Mainland Resources, Inc.(fka MNLU)

[Ecomike]

I bought more at Friday's close, and still have all my shares.

One good point is that a loan needs to be repayed in cash. The stock sale does not need to be repayed, which will free up the cash from well production cash to go directly into new wells, expansion of the existing pipeline to handle higher flows from the existing well, and to be able to pay our share of new JV deals to drill more wells, instead of being used to pay off debt.

Don't forget that the CEO of Petrohawk recently committed to spend $1 billion dollars over the next 10 years on science innovation and promotion of new and expanded uses of natural gas in the USA.

We are just coming out of the recent death valley of natural gas. It may be bumpy for a while longer, but this one still has huge potential, as does NG from this point. This is a good time to buy the survivors that are not already over priced.

I will be adding to my share count.

Also, what happens to the book value once the reserves status changes to proven reserves? Does that push the stock price way up past the warrant prices, or attract a takeover candidate?