The company said that the forecasted costs for the completion program are approximately $8m, which will be shared on a 90%/10% basis between Mainland and joint venture partner Guggenheim Energy Opportunities.
The completion will allow the company to flow test the well and further determine its resource potential.
The company is in the process of securing and evaluating bids from several companies to execute the frac stimulation and will select a provider from bids received.
Mainland expects to commence completion operations during the third quarter of 2011 and anticipates a timeline of approximately three to five weeks.
Upon successful completion of its proposed merger with American Exploration, Mainland will own 92% of the 28 sections in the Buena Vista prospect.
