I read that someone else received a response from Dr. Chilingar. As you know, I e-mailed him on 23 Jan 2012. I just received a response from him today. He must be a busy guy, but at least he reponded:
In response to your questions. Yes! and I am still consultant of Mainland Resources.
Best,
George V. Chilingar, Ph.D, Academician, USC Ambassador
Distinguished Emeritus Professor of Environmental and Petroleum Engineering,
University of Southern California
President of the Russian Academy of Natural Sciences, USA Branch
Member of the Russian Academy of Sciences
gchiling@usc.edu
It seems that the other poster received the same response. I knew he would have to be guarded in his response and possibly obtain approval from MNLU so as not to violate any SEC regulations, which may explain the delay in his response. But the good news is he's still involved with MNLU as a consultant.
We've all been wondering this for a long time. Well now we have an answer. Things could be a lot worse....he could have said he was no longer involved.
I can't believe that a man with his qualifications and background would be involved in a company if he didn't believe things were on the level. Hoping so anyway. I wish MNLU would update investors on current situation.
Could this be the notorious "Black-out phase (information)" where insiders increase their positions?? I'm not selling.
My letter to Dr. Chilingar follows (read his answer then re-read my questions and you tell me what he is saying....????):
23 Jan 2012
Dear Dr. Chilingar,
I apologize for intruding into your privacy, but I am a shareholder in MNLU and am quite interested in your role as an advisory board member. First could you confirm that you are still associated with MNLU. Second, (I understand that you may not be at liberty to explain fully), have you made any progress in finding funding or a JV partner or a purchaser that will enable the completion of BV #1 ? Could you at least confirm that you are involved in this endeavor.
With Nat Gas prices hitting new lows, I assume this task has its challenges. On the other hand, it seems we have a world-class resource that someone should be interested in. I've spoken to other industry people and have learned that the equipment necessary to complete the well is certainly not that unusual (although it may be costly) that the well could not be completed in quick order if funds were available. Please correct me if I am wrong on this subject.
Any insight you could offer would go a long way to settle frayed nerves resulting from the uncertain situation.
Thank you very much.
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