Replies to This Discussion

Permalink Reply by Kitt Burkley on March 14, 2011 at 10:40

I think it may be too soon to know that just yet unless you know the direct source and location of the manufacturer.  Who knows shipping of EVERYTHING from Japan could be delayed now.

Permalink Reply by rusell shleby on March 14, 2011 at 13:06

Doesnt matter at this point. River is already flooded, will be June at the earliest before they can get back on location.

Permalink Reply by Joe Mag on March 29, 2011 at 1:18

Post of the day...



Mainland Resources, 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.

Mainland previously announced on February 23, 2011 that it had retained the services of Stephen Schubarth to design and supervise the hydraulic fracture treatment ("frac") of its Burkley-Phillips #1 Well in Jefferson County, Mississippi.

Mainland CEO Mike Newport states, "Mr. Schubarth has commenced the work on the "frac" for the well. The current design is being structured to address three(3) different reservoir zones, extending from the Knowles Lime through the Bossier/Haynesville Shale and will be designed to connect as many of the shales together as possible for an optimal production rate."

Notably, Mr. Schubarth consulted directly with Leor Energy on designing the fracture stimulation for its Amoruso Prospect, which was a very successful Bossier reservoir play in East Texas. Leor had acquired mineral leases in East Texas in early 2003, and eventually sold its Deep Bossier interests, including the Amoruso Prospect, to a subsidiary of Encana.

The Company believes that Mr. Schubarth's experience with the Amoruso Field will benefit the Company given that Amoruso has several similarities to Mainland's Mississippi Buena Vista Prospect. The gas-bearing reservoir in both areas is within the Late Jurassic period and has a thickness of 2000 to 3000 feet. The succession consists of stacked shales and porous sandstones trapped within a very high pressure, high temperature environment. Amoruso was also developed by drilling vertical wells with fracture design and treatment expected to be similar to that needed at Buena Vista.

Mr. Schubarth has nearly 30 years of experience with companies including Halliburton Energy Services, Chevron U.S.A., Inc., and Arco Oil & Gas. His expertise includes Production and Reservoir Engineering, well completion design and production enhancement.

Additionally, the Company has requested bids from several industry leading companies to execute the frac stimulation and will select a provider from bids received.

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.

Mainland expects to commence completion operations during the third quarter of 2011 and anticipates a timeline of approximately three to five weeks.

Permalink Reply by jeff boler on March 29, 2011 at 9:52

Yes, you are missing something...

Permalink Reply by Bob Nies on March 29, 2011 at 10:19

With the first time mention of stacked "porous" sandstone, I believe that prior to frac they may be able to drill stem test producible amounts of gas.... after stimulation it may be multiples of that.... to me the latest was a very confident press release.... the negative is the time to undertake the initial completion process.

Ordering all the completion components up front is a very positive indicator of managements confidence in this project....

Permalink Reply by Skip Peel - Mineral Consultant on March 29, 2011 at 12:04

Bob, the mention of stacked "porous sandstone" would appeared to be a little unnecessarily delayed, if true.  But it is typical of the past tendency of MNLU to draw out the release of information to prolong their PR program and maintain investor interest.  The myriad attempts at explaining  the continual delays in operations from river flooding to delivery delays for supposedly special equipment/materials to delays in the merger are additions to a long line of red flags.  Those who follow the Buena Vista well as a stock play continually seem to miss the curious and questionable operational reports.  Those "completion components" should have been order long ago and are not worth a news release unless someone is intentionally drawing out this whole process.

Permalink Reply by jeff boler on March 30, 2011 at 5:37

I'll spare you the dissertation, as there are 58 pages right here... Perhaps re-reading this thread a few times might help... If you have any specific questions I'll be glad to point you in the right direction...

Permalink Reply by jeff boler on March 30, 2011 at 5:45

Right Skip...

So are you suggesting that MNLU paid God himself to make the Mississippi River flood. Next you will be saying that MNLU created new shares to pay God off for his timely efforts, further adding to your conspiracy theory... 

 

 

 

Permalink Reply by Flip Phillips on March 29, 2011 at 12:39

Hey guys....take whatever position you want on this thing, but I can tell you this for a fact!....as an angel investor in many good and bad investments, I appreciate every bit of pr out of a startup. You have no idea how frustrating it is to go 4-6 weeks without some kind of info...and it happens more times than not. BS or not, a public company can not provide misleading info....so read between the lines and be happy that they are, at least, saying something. MNLU obviously wants everyone to stay interested......so why not?!? Be happy that you have something to think about vs wondering if the lights are still on (as is the case with many startups)

Permalink Reply by Checkmateking on March 29, 2011 at 15:17

LOL, I thought this was a Shale play?

Permalink Reply by Checkmateking on March 30, 2011 at 1:03

If I had any mainland stock I would get out while the getting was good.

Permalink Reply by Bob Nies on March 30, 2011 at 2:13

What is the basis for getting out while the getting is good?

 

Do you think that the Core Data and SLB data is falsified? Both are very highly regarded companies and have no axe to grind for Mainland... certainly they would not put their reputation on line over this well.

 

Mainland is a junior oil company start-up.... what do you expect from them except exactly what you are getting, its par for the course!

 

They spud the well last year as soon as they could get to the drill site after spring flooding.... they will attempt completion as soon as they can get the extensive equipment safely onto the site after this year's spring flooding.

 

Meanwhile, I'm sure a plan is formulating on the next step to develop the site...patience is a virtue.....

• ‹ Previous
• 1
• …
• 48
• 49
• 50
• 51
• 52
• …
• 64
• Next ›
• Page