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Maverick Energy Group, Ltd. (MKGP)

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Last Post: 12/5/2017 2:52:23 PM - Followers: 70 - Board type: Free - Posts Today: 0

 406 S. Boulder
Suite 708
Tulsa, OK, 74103

239-234-6958

http://www.maverickenergygroup.com/


 

  • Operations

     Texas

    Big Foot Field
Texas has enjoyed fame around the globe for its oil production since the turn of the 20th century--January 10, 1901--when the Lucas No. 1 well spewed higher than a hundred feet into Spindletop's big sky outside Beaumont. This gusher brought the Texas agricultural era into the industrial age, with railroads that meant prosperity for oilmen, as well as farmers and ranchers. Land leases built personal wealth, the local petroleum industry founded many Texas towns, and productive oil fields built oil companies, some of which exist today as multinational conglomerates.

Recent economics have made drilling for oil an increasingly viable activity for Maverick. A few years ago, Maverick possessed the vision to position itself to take advantage of this revenue-rich venture. Today, our well deepenings and workovers, and the resulting oil production, are progressively more economic.
Maverick is the Operator of the "Big Foot Field" in Texas, which was originally developed by Royal Dutch Shell (RDS-A). The Big Foot Field has approximately 310 production wells in the field, of which approximately 225 are presently revenue producing. Drilling operations in the Big Foot Field are being funded through a $40,000,000 Advancing Credit Facility which Z2, LLC closed with Gasrock Capital, LLC in August of 2006, amended to $75,000,000 in November of 2007.


 
New Field Development


Larremore Project


Aug 29, 2011
OTC Disclosure & News Service

Tulsa, OK - Maverick Energy Group, Ltd. Announces Drilling of Third Well in Larremore Project

According to Maverick Energy Group, LTD CEO James McCabe, "Maverick is currently drilling the third producing well, after successfully drilling the first two of four producing wells in the Larremore Field, in which Maverick has retained 25% of the Working Interest in the current five-well program. After drilling and completing the saltwater disposal well and the
fourth producing well, we plan to assemble the oil flow lines and other production facilities to test the productivity of the first well," says McCabe. "Based upon these results, we will drill the final well and complete the remaining three wells. The first two producing wells exceeded our expectations in regard to size and quality of the reservoir, and ourlog results indicate that these wells also should exceed our expectations in oil production," stated McCabe. "Upon the
successful completion of the first four producing wells in this project, Maverick will continue development of an additional 21 prospective well sites in the Larremore Field."

Over the past twelve months, Maverick Energy Group, LTD has leased the acreage in the Larremore Field in Caldwell County, Texas that includes oil wells in a proven productive field in which several wells were previously drilled by some of the major oil companies. The current Larremore Project is a 700 acre lease, in which we are currently drilling four producing wells and one salt water disposal well. The target zone is the Edwards Limestone Zone at a depth of 1,250 feet. The first well drilled in 1928 tested at over 400 barrels of production per day (BOPD) and has produced in excess of 100,000 barrels since inception.

In 1994, Meridian Oil drilled a horizontal well which produced in excess of 175,000 barrels, with the majority of that oil being produced in the first six years, and is still producing about 20 BOPD. Based upon engineering reports generated over the years, it is estimated that the proposed wells will have between 40,000 and 50,000 barrels of reserves per well. Based
upon the four well projection and the assumption that the wells begin producing at 50 barrels of oil per day, such wells will provide a projected payback period of six months at the current price of oil. It is expected that the wells will continue to provide an income stream for the next fifteen to twenty years.

Maverick Energy Group, LTD is over halfway through the funding stage of the current Larremore Project at this time. There are approximately 20-25 total sites to drill on this acreage. The project is located in Caldwell County, Texas, 90 miles northeast of the Big Foot Field and 25 miles southeast of Austin.
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             Company Info link  http://www.otcmarkets.com/stock/MKGP/company-info

            



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PostSubject
#7791   LOL...wake me when buyer is paying .01 bonedaddy77 12/05/17 02:52:23 PM
#7790   buyer on deck... littlejohn 12/01/17 02:43:29 PM
#7789   Wake up, wake up!...you fell asleep littlejohn 10/28/17 02:27:36 AM
#7788   LOL...Now if it could only keep going to .01 bonedaddy77 10/26/17 11:26:00 AM
#7787   up 1900%, who let the dogs out?...LJ littlejohn 10/21/17 12:42:19 AM
#7786   They update their Nevada business status bonedaddy77 08/02/17 02:59:25 PM
#7785   Quarterly reports? LouisDesyjr 08/02/17 02:21:36 PM
#7784   Looks like the company keeps their business up bonedaddy77 08/01/17 10:49:52 AM
#7783   210K traded today. Anybody here buying or selling? bonedaddy77 08/01/17 10:46:06 AM
#7782   It's alive! bonedaddy77 08/01/17 10:45:51 AM
#7781   Nevada SOS has been updated. They at least bonedaddy77 07/24/17 09:50:34 AM
#7780   I bet if you put in a buy bonedaddy77 04/26/17 09:32:28 AM
#7779   lol, but how do you get an appointment littlejohn 04/26/17 01:16:57 AM
#7778   Up to .0002 today!! Funny seeing these really bonedaddy77 04/25/17 04:02:50 PM
#7777   Grey sheets are more like a holding littlejohn 04/20/17 01:07:42 AM
#7776   Can't trade LouisDesyjr 04/19/17 10:16:53 AM
#7775   Is your empire arisen today?...LJ littlejohn 04/18/17 03:13:12 PM
#7774   Haven't seen anything. They still have their business bonedaddy77 04/07/17 12:04:37 PM
#7773   Any financial reports lately? LouisDesyjr 04/07/17 08:39:39 AM
#7772   I've still got 780K shares of this. Hope bonedaddy77 03/22/17 02:02:02 PM
#7771   Company launched as the "most experienced in their JanGr 09/20/16 05:03:19 AM
#7770   200k shares at .001 offered, have some... littlejohn 02/24/16 02:46:18 AM
#7769   does anyone know if there is any activity JanGr 09/11/15 06:03:14 AM
#7768   Agree, thanks. parshooter220 07/12/15 12:52:16 PM
#7767   Would you rather invest in a private company littlejohn 07/11/15 10:49:51 PM
#7766   LJ- what is the significance of this re-registration parshooter220 07/11/15 11:43:22 AM
#7765   Hot damn!, look at MKGP renewal of SOS... littlejohn 06/30/15 03:03:27 AM
#7764   good stuff/ mkgp fegr kcg mick 02/20/15 02:29:42 PM
#7763   Thanks LJ parshooter220 02/16/15 11:53:12 AM
#7762   MKGP 12-23-14, new well drilling permit littlejohn 02/16/15 12:51:16 AM
#7761   :) 'This Spuds For You' would make a littlejohn 11/25/14 03:01:14 AM
#7760   LOL love your posts. Still clinging on to bonedaddy77 11/24/14 12:14:14 PM
#7759   MKGP .0001, almost appears as a geological littlejohn 11/23/14 01:12:50 AM
#7758   There aren't any quote 'MM's in the littlejohn 10/24/14 12:18:48 AM
#7757   with pps showing/ m/m/m person don't want to mick 10/24/14 12:12:15 AM
#7756   Shows 13,850 at .0001 on 10/22...LJ littlejohn 10/24/14 12:10:29 AM
#7755   last was 0.001? mick 10/23/14 10:45:34 PM
#7754   MKGP bidwhacker hits like a girl...LJ littlejohn 10/22/14 01:50:03 PM
#7753   thank you great encouragement/ mick 10/21/14 02:56:37 PM
#7752   I got into CHAG few years ago which bonedaddy77 10/21/14 02:53:47 PM
#7751   Is there a 90K at .0002 bidwhacker littlejohn 10/11/14 01:22:26 AM
#7750   Why would MKGP keep a Joint Venture Investment littlejohn 10/02/14 12:26:10 AM
#7749   greys getting action this morning. mick 09/26/14 12:21:09 PM
#7748   if one wants QB status increased to little mick 09/21/14 03:24:22 PM
#7747   if someone would claim this shell/ 'Maverick Energy mick 09/21/14 02:44:49 PM
#7746   What does the otc site charge pinky littlejohn 09/21/14 02:58:04 AM
#7745   Mav keeps shutting down wells on the new littlejohn 09/19/14 10:25:33 PM
#7744   #2/ Maverick Energy Group, Ltd.MAVERICK ENERGY GROUP LTD mick 09/19/14 12:03:30 AM
#7743   Maverick Energy Group, Ltd.MAVERICK ENERGY GROUP LTD (MKGP:OTC mick 09/18/14 11:59:33 PM
#7742   i sawer small trade other day/ Maverick Energy mick 09/18/14 11:57:14 PM
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