Mainland Resources Inc. (MNLU)
Mainland Resources, Inc. is a growth oriented, independent E&P company traded on the OTC Bulletin Board under the symbol OTC BQ-MNLU. The company focuses on developing prospective trends within the Tuscaloosa to Bossier, Haynesville producing intervals in Louisiana and Mississippi. The Company has currently drilled, logged and cased its initial Burkley Phillips #1 well on its 17,800 contiguous acre Buena Vista prospect in Jefferson County, Mississippi. Core analysis from CoreLab and log analysis from Schlumberger have defined a vertical 2,000 foot stacked pay zone with 3+ zones including Bossier Shale with interbedded porous sandstones, Haynesville Shale and Knowles Lime sections. Gas in place exceeds 500Bcf per section. Mainland holds a 92% working interest and a 75% NRI along with an established industry partner that provides 10% of drilling costs for an 8% working interest.
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