Tags: Activity, Mississippi
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"You would be amazed at how many stock-market boards follow this thread..."
These must be some of the same brokers who lost trillions buying up toxic debt.
I would have know way of knowing the track records of individual investors or brokers who take part in such discussions or message boards.
I do know that this website is one of few places to gain information related to the Haynesville Shale in Mississippi or Mainland Resources' Burkley-Phillips #1 Well.
However, if the brokers that you mentioned who lost trillions in toxic debt would have had their money in MNLU/AEXP on Wednesday, the 19th of January 2011; they would have seen almost a 50% return on their money.
Since I first started buying the stocks in June of 2010, I have witnessed a number of individuals using this discussion thread to speaking out against Mainland Resources or the Geological Potential of their Mississippi Leases. I on the other hand have tirelessly defended Mainland and the geological soundness of the Buena Vista Project. NOW, I AM LAUGHING ALL THE WAY TO THE BANK....
Now would be the perfect time for someone to chime-in about how Mainland touted the name 'Haynesville,' or Mainland doesn't know how to 'operate,' or claims to be an 'early mover' on plays....
Jeff, ask and ye shall receive. The Mainland Resources website disabled the videos long accessible on the site several months ago. None are available on the "new" Mainland website but they still exist in cyberspace on other servers. As to "early mover" and "experienced Haynesville operator", I give you the original, unedited comments by the former CEO and current President. This is what those of us tracking the Haynesville Shale play saw in 2008. And this validates all my previous posts regardless of the completion results of the well.
http://videos.cinebasti.com/video/_KUwMrdplrM/Haynesville-Shale-and...
Those who find this video of interest should save it. Now that this Internet site is revealed it may not last long.
Jeff,
It is my understanding that you haven't made or lost money until you have sold your stock or it is no longer sellable. You might want to delay your trip to the bank.
One other personal opinion about investing - emotional or ego attachment to investments is a bad idea. The best investors I have known or read about seemed to be able to remain remarkably detached from their investments. I have had the impression that a number of the folks who have defended or promoted MNLU in this discussion were a little too personally invested to retain the kind of objectivity required for the most productive investing. Just my opinion. I wish you the best of luck with your investment.
Toolpushers, generally speaking have very little knowledge of what is happening in the ground. They are good mechanics and good at keeping a rig up and running, but they have zero education or formal training with regards to geology or petrophysics. Their sole purpose is maintain a 'billable' drilling rig. All a toolpusher would know is what he has heard, overheard, or deduced.
The practice of testing the mud for saltwater is only practical on the more traditional type plays. The presence of high Chlorides would have zero bearing on a Shale Oil/Gas Play. In fact, the Haynesville Shale of North Louisiana is 14-20% (Weight%) water. Much of this water is bound to the clays which comprise the shales (Hydrogen bonded directly to the rock). Most of the water that is not bound was squeezed out sometime after deposition, but you can rest assured in knowing that the unbound water remaining in the shale is most certainly salt saturated.
If Saltwater was noticed after drilling into the Tuscaloosa Sandstone, much could be inferred such information. However, if a high chloride content was seen after drilling into the Haynesville Shale, no one would take note, because it is supposed to be there... Although, it would indicate that it might be time to increase the mud weight.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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