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Wednesday October 21, 2009

DrStockPick.com Stock Report!

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Powersafe Technology Corp.’s (Other OTC: PSFT.PK) Subsidiary Amplification Technologies has patented a revolutionary new solid-state semiconductor technology solution for low-level signal detection: multichannel Discrete Amplification (DA). The patented DA platform technology, invented by company scientists, is a breakthrough in the design of photon detectors, providing these detectors with unique competitive advantages. Use of DA in semiconductor detectors increases their sensitivity markedly, and enables the creation of new detector systems for various applications including medical diagnostics, security systems,

Mainland Resources, Inc. is leasing additional acreage in the Haynesville Shale in Mississippi and now controls 8,500 acres in this emerging shale gas play in the southeastern United States.

Today’s announcement expands the acreage specified in the original agreement, which was signed in June 2009, by 500 additional acres. Mainland Resources must pay $300,000 by August 31, 2009 and the balance by October 15, 2009. When full payment is made, Mainland Resources will own a 100% working interest in the acreage.

Mainland Resources, Inc. recently closed on a funding agreement with Guggenheim Corporate Funding, LLC to provide $3.5 million in bridge loan financing. The company received a $1.7 million advance in this financing agreement and will use the funds for the acreage in Mississippi. The company will also use the bridge loan to fund drilling and completion costs on two wells in the Haynesville Shale on its

The Haynesville Shale is considered the fourth largest natural gas field in North America, making it an obvious attraction to numerous exploration companies. One such company with the shale on its radar is Mainland Resources (OTCBB: MNLU), a junior company engaged in the acquisition and development of leases in the Haynesville Shale.

The company today announced a letter of agreement in which it will acquire 5,000 net acres in Mississippi, where it has plans to drill the first test well to evaluate the potential of the Haynesville Shale gas formation in the region. Mike Newport, president of Mainland Resources, says assessments of the Haynesville Shale point to potential.

“We have data that suggests the potential Haynesville Shale in this region could be similar in nature to the gas bearing Haynesville Shale in northwest Louisiana. Our geological team believes that this could be just as productive as the groundwork that’s