Mainland Resources announces it has purchased from the owner, all rights, title and interest in and to approximately 5,000 net acres of oil and gas leases located in Mississippi. The Company has agreed to issue 25 million shares of its capital stock and a 5 percent working interest after payback of any wells drilled on the approximate 12,942 net [...]
Mainland announces that effective at the opening of trading on March 23, Mainland Resources Inc. effected a reverse stock split of its authorized and issued and outstanding shares of common stock on a one new share for ten old shares basis (1:10). The Reverse Split was effective under Nevada corporate law as of March 7, 2012, pursuant to a [...]
Mainland Resources announces it has reached an Agreement in Principle, subject to certain conditions precedent, including entering into a definitive agreement, to purchase, from the owner, all rights, title and interest in and to approximately 4,580 acres of oil and gas leases located on the Buena Vista prospect in Mississippi. The Leases were [...]
Mainland Resources announces the sale of its East Holly Leases in DeSoto Parish Louisiana to Sklar Exploration Company LLC of Shreveport Louisiana. The East Holly Leases represent non-producing acreage, held by production, in all formations above the base of the Cotton Valley formation in the East Holly Field encompassing 2,640.6 net acres. These [...]
Mainland Resources announces that it and American Exploration Corporation have entered into an amending agreement to extend the termination date of the Merger Agreement between the companies to January 31, 2012. The previously announced Merger Agreement between Mainland and American Exploration contemplates a stock-for-stock merger between the [...]
Mainland Resources reports that Dr. George Chilingar joined its Advisory Board to assist the company with a strategic partnership alliance and the supporting financing effective immediately. Dr. Chilingar states, 'I am excited by the potential of Mainland's Buena Vista shale gas project in Mississippi. It is a significant prospect where I feel I [...]
Mainland Resources has appointed Dr. George Chilingar to its Advisory Board in order to assist the company with a strategic partnership alliance and the supporting financing. Dr. Chilingar is an expert with extensive knowledge, experience and recognition in the oil and gas industry, as well as the environmental sector. He is one of the most [...]
Mainland Resources is providing a corporate update on its Burkley-Phillips No. 1 well drilled on the Buena Vista prospect in Mississippi. The Company confirms that while there have been delays in accessing the Burkley-Phillips property due to weather and unprecedented flooding, we continue to hold the acreage and all well data including core [...]
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