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Just so you know the stock symbol is MNLU not MMLU.. We are way undervalued here!! Dont panic we will be fine!! We need news on new drilling and this will send us back up north!!!
Imo we will continue the channle between .006 and .008 until news hits! Anyone have a good site to check the short interest on a stock?
agreed!! We need some action here! Looking like a small profit taking day after yesterdays run up!
Yeah, agreed... I will continue to pick up shares until then.
Im sure everyone is very mad here, but this stock still has some value maybe not much but some... IMO the move here is to double down at .0001... I have a large buy order in on the bid! Ill let you know if i get a fill Good luck here!
Whats the dogs up to? Need to get this guy going!! Grdo account not looking very good at these levels!! Lets get this puppy running..
agree, really like the potential here! Very suprised that the pr didnt send this higher!!
yeah me either, we need follow up news on distribution deals etc
red day, need some bulls on this
The title of the PR is misleading!!
Do you have a link for this information?
You are correct there sir!
I will tell you this, if they did sell their shares, there were buyers for all those shares!!! Im quite alright with any institutional share holder handing shares down to the everyday investor, that doesnt have the capability to ruin the stock price!!
Terrible investor reaction to that.
Lets get some ask slapping going!! Not enjoying the the red today!!
nice bounce there!!
You bet!
I dont know about anyone else, but that update sounded pretty good to me!! Whats funny is that some of their updates are more pr worthy then thier prs
Just picked up a million at .0125, lets get this going back north!!
anyone think this has any juice left?
200 ma is @ 1.40, nice bounce off our main support!! 10ma is @ 1.43 and 50ma is at 1.475, which is why we had trouble at the 1.475 price the last few days!!
Ha ha, directly after i said that, the ask started to get hit and the stock bounced off 1.40.... Maybe the deal guy just came to!!
Holla!!
i dont have a clue, but it appears there are shorts stepping into this!! Bid is getting whacked consistantly, dont know why people would be bailing!! Has to be shorts!! Strong news hits and the shorts step in, deal guy on this must be in a freaking coma! Lets go MN, were gonna need something to happen here!!
agreed, now if we could just get this pps to head north!!! No clue why were not already headed in that direction!! Getting pretty frustrating... Large AH trade, 50k @ 1.475 though looks like maybe the start of a strong push!!! A couple orders like that over the bid and we could get some momo behind us!!
More news!!Mainland Resources, Inc. Closes Sale of its Haynesville Shale Assets With EXCO Operating Company, LP for Over US$28 Million
36 minutes ago - Pr Newswire
Related Companies
Symbol Last %Chg
XCO 19.12 0.00%
MNLU 1.46 -0.68%
As of 1:29 PM ET 4/22/10
Mainland Resources, Inc. (the "Company" or "Mainland") (OTC Bulletin Board: MNLU; Frankfurt 5MN) reports that the Company has successfully closed the sale of its Haynesville Shale assets in East Holly Field, DeSoto Parish, Louisiana. The assets have been sold to EXCO Operating Company, LP, a wholly owned subsidiary of EXCO Resources (NYSE: XCO), for US$28,159,000, effective January 1, 2010.
Mainland has sold its 40% working interest in all rights deeper than the base of the Cotton Valley formation (which has been defined to be 100 feet below the stratigraphic equivalent of the Cotton Valley formation) in the East Holly Field. Mainland continues to own a 100% interest in all rights above this depth, and specifically, in the Cotton Valley, Hosston and Upper Bossier sections.
The Company intends to use the proceeds of the sale to fund the drilling of the initial well (designated as the Burkley-Phillips No. 1 Well) on its Buena Vista prospect in Jefferson County, Mississippi, as well as to commence development drilling on the Hosston/Cotton Valley formations in the East Holly Field, and to retire its debt to Guggenheim Partners LLC.
The rights retained by Mainland in all formations above the base of the Cotton Valley formation in the East Holly Field encompasses 2,745.65 net acres with an estimated 65 net potential drilling locations. The four recent wells drilled by the original Operator through the Hosston and Cotton Valley zones to the Haynesville formation calculate as productive.
Based on the data and economics, Mainland plans to drill three wells as operator in the Hosston/Cotton Valley formations in 2010, and also to evaluate the shale gas production value of the Upper Bossier formation on its DeSoto Parish leases. The Company expects that these formations will provide continual solid pay with little risk and predictable development costs.
As previously disclosed in its news release dated March 25, 2010, Mainland, as operator, intends to drill the Burkley-Phillips No. 1 well to the Haynesville Shale formation on its Buena Vista prospect in Mississippi, where it currently holds in excess of 17,000 acres. The well is expected to be drilled to a total depth of 22,000 feet or a depth sufficient to evaluate the Haynesville Shale formation. Drilling is expected to commence in the latter part of the second quarter of 2010.
About Mainland Resources, Inc.
Mainland Resources is an independent company engaged in the exploration and development of oil and gas resources. The Company's current initiatives are focused on the acquisition and development of leases in emerging gas regions with the potential for discoveries including the Haynesville shale.
What news letter an when did it go out?
Nice day here! Great news, i will post to ibox in a few..
It will, this is a load zone while its still retail!!
Yeah, i know the guy that brought MNLU public.. Great company, very very solid... MNLU and AEXP have been engaged in business for awhile... The merger will happen, i was refering to the specifics and value it will bring as not being finalized until its released...
nothing will be concrete until deal is complete
I was on bid all day and didnt get a single share!!!
MNLU-GET IN NOW BEFORE THE BOUNCE!!! THIS WILL BE OVER 2.00 VERY SOON!!!
MNLU-4 MMS ON BID!!! BID STACKED HUUUUUGGGGEEEE!!! ARCA# AS 760K
so what did you win?
Comeonnow will be in the market for some cheap GRDO tomorrow!!! Gonna be a green day!!!
BLUG-Still has the juice!!!
MNLU-SLOW AND STEADY!!! CHART LOOKS GREAT!!!
holy crap that 1.60 resistance is erking me!!! We need to break it!!! A move to test the previous high of 1.84 is next after the break!!!
dumb dumb dumb dumb dumb!!! Now Mike has mcnabb over there in washington, and we have a retard with nothing!!