Mainland Resources, Inc.(fka MNLU)

[Ecomike]

I think Guggenheim was an 8% interest, but they paid in more than 8% in cash, more like 20% of well cost, and MNLU and AEXP brought the acreage to the JV deal, plus the the other 80% cost of the well?

I talked with Steve Harding today, AEXP CEO. He says that while the merger was pending, AEXP hands were tied, and they were stuck in limbo, and could not actively work on anything else. Now that the merger is dead, they can work on other deals and funding. In other words, it looks like Steve and the core inside investors of AEXP may have some other prospects and deals in mind now that their hands are no longer tied, while they wait on MNLU and BV to got the moon or bust. IIRC Steve was the one that found and started the whole BV, BP#1 well deal. Does not sound like AEXP will just dry up and blow away, no mater what happens to MNLU.