13G.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: March 3, 2011
LBA CAPITAL PARTNERS, LLC
/s/ Stephen Blake Murchison
Name: Stephen Blake Murchison
Title: Managing Member