Symbol: MNLU

Current Price: $1.66

Snapshot – “MNLU is a natural gas play with several leases at the Haynesville Shale in Northern Louisiana. MNLU is a producing natural gas company and plans to continue to develop their assets in the Haynesville Shale looking for significant discoveries. MNLU has a joint venture with Petrohawk (HK), a company worth around $7 billion! In November of last year, MNLU closed funding with Guggenheim Corporate Funding LLC to complete the purchase of the 8,225 net oil and gas lease acres covering their Mississippi Project and to pay off their previous bridge loan with Guggenheim. We believe now is the time to play natural gas and MNLU as natural gas prices are undervalued in comparison to oil prices! MNLU has started to become discovered and could spike huge at anytime!”

Check out this CNBC video highlighting the Haynesville Shale where MNLU has leases! This is one of the hottest areas in the US now for natural gas!

We believe MNLU is a great way to play the Haynesville Shale!

MNLU’s relationship with Petrohawk can not be understated!

MNLU entered into a binding agreement for the joint development of the Haynesville Shale on Mainland Resources’ properties in De Soto Parish, Louisiana.

Petrohawk agreed to pay 100% of the costs of the first well drilled. Petrohawk agreed to pay 80% of all costs of the second well drilled at the De Soto Parish leases.

HK and MNLU are 60/40 partners when it comes to subsequent wells under the terms!

The first well in this joint venture began drilling in October 2008 and commenced production at the end of January 2009.

The second well in this joint venture began drilling in April 2009 and is expected to be completed by the beginning of February 2010.

MNLU’s third well in this joint venture began drilling in May 2009 and will begin production in mid-August of this year.

We believe we could start to see MNLU move big with the huge buzz surrounding the Haynesville Shale and their relationship with Petrohawk (HK)!!!

We will be tracking MNLU closely within our Stock Hub and this Stock Newsletter!

MNLU’s corporate website is at MainlandResources.com.