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.
In 2008 Mainland was an early entrant into the DeSoto Parish, Louisiana Haynesville trend and, along with its partner PetroHawk, successfully developed Haynesville Shale natural gas production in this prolific play. At the peak of value realization, Mainland sold its interest in the Haynesville Shale but retained 2,640 gross acres that are HBP (Held by Production) within a proven producing trend with direct evidence of Hosston/Cotton Valley gas prospectivity as identified in five wells the Company drilled with PetroHawk in this field. DeSoto Parish, Louisiana region was transformed in 2008 with prolific gas discoveries in the Haynesville, Cotton Valley and Hosston formations. Following announcements by Chesapeake Energy, the play emerged as one of the country’s newest sizable gas discoveries. It is now considered to be the fourth largest gas field in the world and a hugely successful gas play controlled by major producers. Ryder Scott Company Petroleum Consultants has reported that Mainland’s retained acreage contains reserves of 65Bcf using a 65 well project.
Mainland continues to identify opportunities within its focus expertise and has acquired additional acreage in Wilkinson County, Mississippi targeting oil and gas prospectivity encountered in offset wells.
Mainland is a proven exploration company with a business plan to proactively identify opportunities in developing and emerging trends where we can capture prospective acreage with attractive terms.
