DALLAS, Texas - BeaconEquity.com announces the publication of ‘Mainland Resources Inc. (MNLU) “Cinderella Story” in Haynesville Shale’
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Mainland Resources Inc. (MNLU) “Cinderella Story” in Haynesville Shale
”The management of Mainland Resources Inc. revealed to investors July 15, 2008, the next chapter in this intriguing story of a gas exploration company with the potential to become the most talked about junior exploration company in the United States. Mainland which holds interest in approximately 2,695 net acres of the East Holly Field in De Soto Parish, northwest Louisiana, announced it has entered into a binding agreement with Petrohawk Energy Corporation to further develop Mainland’s expected gas-rich properties…
“The Petrohawk “muscle” that Mainland needed has stepped in to make this once obscure junior into the talk of Wall Street. The deep pockets of Petrohawk will finance further development of the East Holly Field properties…
“Per the agreement, Petrohawk will pay 100% of development costs associated with the first well drilled below the Cotton Valley Formation. This includes drilling, completing and fracture stimulating, as well as costs up to and including pipeline connection…”
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
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