Replies to This Discussion

Permalink Reply by Joe Mag on September 22, 2011 at 6:41

This Joe says that if they go under that whoever holds their lease will take over.  Whether they decide to finish or not is another story. As far as I know the status drilled uncased hole waiting for funding.

If you are looking for info call

MNLU's Investor Relations: Mike Parker,  1 (608) 721-0331

Permalink Reply by FXEF on September 22, 2011 at 7:12

Jay,

MSOG website list casing as NO.

Permalink Reply by Skip Peel - Mineral Consultant on September 22, 2011 at 7:18

If that's the case it ought to get the attention of those who have invested in MNLU.  The company has reported that they have a frac crew "lined up".  I wondering how they plan to frac an uncased well bore?

Permalink Reply by FXEF on September 22, 2011 at 7:46

Skip,

MNLU press releases seem to be worth the same as their stock!

Permalink Reply by The_Baron on September 22, 2011 at 7:34

thats the truth Jay.

Permalink Reply by Joe Aldridge on September 22, 2011 at 8:41

An uncased hole to 22,000 ft. WOW!!!!!!! or is it WHOA!!!!!!  Is anyone monitoring it? Have they plugged the intermediate string they have in the hole? Or is it an open well bore with a dry hole tree? Sounds almost like another BP situation.

Permalink Reply by The_Baron on September 22, 2011 at 9:15

I t should be secure.

 

Although, this well is well past a year since spud. pretty sad.

Permalink Reply by FXEF on September 22, 2011 at 9:18

Joe,

 

I have "Reported 9 5/8" casing set & cemented @ 12,940' on 8/27/2010." in my notes. The well has some casing, however most likely does not have production casing. I seem to recall discussion that production casing was to be shipped from Japan and was delayed due to the tsunami. Then came the flooding.

Permalink Reply by Joe Aldridge on September 22, 2011 at 9:24

Way back I saw that post. Then i stopped following the thread. I saw the thread pop-up again and thought I would see what was going on. Kind of surprising that they have had all these problems.

Permalink Reply by jffree1 on September 22, 2011 at 9:23

Their press releases are somewhat confusing re: production casing.  

January 4, 2011:

Mainland Sets Production Casing On Its 22,000 Foot Well Deep Haynesville Shale Well In Mississippi

Houston, TX – Jan. 4, 2011 - Mainland Resources, Inc. (the “Company” or “Mainland”) (OTCQB: MNLU, Frankfurt: 5MN) (www.mainlandresources.com) reports that it has set production casing at its Burkley-Phillips #1 well in Jefferson County, Mississippi. At a total depth of 22,000 feet, this well qualifies as one of the top-ten deepest US onshore wells drilled in 2010.

http://www.mainlandresources.com/index.phpoption=com_content&vi...release-01-04-2011&catid=46

 

March 29, 2011:

NEWS RELEASEMainland Provides Update On Completion Program For The Buena VistaBurkley-Phillips #1 Well, MississippiHouston, Texas  -  March  29, 2011-  Mainland  Resources,  Inc.  (the  "Company"  or  "Mainland") (OTCQB: MNLU, Frankfurt: 5MN) is progressing with the planning and design of the completion program for the Burkley-Phillips #1 well drilled in Jefferson County, Mississippi, allowing  the Company to flow test the well and further determine its resource potential.

(last paragraph, page 1)

Mainland  is  in  the  process  of  ordering  completion  equipment and has sourced longer lead equipment,  including  production casing, wellhead, tubing  and  other surface facilities  to  be installed on the well.  They  are  also  working  on  orders  for  the  production  packer  and  various other down-hole items required at and for completion

http://www.mainlandresources.com/pdf/newsreleases/2011/MRI-NR-3-29-...

 

It seems possible (probable?) that they didn't elaborate enough in January about the true status of the well casing. They didn't actually say they set casing in the entire well bore.  They just said they set casing and that the well is 22,000' feet deep.

 

Permalink Reply by William Burch on September 22, 2011 at 21:15

Honestly, if the well isn't case (as appears to be the case) they had better of at least set a deep bridge plug or a balanced cement plug.  If not, there are two major issues - is there building gas pressure from the Hanesville - yes it's tight but it's not impermeable.  It will be flowing this entire time and they could end up in a hell of a well control mess.  Secondly, a year later - do you really expect to get casing to bottom now?  I'd wager a pretty good size bet, it will be a struggle to do so and will probably be a terrible cement job as the open hole will be falling apart (it's a rock mechanics issue more than a mud type reactivity issue.)

 

And, if they walk away from the well, does the lease holder end up with the liability for P&A the well?  You can't leave it that way for the next 1000+ years in that state.  Someone is going to have to spend money to properly P&A the well.  That to me smells of more lawsuits over it and if they're out of money now, they're out of money to do a P&A too.

 

Sounds like this house of cards is tumbling...

Permalink Reply by Joe Aldridge on September 22, 2011 at 21:34

William, 

I agree with you 100%. The hole below the intermediate casing has probably heaved in. At the least that portion of the hole will have to be re-drilled. Drilling won't be that difficult as long as they don't get "kicked out" of the old hole. They will probably have voids and washouts and take a "lot" more cement to get a good cement job.

I also agree with you on the safety of the well in its current state. It looks like a disaster waiting to happen. As for as the liability of P&Aing the well I think the State would be liable for the P&A. They issued the permit to drill.  

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