Replies to post #2866 on Mainland Resources, Inc.(fka MNLU)

[cflo92]

Hey guys, I've been watching this stock patiently, I have a couple questions to ask the board. 1. Have any of you guys owned any stock that was bought out and actually got money? Sorry for such a random question but it brings me to my next question. 2. Once they announce that they have gas flowing of course the pps will go up, but what if the company does a r/s, so that one they can cut out shares and two cut out profitablity to the shareholders and use an uplisting as an excuse to do a r/s. I say this because say the company that does want to buy them out, they only want to buy the gas not the shareholders that come with the company.

So for example- Say this stock goes from .40 to $2.00 from a pr saying there finally producing gas, and then the company announces a r/s and a uplisting to a major exchange and say from $2 they go to $15 from the r/s. Now the company that wants to buy us out doesnt have to pay that $13 difference from the r/s and 2 now we have less shares. So say in the end we get bought out for $20 a share, we would only really be getting $5 from the buyout. This of course is an example but do you think there is a possibility this could happen?

thanks,cflo92

[geopressure]

Remember King Yukon that the Gas Per Section could be as much as 500 BCF/Section and I am confident that this will be proven via further coring in subsequent wells. This doesn't mean that 500 BCF/Section will flow through the meter and into the pipeline.

Unique geology is present throughout this 2000' foot shale interval that will allow for efficient draining of the 2000' Shale interval. Unprecedented pressure is stored within the reservoir to drive formation fluids toward the well-bore. Additionally, competent completions specialists are at work designing a completions program that will enhance the natural geology's ability to link individual pore spaces and microporosity to the well-bore. However, even under the most ideal circumstances it would be very difficult to recover more than 40 to 45% of the 500 BCF/Section Gas in Place.

30% of the total gas in place per section would be a more reasonable figure to use when considering recoverable reserves.

[dayneyus]

Shouldn't there be a discount of probable resource to recoverable NG, say 50%, also a discount of say 75% to gas price. They have no infrastructure of producing wells so the buyer would just be buying gas in the ground. So 7T cubic feet at 25% mrkt price for NG; say $1/1000 cubic ft for gas in the ground would be 7 billion dollars divided by 100Million shares = $70 per share.

Have subsequently read geopressures post that 30% is more probable then 50% so reducing the above by 20% = 2.1T cubic feet