Mainland Resources, Inc.(fka MNLU)

[Ecomike]

I actually question if any US NG exploration firm is a good play here. (notice I did not mention pipeline owners or operators, or LNG operations.....)

We could see a string of asset fire sales that burn stock holders this year at this rate!!! We saw it 2010, and early 2009.

Once the tide turns, and LNG export equipment is built and online, the tide will turn, but that may be a few years off, before demand catches up with supply. The current NG futures market tells us all we need to know right now about NG exploration firm value IMHO. A year ago US NG had rallied from $2.50 back $5, just when the BP well was drilled. Now it is at a new 10+ year low and falling fast!!!