Mainland Resources, Inc. (MNLU) Spuds Well at Buena Vista Prospect
Mainland Resources, Inc. announced that the company has started to drill a well to test the potential of the Haynesville Shale formation on its acreage in Mississippi. The Burkley Phillips No. 1 well is located on the Buena Vista Prospect, and will be drilled to a total vertical depth of 22,000 feet. The company will use the results of the well to test a 2,500 foot section of the Haynesville Shale. Mainland Resources, Inc. was attracted to the prospect due to a previous well drilled by a major oil and gas company in 1981. The Chevron Long encountered an over…