Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on June 16, 2010 at 7:21

Mainland's Mississippi "haynesville" interest has been discussed quite a bit. In general, Mainland talks a lot but doesn't do much. And they have experienced problems attracting and keeping joint venture partners for development of their MS leasehold. They sold out of their NW. LA. lease rights for a relatively small price, around $20M if memory serves. Here is a link to the Mainland discussion contained in the GHS archive.

http://www.gohaynesvilleshale.com/forum/topic/search?q=Mainland+Res...

NY Times:
Company Information
Mainland Resources, Inc is a natural resource exploration company engaged in the exploration, acquisition and development of oil and gas properties in North America. The Company is developing the natural gas potential of leases in the northern Louisiana Haynesville Shale play. The Company focuses on exploring oil and gas prospects located in Louisiana and Mississippi. Mainland Resources, Inc. is engaged in the exploration and development of two oil and gas prospects in the southern United States. The Company focuses on exploring and developing certain natural gas leases covering approximately 2,904 net acres in the East Holly Field of De Soto Parish, in the State of Louisiana. Its East Holly Field leases cover a central area in the Haynesville Shale discovery in northwest Louisiana. The Company's Mississippi Prospect is located along the Gulf Coast Salt Basin in a region.

Stock quote:
http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance....

A number of new search results appear now when you Google Mainland Resources. Several have this hook or something similar. Of course you have to sign up to get the particulars.

MNLU May Be A Scam

Shocking MNLU Info That Proves It! Find Out What Everyone Missed!

Permalink Reply by HBP on June 16, 2010 at 11:48

MIchael,
While I share Skip's skepticism (below) of mainland's stock and longterm intentions - I did read that they were going forward with an initial test which is going to be about 10 miles east of Waterproof, LA and not far from Fayette in MS - but close to the river.

Some of the filings at the MS oil and gas board indicate that they are at least trying to go forward on this. We'll see.

Permalink Reply by Two Dogs, Pirate on June 16, 2010 at 12:09

Looks like the small boys may define the extent of the shale play. I think that the big boys may not want this to be known. You don't have to be a big boy to do a vertical hole.

Permalink Reply by Long Shot on June 24, 2010 at 9:24

Two Dogs, Pirate; I agree with what you say here.

Permalink Reply by Long Shot on June 25, 2010 at 4:00

Mainland Resources has issued a news update on 06/24/2010 on spudding the Burkley-Phillips #1 well on the Buena Vista Prospect in Mississippi. Twelve miles of road and the drill site has now dried up after lots of rain and flooding in the area. Gravel has been added as needed on the road and final work in in progress at the well pad. Rapad Drilling Co. of Jackson, Miss. is ready to move in rig #34. Spud date is anticipated to be between July 7&July 15,2010.

Permalink Reply by ur dern tootin' on August 4, 2010 at 7:32

If Mainland makes a successful completion in the Haynesville Shale in Mississippi, it is ludicrous to think that there will be continuous natural gas production over the entire area between NW Louisiana and Mississippi. That's not the way it is! "Haynesville" is a term that represents a specific geologic age formation (Jurassic) that changes its lithology (type of formation -sand, shale, lime, etc) from area to area. Geologic conditions (depositional environment) dictate whether or not the "Haynesville" is productive. For example, the "Tuscaloosa formation" goes all the way to Tuscaloosa, Alabama, and is certainly not productive over the entire area. Smackover formation goes all the way to Smackover, Arkansas, etc). :)

Permalink Reply by Bruce on June 25, 2010 at 17:08

Good points Two Dogs and Ron. Stop for a moment and imagine that there is viable HS in Miss. If wells are producing millions of cubic feet a day and the literally tens of thousands of wells that could be drilled from Mansfield into Miss. what that would do to the price of nat. gas? It would become as cheap as water, just what the nat gas companies do not want and it could possibly be decades to have the infrastructure in place for cng cars and cng refilling stations and the majority of transportation running on cng. It does make one wonder when you see statements from nat gas CEO's saying there is sufficient gas that it is a "game-changer" but they never go into specifics of how. I strongly suspect the the "conspiracy theorists" on here are right and that we are all sitting over HS but that it is "convienent" for the nat gas companies to not let this out.

Permalink Reply by North LA on June 25, 2010 at 17:17

Wouldn't the price be self limiting in that companies will just stop drilling and choke back wells if prices drop too much? Earlier this year it got down around $2.50. I also read that there is a LNG terminal being equiped for export and if that is the case then the gas could be sold on the international market. Whatever the case may be this country will have to face the fact that we have an energy source which is cheap and abundant right under our feet.

Permalink Reply by BirdDawg, plain ole' idiot on June 25, 2010 at 18:21

Come on guys, there have been plenty of wells drilled to the Smackover between NW Louisiana and Mississippi. And every one of them went through the Haynesville. If the HA was producible, why hasn't it been produced?

Permalink Reply by BirdDawg, plain ole' idiot on June 26, 2010 at 8:50

Ron,
I am not talking about any kind of conspiracy, just cold hard facts.
What do you have against facts?

Permalink Reply by Long Shot on July 21, 2010 at 0:32

Mainland Resources reports it has commenced drilling the Burkley-Phillips #1 well in Mississippi,( per news release by Mainland Resources dated 7-21-2010).

Permalink Reply by Les Bamburg on June 26, 2010 at 7:29

Michael, EnCana's map would indicate the area could be on trend with their Deep Bossier Sand prospects.

Attachments:

• Jurassic Trend.pdf, 235 KB

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