Mainland Appoints New CEO, Director

Mainland announced the appointment of leading exploration and production executive, Nicholas W. Atencio, as Chief Executive and Director of the Company.

Mr. Atencio (52), who held the positions of VP of Operations Gulf of Mexico and VP of International Exploration and Production for Kerr McGee Oil & Gas Corporation, is an experienced oil and gas company executive with a record of successful green-field and development projects. He is experienced in E&P operations with strong, proactive, leadership skills in addition to proven financial and P&L knowledge. Mr. Atencio has served with large independent oil and gas companies at the senior and executive level for over 20 years.

Prior to this appointment, Mr. Atencio served as the COO and Co-Founder of Remora Energy. Mr. Atencio worked for over a decade at Houston's Apache Corporation.

Mr. Atencio received his Bachelor of Science degree in Petroleum Engineering from the Colorado School of Mines and began his career in 1981 at Tenneco Oil Company in Louisiana.

Mainland Chairman of the Board, Bill Thomas stated, "Mr. Atencio has spent his career managing demanding onshore and offshore oil and gas operations. We are fortunate to have Nick as our new CEO. He is the kind of highly qualified individual with a proven leadership record to step into this position and direct Mainland. He is a strong leader with a great vision for our Company."

Mainland CEO, Nick Atencio added, "It is a great privilege to join Mainland and to be involved with a company that has the potential to create such significant value for its shareholders. The Mainland team is comprised of highly motivated and professional people and it will be a pleasure to work closely with the Mainland Board as we grow the Company. I am excited about the opportunity to apply my expertise and skill sets towards focusing on execution and value creation as we build upon the historical foundations created by Mainland."