Mainland Resources, Inc.(fka MNLU)

[Ecomike]

Deedog, why not call MNLU's IRs guy and ask him. They will give you all the nitty gritty detailed answers to your questions. I get the impression that Pigroast is our resident naysayer, soothsayer that drops in from yahoo to stir things up.

MNLU had months of analysis work down on the well after the well was drilled, done by the best in the business. The Gas is dry, clean, and there is a huge supply there. The exact max delivery rate will be unknown until they frack it, and test it for max delivery rates.

MNLU expects to have cash flow from this well this year, maybe Oct, 2011!!! Then they will work on a JV deal to add pipeline capacity to expand the wells delivery capacity, as the current local pipeline can only handle about $250,000.00 a month of gas from the new well, which is a fraction of what the well will be able to deliver based on the studies they have already done. Keep in mind the fracking will increase the basis from the prior study.

Merger may actually get done by year end, as we heard this week that the SEC may now finally have all the loose ends data, and paperwork they asked for. SEC red tape has been much of the delay.

And don't forget the recent SEC form 4 that showed up, that shows that our new director already owns more than 10% shares in MNLU!!!! Gerry! He was the IR guy I got my answers from about 10 weeks ago, before they elevated him to a director. He has a lot more invested in this than we do!!!

The latest news from IR is that they are (or were?) closing a senior secured loan deal that they need to finish before they start the final fracking and well completion, and pipeline tie in work. Gerry told me 3 months ago that all the long lead time materials for well and pipeline completion were ordered over 3-4 months ago.