In the last 25 years I invested in many small and mid cap oil and gas producers that had many developing projects to work with and I made real good to the point where I now enjoy a very comfortable retirement at my south florida home in the winter time and in Canada at my Quebec home for the rest of the year. This (Mainland Res.) is my first investment in a penny stock E&P company and I feel confident it will be a huge success story. My old investing criterias were applied to Mainland as well...Competent and dedicated Board members and executives, solid prospects and good risk/reward drilling initiatives with potential for near term production. We all know that 4tcf + of potential gas reserve is estimated to be in place. Mainland needs $15M to complete, test and tie-in BP well and start generating cash flow. IMO they will be successful in getting the required financing(senior secured note) with no direct stock dilution and if the initial production numbers of BP#1 are what they are expected to be, investment banks, major energy cos., oil & gas producers and chinese firms will be interested in investing in this world class BV project . This is speculation from my part but that's the way I see things going for MNLU and my 80k shares could be worth more than $1.6M in a couple of years.
AI
