Mainland Resources, Inc. Enters Agreement for Acreage to Test Expanded Haynesville Shale Area in Mississippi

June 23, 2009 9:15 AM EDT


HOUSTON, June 23 /PRNewswire-FirstCall/ -- Mainland Resources, Inc., (OTC Bulletin Board: MNLU 5MN-Frankfurt) a Nevada Corporation (the "Company") has signed a Letter Agreement to acquire up to 8000 net acres in Mississippi. Mainland will own a 100% Working Interest in the acreage and will be the Operator.


The project has been identified using reprocessed seismic, as well as log information, from a well drilled in the early 1980s by a major oil company. That proprietary data shows prospective Bossier/Haynesville Shale and Hosston formations. The Bossier/Haynesville Shale was not considered a viable or economic production resource in the early 80s and therefore, was not validated during drilling to a deeper prospective target. The well was drilled as a controlled blowout through the Bossier/Haynesville Shale to Total Depth.


According to available well logs from drilling, the identified Bossier/Haynesville Shale is demonstrated to be over 2500 feet thick with extremely large pressures up to or exceeding 20,000 psi. The well was still in the Bossier/Haynesville Shale when drilling operations were discontinued due to high pressures, etc. The Bossier/Haynesville Shale is possibly much thicker than 2500 feet, which is several times thicker than the Bossier/Haynesville Shale encountered in NW Louisiana. The density neutron log from the previous drilling also shows good average porosity from 12% to 15%.


Mainland President Mike Newport states, "We like what we see in this prospect and it could be an excellent addition to our Bossier/Haynesville Shale, and Hosston/Cotton Valley assets in NW Louisiana. If the data bares out, this project could be a truly world-class play where our Company is well-positioned in additional significant Bossier/Haynesville shale."


About Mainland Resources, Inc.

Mainland Resources is a junior company engaged in the exploration and development of oil and gas resources. The Company's current initiatives are focused on the acquisition and development of leases in emerging gas regions with the potential for discoveries including the Haynesville shale.


See: www.mainlandresources.com for more information.


Symbol: MNLU - OTCBB, Symbol: 5MN; Frankfurt, WKN No.: A0ND6N


SAFE HARBOR STATEMENT -THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.


EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH PROPERTY DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM 10-QSB AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.


THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE NASD, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.




SOURCE Mainland Resources, Inc.

Views: 188

Reply to This

Replies to This Discussion

Good gosh amighty, this discussion is about the eastern limits of the Haynesville Shale.
Gray,
The depths referred to in the redefinition you posted are to the Lower Cotton Valley.
The perforations in the Dowling No. 1 well (Section 29, T19N-R4W) that were in the Gray Sand were at the following depths:
12,510' - 12,553'
12,517' - 12,560'

Now, to put this to bed once and for all, the redefinition you have constantly referred to refers to "that gas and condensate bearing sand encountered between 9,370' to 11,300' ".

The Gray Sand in the same well was at the 12,510' - 12,560'.
Gray,
I am certainly no geologist, but I do know this. Yes, there is shale in the Dowling well at those depths, just as there is shale in every cotton valley or almost every other type wells ever drilled fairly deep. There are layers of shale between almost all sands. If they were not separated by shale or another layer, they would then just be one big sand.
But these layers of shale at those depths have NEVER been produced. I would only guess that would be because there is not any producable gas in it.
Jim, no need to get personal on here...I think that comment is totally uncalled for. You need to delete that comment of have one of the moderator's do it for you. That is a pathetic statement you just posted. It shows the type of person you really are...and that is a very sad post.

Jaybird
Mr. Krow - I'm sure I don't know what would make you issue a clinical diagnosis such as that, but I am most humbly asking that you reconsider that post and either revise it to repost or remove it. Please.

sesport
Mr. Krow - I am not a moderator, I do not have the "power button" to remove any posts other than my own. I have never asked a moderator to remove any posts, either.

As far as censoring, no, I ASKED you politely to express what you thought to better understand what the issue is here as it relates to questions I was previously asked on this thread.

I assure you I am most capable of "standing the heat." As for your candid thoughts about my being a "control freak," I thank you. I've asked you twice before if there was an issue. Now, as in a previous instance, I am most relieved to finally know what you think of me.

Sincerely - sesport
Yes, Mr. Krow, it most definitely was a clue that there probably was some unresolved issue. But I still remained civil to you in postings, tried to remember to even thank you for your assistance. Again, thank you for your candor.

ssesport
OK guys, lets just cut to the chase. Certain things do not need to be posted in certain places, and to be quite honest, some things really do not need to be posted at all. And if someone chooses to totally ignore these facts, then they need to live with it. Lets get real, the eastern boundary of the Haynesville Shale is somewhere in Mississippi? And maybe even south Mississippi?
You have got to be kidding me.
I agree, we do not know the exact eastern boundaries of producable Haynesville Shale, but it dang sure is not in Lincoln Parish, much less Mississippi.
And to repeatedly, non stop, continue to try to make people think that is the case is totally against anything the GoHaynesvilleShale website is all about.
Shame on you Parker. I am sorry, I just had to say that. This discussion is a joke, at best. The operator is a joke, the premise is a joke and the whole thing is ridiculous. Sorry again, just my opinion.
In regard to the posts to gray, he is a big boy and he continues to post things that try to prove something that is nothing but pipedreams. And the facts have been presented time and time again. The only thing that surprises me is that more people have not gotten sick of seeing and hearing them.
JT,
This is in no way an effort at thought control. More an effort to get someone to exercise some thought control. Look at the facts. That is what this site is about. It is not a personal attack, but a repeated attempt aimed at someone to get them to listen and hear the facts. And if they are not facts, then disprove them.
I respect the years of experience & knowledge that the pros bring to this site. It keeps the information at a high level.

As a mineral owner, I cant simply give up because someone thinks I am out of the range. Especially when there are maps from many different sources that show the area larger then some believe it to be. If we remember back, the tier I section of the first map showed up the size of a golf ball. Before long the drill bit increased the size of tier I dramatically.
Many believe that as prices go back up, demand increases and sections get HBP, the tier I area will slowly swell even more. Until that can be proven wrong with the bit, thats just what many will go on to believe. And thats just tier I.

Until they drill that dry/unprofitable well right outside the boundaries of this play, we wont know for sure. That could be many years from now.
As educated on this subject as our pros are, we cant say for certain where it stops, can we ?
In the end , isnt it all worth what someone else is willing to pay for it ? Thats what I have read anyway.
Wouldnt be prudent to downplay your own minerals before you got that lease.
Nicely put Snake...and you didn't delete any of the posts, you didn't call anyone deaf, dumb or incapable of reading the english language, and you didn't rely on saying someone needs medication and you didn't tell anyone to FO as Jim Crow seems to want to tell me. LOL That is pathetic...which shows his character and he has to live with that...which I am sure is hard to do.

Perfectly laid out in the english language...and I am happy to say I understood it completely. And I agree. It's probably because I am a land owner and not a landman with interests in leasing someones property.


I hope everyone has a great evening,

Jaybird
Good for you Mr. Crow...good for you! And make sure you leave your post up there so people can read what you're all about.

RSS

© 2020   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service