ST. LOUIS, May 3, 2010 (GLOBE NEWSWIRE) -- Murphy Analytics has published an Initiation Report on Mainland Resources Inc. (OTCBB:MNLU). The comprehensive report contains a detailed discussion of Mainland Resources' recent business developments, general energy market trends, a discussion of the Haynesville shale, and an overview of select macroeconomic indicators and trends expected to influence the energy markets and Mainland Resources. The Initiation Report is available at no charge at http://www.murphyanalytics.com/uploads/MNLU_Initiation.
Analyst Patrick J. Murphy, CFA notes in the report: "Having turned an investment of under $700,000 into sale proceeds of over $28 million in just over two years, MNLU management has demonstrated the ability to recognize and create value from opportunity in natural gas development in general and in the Haynesville shale play in particular... With access to $40 million in capital through the financing agreement with Guggenheim Partners and with the proceeds from the sale of the East Holly Field interests, MNLU's proven management team, which recently added former Congressman Joseph P. Kennedy II as a member of its Advisory Committee and Stephen Kennedy Smith, Jr. as the Advisory Committee Chairman, has positioned the Company to monetize oil and gas exploration and development opportunity both in and outside the Haynesville shale."
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks. Murphy Analytics LLC is owned by Patrick J. Murphy, who has over 15 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.
Disclosure: Murphy Analytics was paid $9,000 by Lake Group Media®, Inc. in advance of the publication of this report. Neither Murphy Analytics (MA) nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.