Mainland Resources, Inc. (MNLU) Updates Mississippi Oil and Gas Activity
Mainland Resources, Inc. issued an operational update on its oil and gas activities at its properties in Mississippi. Mainland Resources, Inc. reported that the Burkley-Phillips No.1 well has been successfully drilled to a depth of 16,531 feet, and is on track to reach its total intended depth of 22,200 feet. The company has also logged the well using an electric line and placed casing string into the well. Mainland Resources, Inc. said that the Burkley-Phillips No.1 well is located in Jefferson County Mississippi. The well has already encountered the Lower Tuscaloosa Massive Sand formation, which is being analyzed by the…