Tag: mnlu

Latest Spotlights

StockGuru Shines its Spotlight on Mainland Resources, Inc. (OTCBB: MNLU)(OTCQB: MNLU) As It Reaches Agreement in Principle to Acquire Buena Vista Acreage and Terminates Merger with American Exploration– December 27, 2011

Dallas, Texas (December 27, 2011) – StockGuru Shines its Spotlight on Mainland Resources, Inc.,  (OTCBB: MNLU)(OTCQB: MNLU)(FRANKFURT: 5MN)(WKN: A0ND6N) announce on December 23, 2011, it 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 (collectively the “Leases”). The Leases were previously held by American Exploration Corporation (“American”). As consideration for the purchase, the Company has agreed to issue 15,000,000 shares of its capital stock

Latest Spotlights

StockGuru Shines its Spotlight on Mainland Resources, Inc. (MNLU-OTCBB, 5MN-Frankfurt) Upon Merger Dicussion — August 29, 2011

Dallas, Texas (August 29, 2011) – StockGuru Shines its Spotlight on Mainland Resources, Inc., (the “Company”) (MNLU-OTCBB, 5MN-Frankfurt).  The Company announce Friday, August 16, 2011, that it and American Exploration Corporation (“American Exploration”) have entered into an amending agreement to extend the termination date of the Merger Agreement between the companies to October 31, 2011.  The Company closed on August 26, 2011, at $0.20, down 16%, but still bouncing around the lower end of its fifty-two week high of $1.045 – 0.2o. The previously announced Merger Agreement between Mainland and American Exploration contemplates a stock-for-stock merger between the companies, subject

Latest Spotlights

Mainland Resources Inc. is in the StockGuru Spotlight for January 3, 2011

DALLAS, TEXAS : StockGuru announces that Mainland Resources Inc. (OTCBB: MNLU) is in the StockGuru Spotlight.    Mainland Resources, Inc. is engaged in the exploration of oil and gas resources. The Company’s current initiatives are focused on the acquisition and development of acreage in emerging and early developing oil and gas regions with the potential for material discoveries. On Friday, the company put out news announcing that drilling on its Burkley-Phillips #1 well in Jefferson County, Mississippi reached projected Total Depth (“TD”) of 22,000 feet on Dec. 27, 2010. The well is now being logged and interpreted by both the Company’s geological