Mainland Resources, Inc.(fka MNLU)

[Ecomike]

Have you looked here?

http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity

http://www.gohaynesvilleshale.com/forum/topics/mississippi-activity?xg_source=activity&id=2117179%3ATopic%3A1397504&page=71#comments

http://mainlandresources.com/index.php?option=com_content&view=article&id=65&Itemid=76

http://mainlandresources.com/index.php?option=com_content&view=article&id=57&Itemid=63

http://mainlandresources.com/index.php?option=com_content&view=article&id=57&Itemid=63

http://mainlandresources.com/index.php?option=com_content&view=article&id=50&Itemid=57

Some history here:

HOUSTON, April 28 /PRNewswire-FirstCall/ -- Mainland Resources, Inc. (the "Company" or "Mainland") (OTC Bulletin Board: MNLU), (Frankfurt: 5MN) reports that the Company has increased its working interest in the Buena Vista Prospect and its planned drilling on both the Buena Vista well in Mississippi, and Cotton Valley well in Louisiana are proceeding on schedule.

Mainland reported on April 22, 2010 that it had closed the sale of its interest in the Haynesville formation of the East Holly Prospect in Louisiana to EXCO Operating Company, LP, for approximately $28.2 million. As a result of this sale, management expects that the Company has sufficient funds on hand to drill the Buena Vista and East Holly wells.

The Company's working interest in the Burkley-Phillips No.1 well has increased from 45.9% to 72%. Mainland will fund 90% of the well costs to earn its 72% interest in the well. As Operator, Mainland has a scheduled spud date of early June 2010. Mainland's working interest increased to 72% due to non-payment by American Exploration Corporation as reported in the Company's press release on April 26, 2010. Mainland currently holds interest in excess of 17,000 acres in the Buena Vista Prospect.

Guggenheim Partners, LLC will fund 10% of the well costs to Mainland in order to earn an 8% working interest in the Burkley-Phillips No.1 well.

Mainland is finalizing the drilling contract for the Buena Vista well with RAPAD Drilling & Well Service, Inc., of Jackson, Mississippi. RAPAD is a highly experienced and reputable driller who will provide the rig to drill the 22,000-foot Haynesville Shale well on the Buena Vista Prospect.

COTTON VALLEY DRILLING, EAST HOLLY PROPSPECT, LOUISIANA

The Company holds a 100% working interest in 2,745.65 net acres in the Cotton Valley, Hosston and Upper Bossier formations located on the East Holly Prospect in Louisiana and plans to spud the first well as Operator by late May or early June, 2010. The four recent wells drilled by the original Operator through the Hosston and Cotton Valley zones to the Haynesville formation calculate as productive.

Mainland is finalizing the drilling contract with Brammer Engineering, Inc., Shreveport, Louisiana to act as contract operator. Brammer, a highly regarded drilling contract operator with extensive experience in North Louisiana, will drill the Company's first well specific to the Cotton Valley, Hosston and Upper Bossier formations on the East Holly Prospect.

HOUSTON, June 24 /PRNewswire-FirstCall/ -- Mainland Resources, Inc. (the "Company" or "Mainland") (OTC Bulletin Board: MNLU, Frankfurt: 5MN) is pleased to announce the following update on progress of the Burkley-Phillips No. 1 well on the Buena Vista Prospect in Mississippi:

To date, twelve (12) miles of road and drill site location have sufficiently dried after late and abnormal rains and flooding in the area from the runoff of the nearby Mississippi River. The location contractor (Boots Smith) has started work by adding gravel, where necessary, over the road to the well location. A bulldozer was also moved in on June 23, 2010 in final preparation of the well pad site.

Rapad Drilling (Jackson, Mississippi) is prepared to move in their Rig # 34, and Mainland intends to spud the well as soon as the work on the location and road is complete. The current anticipated spud date is between July 7 and July 15, 2010.

The Company's working interest in the Burkley-Phillips No. 1 well is 72%. Mainland will fund 90% of the well costs to earn its 72% interest in the well. Guggenheim Energy Opportunities Fund will fund 10% of the well costs in order to earn an 8% working interest in the well.

Upon successful completion of Mainland's previously announced proposed merger with American Exploration Corp, Mainland will have a 92% working interest in the well, while Guggenheim will have an 8% working interest in the well.

The estimated dry hole cost is $8.65 million. These funds have been escrowed by Mainland and Guggenheim. The total estimated cost to complete the well is $4.9 million for a total drilled and completed well cost of $13.55 million.

Mainland currently holds interests in excess of 17,500 acres in the Buena Vista Prospect and intends to acquire additional acreage. In the event the Burkley-Phillips No. 1 well is successful, there is potential for more than 220 net drilling locations using 80 acre spacing per well covering the 17,500 acres.

Mainland was able to obtain the drill cuttings from a well drilled by Chevron in 1981, which Mainland is offsetting with the Burkley-Phillips No. 1 well.