Beacon Equity Research Featured Company: Mainland Resources, Inc. (MNLU.OB)
Mainland Resources, Inc. (MNLU.OB) acquires, explores, and develops oil and gas properties in the United States, with a primary focus in the East Holly Field of De Soto Parish in Louisiana, where the company has existing leases. The company is working toward capitalizing on Haynesville Shale, Cotton Valley and Hosston formations, located in Northwest Louisiana, with Haynesville Shale being the emerging big player in natural gas. Mainland Resources’ property in the DeSoto Parish is approximately 2,695 acres, and was originally acquired for exploration of the Hosston and Cotton Valley formations. Major natural gas resources in the Haynesville Shale were discovered…