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CONCERNED THAT BOSsIER INCLUDED TO SUPPLMENT
less than expected reserves in Haynesville!
REDUCED HIGH EXPECTATIONS FROM HAYNESVILLE SHALE
Mention of the Bossier in the news release along with decreasing stock prices of MNLU and AEXP have reduced my high expectations of massive reserves from the Haynesville Shale. Only patience will reveal the outcome of MNLU's assessment of the reserves from the Haynesville Shale which is the keystone of this prospect.
INVESTORS UNIMPRESSED BY CORE ANALYSES PR
Started the day at $0.82 ended the day at $0.82. Hope final analysis give MNLU a kick start, so patience is the byword for now. Slick Nick was probably disappointed with response.
EXACTLY ONE YEAR LATE
"List of Officers Due: 1/31/2010"
MNLU REPORTS RESULTS OF CORE ANALYSES
"Mainland Receives Positive Results From its First Series of Full Core Analyses on its Buena Vista Shale Gas Project in Mississip
Today : Monday 31 January 2011
Mainland Resources, Inc. (the "Company" or "Mainland") (OTCQB: MNLU, Frankfurt: 5MN) management has received positive results from the first series of core analyses performed on its Haynesville/Bossier Shale operating area in Jefferson County, Mississippi.
The core was taken from 20,415 feet to 20,436 feet measured depth (or a total core of twenty-one feet) from the Burkley-Phillips #1 well prior to the well reaching a total depth (TD) of 22,000 feet. The reservoir characteristics observed in the cored interval were found to be consistent with other gas producing shales when compared to an existing dataset of gas producing shales. The extreme over-pressure observed in Mainland's well is expected to enhance gas storage capacity, supporting an even greater gas reserves upside for the Buena Vista prospect.
Mainland can now confirm that the mineralogy and Total Organic Carbon (TOC) percentage measured are within prospective ranges for the shale-dominated reservoir encountered. Porosity, permeability and water saturation values were also calculated. These values have been plotted against other known gas producing shale reservoirs and been used to "fingerprint" the reservoir, allowing the Company to draw direct comparison with regards to shale gas potential.
Mainland CEO Nick Atencio states, "The initial results from the core analysis provide very encouraging insights into the gas potential of the deep section of the Burkley-Phillips #1 well. The fact that we are over pressured lends itself to larger gas recoveries within smaller pore spaces and the laboratory measurement of gas filled porosity supports the multiple mud log gas shows seen while drilling the well through this interval. Simply put, this is exactly what we would look for in a productive shale gas well. We are looking forward to the ongoing assessments as they further refine the prospectivity of this well."
The results of these analyses have been reviewed and corroborated by independent experts who possess an extensive database of core analyses from shale gas formations throughout the southern United States. The Burkley-Phillips #1 core data was compared to these known producing shales, with results supporting excellent gas potential within the Burkley-Phillips #1 well.
Mainland's management believes that this fullcore is an extremely valuable data source, unique to the region, and that it will prove to be of critical importance in unlocking the shale gas value in the area.'
The information received from these reports is being incorporated into a broader assessment coordinated by the Company's land, geology and management teams. Mainland plans to provide continual reports on further interpretation as additional analyses are completed as part of the Company's anticipated updates."
DID YOU NOTE REMAINING HOLDINGS AFTER ACQUISITIONS
They did not seem to add up.
AEXP INSIDER TRADING
Looks good, see:
http://www.insidermonkey.com/filing/521285
GMXS.PK IN DEFAULT
"GEMINI EXPLORATIONS, INC.
Business Entity Information
Status: Default File Date: 1/26/2006
Type: Domestic Corporation Entity Number: E0052692006-3
Qualifying State: NV List of Officers Due: 1/31/2010
Managed By: Expiration Date:
NV Business ID: NV20061441950 Business License Exp: "
See Nevada Secretary of State at:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=ZUaZO1QnJqc1a5oi0tzVRw%253d%253d&nt7=0
Does not look good at this point but let's stay on top of it.
AS OF 01/28/11 AEXP AT $0.225 DISCOUNT TO MNLU
Is the merger in doubt?
OTC BULLETIN BOARD GIVES TIMES/SALES
Which is my preferred of the two but periodically refer to both.
PARTICULARS ON MMID
Go to:
http://www.otcbb.com/asp/Info_Center.asp
Enter MNLU
Click Information For
Under Column MMID
Place pointer over selected item in this case NOBL
Small window appears: Noble International Investments, Inc.
You can google them for more facts.
DOES FRANKFURT SHOW DAILY VOLUMES FOR MNLU?
Since that market is six or seven hours earlier, it could be indicative of what to expect for the day.
SPECULATE JETT ENERGY TO FACILITATE SALE OF MNLU
With residual properties including new well going to Jett energy. Of course that would leave us longs with cash or shares from purchaser of MNLU with spin off ownership in Jett Energy.
This is only crystal balling on my part.
MNLU ASK AT $0.744 MAKES AEXP MORE ATTRACTIVE
with AEXP ask at $0.16, it represents a 14% discount which is worth going after.
SAME QUESTION RAISED IN MY POST #1310 RE MIGRATION
but no reply from swanky. It could be a significant consideration. Thanks for raising the question again!
M NEWPORT TIES INTO MNLU
Per Mainland Resources web page:
"Mike Newport – President
Mike Newport has nearly thirty years of experience in all phases of oil and gas land management with expertise in acquisitions, operations, divestitures, Land Contract preparation, negotiations and broker supervision."
Per Google:
"Jet Energy Corp. (Jet Energy), CIK No. 943397, is a British Columbia corporation located in Calgary, Alberta, Canada, with a class of securities registered with the Commission
pursuant to Section 12(g) of the Exchange Act. Jet Energy is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 20-F for the
fiscal year ended November 30, 1996."
The well is definately tied into MNLU through reference to Mike Newport.
MAY BE STEPOUT TO
"Ford’s Creek Prospect
Wilkinson County, Mississippi
Mainland acquired this prospect in July/2010 and owns a 100% working interest in approximately 1,260 net leasehold acres in the Gulf Coast Basin, within the same general geological region as the Buena Vista Prospect. This prospect is similar to the Buena Vista Prospect in the respect that it was identified by analyzing information a major oil company accumulated when they drilled an adjacent deep well in the early 80’s. The information obtained indicated there were several zones that have viable porosity and evidence of hydrocarbons from mud log shows. Mainland is evaluating the data from this prospect to develop an exploration plan."
As reported on Mainland Resources web page but in different counties
I DISAGREE, YOU ARE A LOVELY LADY
that should be devoting your time to searching the boards for a high potential gain stock to apply long term capital losses, if they arise here, rather than preaching to a tone deaf choir.
I am also long here but with fading expectations. Always wishing the best for you and CGFI
NEP BUYS NEW IELD IN MONGOLIA
"China North East Petroleum Signs Binding Agreement to Acquire Oilfield in Inner Mongolia
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{"s" : "nep","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: China North East Petroleum Holdings Ltd. On Thursday January 20, 2011, 8:30 am
HARBIN, China and NEW YORK, Jan. 20, 2011/PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced it entered into a binding agreement to acquire Sunite Right Banner Shengyuan Oil and Gas Technology Development Co., Ltd. ("Shengyuan"), an operator with exclusive oilfield exploration and drilling rights to the Durimu oilfield in Inner Mongolia.
China North East Petroleum is expected to pay a total consideration of $43.4 million consisting of RMB 70 million (approximately USD$10.6 million) in cash upon closing of the acquisition and 5.8 million shares of NEP restricted common stock in exchange for 100% ownership of Shengyuan. The Company's Board of Directors approved the purchase price. Shengyuan's primary assets include three exploration wells and 24 years of exclusive drilling and exploration rights to a 175 square kilometer oilfield, called Durimu, located in Sunite Right Banner, Inner Mongolia. The Company expects to finance the cash portion of the purchase price agreements from cash on hand. Ralph E. Davis, an independent worldwide petroleum consultant based in Houston, Texas conducted a study of the Durimu oilfield in accordance with generally accepted petroleum engineering and evaluation principles in conformity with SEC definitions and guidelines. The Company expects to close the intended acquisition by the end of its 2011 first quarter.
In 2010, Shengyuan signed a 25 year exclusive exploration agreement with Sunite Right Banner Jiangyuan Mining Co. Ltd. ("Jiangyuan"), a state-owned enterprise of the local government to drill in the Durimu oilfield in Inner Mongolia. According to Ralph E. Davis, the proven oil reserve within this oilfield is approximately 1.54MM barrels. According to a geologist study that PetroChina conducted, the Durimu oilfield has a geological reserve of approximately 77.5MM tons (approximately 573.5MM barrels); the recoverable reserve is approximately 25%, or 19.4MM tons (approximately 143.4MM barrels). This same survey estimated that the number of wells drilled in this oilfield could exceed 2,000. Shengyuan has drilled three exploration drills since 2010.
Mr. Jingfu Li, CEO of China North East Petroleum commented, "This intended acquisition represents an exciting new phase for our company that will better position NEP for accelerated oil production growth and long-term success. We have been evaluating opportunities to expand our operations, secure additional oil reserves and seek better returns on our investment over the past year and believe Shengyuan represents a fantastic opportunity to develop NEP into a much larger independent, regional oil producer and oilfield services company in the coming years. The size of the Durimu oilfield is nearly three times larger than the four oilfields we currently lease in PetroChina's Jilin oilfield and it contains much larger oil extraction and drilling opportunities. For example, Shengyuan achieves greater production yields from its three current exploration wells (approximately 30 barrels each per day during the initial testing period) than the 6-7 average barrels per day for each of our existing wells within our four current oilfields.
The Durimu oilfield belongs to Yanchang Petroleum Group ("Yanchang"), the fourth largest and qualified SOE for oil and gas exploration in China. Shengyuan is qualified by Yanchang to manage the oil exploration and production activities in the Durimu oilfield. We will benefit from the 24 years remaining on an exclusive exploration and drilling agreement to operate in the Durimu oilfield and Shengyuan has the first right of refusal to renew the lease at the end of its 25 year term. Further, there is a more favorable royalty agreement in place when compared to our existing twenty year agreement to operate within our four current oilfields.
According to the terms of the 25 year lease, Shengyuan will accumulate 75% of all production revenue while 25% will be allocated to the SOE of Yanchang as a royalty payment. Shengyuan will only be liable for the income tax of 75% of the oil production revenue. There is no distribution risk as all oil produced by Shengyuan is required to be sold to refineries/buyers already qualified by Yanchang.
As a result of this intended acquisition, we will shift the focus of new wells drilled from our four fields within the Jilin oilfield to the Durimu oilfield over time. Upon the close of this acquisition, we intend to conduct further seismic tests in the oilfield to gather more geo-data, and begin drilling exploration wells to test productivity within the oilfield. As part of this effort, we plan to utilize 2-3 of our in-house drilling rigs to conduct the initial work. This initial stage is expected to last approximately 12-18 months. As we complete our first stage of testing in Durimu, we intend to shift into a second stage which is to aggressively drill in Durimu and increase overall production. This will be done while maintaining current production levels within our four existing oilfields.
Assuming we close the Shengyuan acquisition in the coming weeks, we believe our cash reserve over the next 12-18 months, will trend lower by approximately 40%-50% based on an expected cash balance of approximately $60 million at the end of December 2010, to account for the acquisition, seismic testing and exploration work. After this period, we expect our investment in Durimu to generate greater returns and stable cash flows from increased oil production and revenue coming from this new oilfield. Further, our current four oilfields will also be a steady contributor to our operating cash flows.
We are excited with the opportunities related to our intended acquisition announced today and believe we have the knowledge and experience to scale production in the Durimu oilfield aggressively in the coming years. Such efforts can further establish NEP as a major independent, regional oil producing and oilfield services company operating in China. We look forward to updating shareholders on our overall developments in the coming weeks and months ahead."
Valuation Analysis
The final acquisition price of $43.4 million, which NEP management recommended to the Board of Directors, compared with a value of $57 million for ownership of Shengyuan, or a 24% discount. The acquisition price is comprised of $10.6 million (RMB 70 million) in cash and 5.8 million shares of restricted Company stock that carry a value of $32.8 million based on the 30 day trading average from December 6, 2010-January 7, 2011.
Based on tests performed by independent Houston, TX-based geological consulting firm, Ralph E. Davis, who has conducted SEC proven reserve studies for the Company for the past three years, the total proven reserves ("total P1") are 1.54MM Barrels (based on the performance of the 3 existing exploration wells) and the PV10 (the estimated future gross revenue to be generated from the production of the proven reserves, net of estimated production and future development costs etc., with annual discount rate of 10%) is approximately $46.4MM. This PV10 excludes the 25% royalty to the SOE.
According to a geologist study conducted by PetroChina, the Durimu oilfield has a geological reserve of 77.5MM tons (approximately 573.5MM Barrels), the recoverable reserve is approximately 25% or 19.38MM tons (approximately 143.4MM Barrels). Further, PRC geologists suggest the number of optimal wells to be drilled exceeds 2,000.
ABOUT CHINA NORTH EAST PETROLEUM
China North East Petroleum Holdings Limited is an independent oil company that engages in the production of crude oil in Northern China. The Company is a pioneer in China's private oil exploration and production industry, and the first Chinese non-state-owned oil company trading on the NYSE Amex.
The Company has a guaranteed arrangement with the PetroChina to sell its produced crude oil for use in the China marketplace. The Company currently operates four oilfields in Northern China. The Company also recently added an oil service subsidiary through its acquisition of Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng"). For more information about the Company, please visit http://www.cnepetroleum.com .
Statements in this press release, including but not limited to those relating to the Company's or management's intentions, beliefs, expectations, hopes, projections, assessment of risks, estimations, plans or predictions for the future, including the impact of the restatement, timing of filings with the SEC and other statements that are not historical facts are forward-looking statements that are based on current expectations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include delays and uncertainties that may be encountered in connection with the restatement, final audits and reviews by the Company and its auditors, and other risks described in the Company's annual report on Form 10-K for the year ended December 31, 2008 and its other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Investors should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement and the Company undertakes no duty to update any forward-looking statement.
For more information, please contact:
China North East Petroleum US office
Tel: +1-909-610-2212
China North East Petroleum Investor Relations Department
Tel: +1-646-308-1707"
MNLU ENTERS INTO A MARKETING SERVICE AGREEMENT
"Mainland Enters Into a Marketing Services Agreement with SEI Energy to Expand Its Gas Marketing Options on Its Haynesville Shale Operating Area
HOUSTON, Jan. 20, 2011 /PRNewswire/ -- Mainland Resources, Inc. (the "Company" or "Mainland") (OTCQB: MNLU, Frankfurt: 5MN) (www.mainlandresources.com) has entered into a Marketing Services Agreement (MSA) with SEI Energy, LLC (SEI) to provide gas marketing options.
SEI Energy is a provider of marketing services and a purchaser of natural gas production in the Mississippi area. Its initial services under the MSA to Mainland will include an analysis of the Buena Vista area gas marketing conditions and outlook, availability of treatment facilities, pipeline availability and capacities, system pressures, gas quality specifications, midstream/gathering and downstream installation options, pricing strategies, cost benefit analyses and potential markets. SEI will also advise Mainland on natural gas liquids marketing options.
The term of the MSA is for the latter of a period of one year or until the Company delivers its first production.
In accordance with the terms of the MSA, the parties have agreed to enter into a form of Natural Gas Purchase Agreement (GPA) prior to the Company initiating production, and which GPA will contain certain already agreed upon provisions and inclusive of, without limitation, SEI's obligation to deliver optimal gas price value for the Company.
Company CEO Nick Atencio states, "As we enter into the analysis and testing phase for the Burkley-Phillips #1 well, it is important to have a more detailed understanding of the gas marketing, treatment and transportation environment in our operating area. This agreement allows us the flexibility to investigate the key factors related to monetizing gas in this area and also provides Mainland the ability to maximize revenues by maintaining the most competitive marketing terms available in our area. We look forward to working with SEI and their experienced marketing and transport staff."
About Mainland Resources, Inc.
Mainland Resources, Inc. is engaged in the exploration of oil and gas resources. The Company's current initiatives are focused on the acquisition and development of acreage in emerging and early developing oil and gas regions with the potential for material discoveries.
For information see: http://www.mainlandresources.com
Symbol:
MNLU – OTCQB, Symbol: 5MN; Frankfurt, WKN No.: A0ND6N
Contact:
Investor Relations (USA)
Toll-Free North America +1-877-662-3668 "
One more step on our way to a BONANZA in my opinion.
Millstone, GOOD NEWS OUTWEIGHS THIS SNIPPET
Certainly agree with you, but we must avail ourselves of all news sources available and formulate our own opinion.
I am long and strong in and for MNLU and AEXP.
BAD NEWS ALONG WITH GOOD
"Reply by James R Fenoli 3 minutes ago
Talk to the tool pusher on the Rapid Rig in Tellus, Miss and he had a lot to say and none of it was good. He's been doing this for 20ty something yrs and MNLU hasn't payed alot of folks and lots of chloride was found along the way=salt water"
From:
http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?commentId=2117179%3AComment%3A1750328&xg_source=msg_com_forum
LET'S HOPE THAT LEE RICE HANGS CLOSE UNTIL MARCH
To counsel Mr. Guyer on the technical aspects of the forthcoming proposal under development and not disappear as he did before the Dec. 16 meeting.
THANK YOU, THAT IS GOOD ENOUGH FOR ME
Although the suggestion for remilling has been put down, I have enountered articles that suggest it would be profitable and help dispose of the sccumulated tailings.
Keep up the good work, it is appreciated on this board!
chilar4567, CONGRATULATIONS ON AEXP ACQUISITION
Too good to pass up unless there is something I don't know.
AEXP AT 29.6% DISCOUNT TO MNLU 01/19/2011
With AEXP at $0.11 and MNLU at $0.625 per share.
I cannot understand this discount but will certainly take advantage of it.
AEXP NOW AT 29.6% DISCOUNT TO MNLU 01/19/11
With AEXP at $0.11 and MNLU at $0.625 per share.
I cannot understand this discount but will certainly take advantage of it.
MECOORS, THANKS FOR YOUR EXTENSIVE RESEARCH
I hope that over time you will distill the installation and operating cost of dry stacking for the CGFI mill since you are certainly the most informed on this subject.
SWANKY PLEASE CLARIFY
"yet mark this word,,,,effective migration-----swanky", if the migration is from the Smackover, it could have high content of H2S which would require extensive treating, as well as higher liquid content which would certainly be advantageous.
If the migration is from the Smackover, I would consider it desirble as I have indicated earlier. But please give us you best interpretation of this statement.
Anyway, Thanks for your communication with the company even thoug it left us with more questions as might be expected at this stage.
We are all waiting for the PR of a BONZANZA from the Missippi prospect.
BASED YOUR EXTENSIVE RESEARCH, AND THANK YOU,
can you give us a cost estimates to install dry stocking facilities in the seventy ton per day mill and the incremental expense to operate these facilities? This is a serious question that you appear best informed to answer and would be most meaningful to all board members since it seems the only viable solution to environmental conditions confronting CGFI. Thse estimates may lay to rest many of the questions that are being raised.
WE HAVE BEEN ASSURED BY THE GOOD OLD BOYS
that people are breathlessly waiting in the wings to throw money at CGFIA as soon as the permit is approved. Time will tell.
YOU KLNOW IT WILL TAKE MORE THAN THAT
Probably the balance of the authorized but unissued shars plus a couple million dollars at least.
MISSIPPI HAYNESVILLE SHALE THICKNESS
"- target area is shown to be a gas-rich region which is over-thickened with very high pressure that is over 2500 feet thick with greater than 20,000 psi pressure."
From:
http://mainlandresources.com/index.php?option=com_content&view=article&id=57&Itemid=63
This is the first specific reference that I have encountered reporting the Missippi Haynesville Shale to be over 2500' thick. Your estimate sems to be right on target.
NATURAL GAS PIPELINE MAP
See bottom of page:
http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?id=2117179%3ATopic%3A1397504&page=40#comments
PIPELINE ACCESS
From: http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?xg_source=msg_com_forum&id=2117179%3ATopic%3A1397504&page=41#comments
"by jeff boler 18 minutes ago
The Burkley-Phillips well is located within the Buena Vista field which has for years produced both oil and gas from the Lower Tuscaloosa Sandstone, though I think there are a very limited number of active wells today. There is a maintained pipeline system in the area and MNLU'w decision regarding placement of the drilling location would have weighed heavily on proximity to Natural-Gas Pipelines. Not sure where I read it, but I remember MNLU stating that upon completion this well will provide immediate revenue.
What would be nice is if the well turned out to be full of condensate and instead of utilizing a pipeline at first, they have around the clock tanker trucks in and out of the location.
I can't find the specific post, but is has been mentioned in this thread that the current pipeline is capable of handling 5.0 MMCF/D from the Well. The post went on to say that MNLU plans to produce via this pipeline and turn the 5.0 MMCF/D into cash while constructing a new pipeline.
The new pipeline will be capable of handling massive flow rates that are no doubt in our near future... As I believe Checkmateking put it; "They were looking for the BIG ONE and they got it." I don't think that I can state it any better...
I'm hoping that hydrocarbons generated in & produced from the Haynesville should have low concentrations of H2S and require little treatment; however, the Smackover at these depths would almost certainly be a different story. Maybe some of the evaportites of the Upper Smackover (if present) have at some point formed a sea, preventing direct migration of H2S into our pay. But who knows how big the drainage basin will be after the well is fracked? Fracking an already fractured shale, coupled with a pore-pressure known to be over 20,800psi could yield a drainage basin of proportions that have never been seen before...
I have attached an example of a fractured haynesville shale core from one of Petrohawk's North Louisiana Wells as an example. Given the tectonic activity associated with the autochthonous salt anomaly that caused the Buena Vista Structure, our pay is likely to be significantly more fractured than this example. Natural Fractures = exponentially increased porosity = exponentially more reserves compared to a non-fractured formation...
Attachments:
Fractured Haynesville Core .pdf, 449 KB
EMAIL RE REPROCESSING OR SALE OF MINE TAILINGS
"Sun, January 16, 2011 9:06:06 AM
REPROCESSING OR SALE OF MINE TAILINGS
From: Drs. Wiley <drswiley@sbcglobal.net> View Contact
To: C. Stephen Guyer <csguyer@cologold.com>
--------------------------------------------------------------------------------
Utilizing the excess capacity of the Mill to reprocess on site tailings with residue dry stacked may have further appeal to the CDRMS. Numerous examples of reprocessing may be identified by Goggling this subject, for example:
http://findarticles.com/p/articles/mi_hb5851/is_201005/ai_n53929371/
The sale of mine tailings for reprocessing is also becoming popular.
Both you and Lee Rice along with your consultants have probably considered this sweetener to your forthcoming proposals, if not it is worth consideration.
Respectfully,
William R. Wiley, Ph.D.
DON'T FORGET OUR ESTEEMED LEADER
http://altomines.com/lrice.html
QUESTIONS RE PIPELINE ACCESS FOR PRODUCTION
From Go Haynesville Shale - Mississippi web page:
by William R WILEY, Ph.D. 2 hours ago
How far is Mainland Resources 22,000' Missippi well from a pipeline that could accept their gas production? Would it be Mainland Resourses responsibility to lay a line to a maniforld of that pipeline? How much delay would this cause in getting their well on production? My ignorance of the matter is evident in these questions.
by Les B 4 minutes ago
William, Mainland may not be planning to place this well on production into a sales pipeline. There could a gas sales pipeline in the region but unless near the location the tie-in line that Mainland would be required to install could be very costly. In addition, it is likely the gas produced would require extensive treating to meet sales pipeline specifications. Jefferson County has little existing natural gas production (< 1 MMcfd??) and so probably lacks gathering and treating infrastructure.
Instead, Mainland likely intends to evaluate the play's overall potential and put together a possible development plan. This would include the gas gathering network and a tie-in line to a gas sales pipeline.
JENNA, I CONCUR WITH YOUR EXCELLENT ASSESSSMENT
As usual, our minds seem to follow the same course.
RDWILD, EXCELLENT ADVICE
Anticipate reverse split along the way to make room for more authorised shares to squander.