Why Shale Gas Intrigues Early Investors
The Haynesville shale play continues to reap rich rewards for independent players who acquired land at the right time (which was not so long ago)
Mainland Resources, Inc., which held a 40% interest in 2,695 (net) acres in DeSoto Parish, Louisiana leases, has reportedly sold its interests to an undisclosed company for over US$27 Million.
Mainland had originally purchased 2,695 net acres from Permian Basin Acquisition Fund for US $687,596 in March 2008.
Not bad for a year’s work.
Independents such as San Leon Energy, Lane Energy, BNK Petroleum, Realm Energy International and IGas Energy amongst others exploring Europe’s shale gas potential, are certainly hoping to follow Mainland’s path.
Source: PR Newswire