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Undervalued Absolutely fire! MKGP is about to explode. >$10M annual rev if they close both purchases... so undervalued.
Basically it is enough to do one, not both, but I'm sure they are looking to get more to do both.
I got 50k of those.
Not sure, but the ONE seller from yesterday is gone so now it is another stalemate. GTSM moved up to 7, CSTI moved up to 8, NITE to 16. Yesterday they were all pressing down.
I snagged a bunch more.
This one is wound tight, ready to run
Shoot, may run today!
Looks like someone happy to move this.
FYI, we are now at 1M shares over the restricted.
Seems to be most resistance through 7's, then wide open
Fidelity now can buy, I bet that is getting some people slapping
Maverick Announces Agreement with USR Resources LLC
Press Release | 10/28/2020
ST. AUGUSTINE, FL / ACCESSWIRE / October 28, 2020 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is pleased to announce our agreement to acquire the first US license from USR Resources LLC. The following is a description of our License by David LaPrade:
Maverick Energy Group, Ltd. (Maverick) has entered into a Heads of Agreement (the "Agreement") to acquire a Technology License from USR Resources LLC "USRR" a Houston, Texas based company. This is the first USR Technology License to be granted in the United States. Maverick will have the right to own and operate USRR's proprietary drilling systems which include rotary steerable assemblies and specialty mud motors. USRR's drilling systems are designed for use in the drilling of Ultra Short Radius (USR) wells. USRR will provide the necessary training, supervision, and equipment required by Maverick to fully implement the USR Technology on its oil and gas properties. USRR will participate as partner in the development of Maverick's assets.
USRR is the energy industries' sole and exclusive provider of Ultra Short Radius Drilling services. Its drilling and engineering teams have planned, drilled, and completed more than 500 wells in the US, Oman, Turkey, Myanmar, Indonesia, Pakistan, India, Gabon, and China.
A USR well design offers many distinct advantages over conventionally drilled horizontal wells.
Some key features are:
Downhole pumps can be set in a vertical position and at or near the top of the reservoir as opposed to hundreds of feet above the reservoir. This allows for a longer production life due to lower abandonment pressures.
Unstable and problematic overlying lithologies can be avoided because of the tight radius of curvature drilled. Kickoff points are usually in the target reservoir.
The cost of drilling a USR well is considerably less than conventional horizontal wells. No heavy drilling rigs or expensive mud systems are required for USR wells, but rather light workover rigs, smaller pumps, and smaller surface packages.
Existing vertical wellbores are used as opposed to the drilling of new wells. This is not only economically beneficial but environmentally beneficial as well.
These key advantages translate to accessing non-produced reserves at lower risk and lower cost.
Maverick will focus on acquiring producing oil and gas fields that can be further developed by sidetracking into untapped reserves from existing wellbores. Current market conditions require a low-cost approach to boosting current production levels and improving ultimate recovered reserves.
Upon the grant of the License, the board of Maverick will include principles of USRR, David LaPrade and John Ogden.
https://www.otcmarkets.com/stock/MKGP/news/Maverick-Announces-Agreement-with-USR-Resources-LLC?id=278373
Maverick Energy Group, Ltd. Announces Option to Purchase Big Foot Field
Press Release | 10/13/2020
ST AUGUSTINE, FL / ACCESSWIRE / October 13, 2020 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is happy to announce it has secured a six (6) month option to purchase the 6,800-acre Big Foot Field in Frio and Atascosa County Texas from DESMDX. The Big Foot Field, formerly discovered and developed by Shell Oil, has produced 30 million barrels of over 200 million barrels of oil in place. The Big Foot Field currently produces approximately 100 barrels of oil a day and has many recompletion and new drilling opportunities available. During the option period, Maverick will conduct extensive due diligence involving engineering and geological evaluations.
"Maverick Energy Group, Ltd. is currently an operator of the Big Foot Field, and with our extensive experience in horizontal and ultra short radius drilling, this project represents a tremendous opportunity for Maverick," CEO James McCabe said.
https://www.otcmarkets.com/stock/MKGP/news/Maverick-Energy-Group-Ltd-Announces-Option-to-Purchase-Big-Foot-Field-10132020?id=276777
Maverick Announces Option to Purchase Diamond Energy Services, LP
Press Release | 10/16/2020
ST AUGUSTINE, FL / ACCESSWIRE / October 16, 2020 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is pleased to announce we have secured a six (6) month option to purchase Diamond Energy Services, LP. Diamond is a full well servicing company located in Moore, Texas and has been servicing oil and gas companies throughout Texas since 2005. Diamond operates eight service rigs and runs roustabout, cementing, and trucking crews with forty fulltime employees.
The Diamond acquisition can position Maverick to service our own oil fields while continuing to provide services to other oil and gas companies.
https://www.otcmarkets.com/stock/MKGP/news/Maverick-Announces-Option-to-Purchase-Well-Servicing-Company?id=277221
8,359,150 float, confirmed, no change again.
No dilution, share REDUCTION!
MKGP Reduces Outstanding Shares
Posted on August 21, 2020
Maverick Energy Group, LTD is pleased to announce the Company is completing the buyback of 79,118,683 common shares from CEO James McCabe. These common shares will be returned to the treasury of the Company. In return, the Company will issue 100,000 newly-formed Preferred Shares to James McCabe and his assignees. This transaction represents 60.4% reduction of outstanding shares of the Company.
http://www.maverick-energy.com/mkgp-reduces-outstanding-shares/
CEO Buying Shares:
"In a private transaction closed on July 3, 2020, James McCabe, CEO of Maverick Energy Group,
Ltd, purchased 34,438,039 shares of common stock from three separate shareholders. This purchase
increased Mr. McCabe’s holding to 82.1 million shares of common stock, representing 62.6% of the
outstanding common shares. "
https://backend.otcmarkets.com/otcapi/company/dns/news/document/42630/content
OTCQB inbound!
"Maverick would also like to announce the engagement of Sterling Issuer Services, LLC to assist with
uplisting requirements to OTCQB, which includes becoming fully-reporting with a PCAOB auditor, DTC
eligible, an SEC filer, and become eligible for DWAC services. On September 17, 2020 Maverick Energy
Group, Ltd. was granted access to the EDGAR filing service for future SEC filings, meeting the SEC filer
requirement. Maverick anticipates DTC eligibility to be approved in the coming weeks and management
is in active discussions to engage a PCAOB auditor. "
http://www.maverick-energy.com/wp-content/uploads/2020/10/MKGPSep2020SUPPINFO.pdf
$50M in financing! They can pay cash and not dilute at all.
Undervalued Absolutely fire! MKGP is about to explode. >$10M annual rev if they close both purchases... so undervalued.
{{MM's Oversold}}
Daily reminder that 14 of us own 1.1M more shares than are unrestricted. TA confirmed, we know the MM's are going to have to do some massive buying.
Float still 8M, confirmed 10/30 on otc. No dillution, no change to restricted/unrestricted structure. MMs are screwed.
We doing our best! Lets keep MKGP ok people's radar for when the news next week!
FINRA will make the MMs cover and fine them till they do. Given weve taken action itll be swift.
MKGP is about to hit new highs. These sites are terrible in sharing any good info at all. They are a dimena dozen and automated.
We going after the MMs Mike. There is no way there are not at least 2-10M shares theyve sold that dont exist. They are going ti get caught with their pants down.
Nice! Should be, major support levels now and so much more news coming to take it highers. MMs are gonna have to buy back so much shares is incredible.
MM's are in so much trouble. Once they realize they have to buy back 10M shares from the market this is flying to new heights
Maverick Announces Agreement with USR Resources LLC
Press Release | 10/28/2020
ST. AUGUSTINE, FL / ACCESSWIRE / October 28, 2020 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is pleased to announce our agreement to acquire the first US license from USR Resources LLC. The following is a description of our License by David LaPrade:
Maverick Energy Group, Ltd. (Maverick) has entered into a Heads of Agreement (the "Agreement") to acquire a Technology License from USR Resources LLC "USRR" a Houston, Texas based company. This is the first USR Technology License to be granted in the United States. Maverick will have the right to own and operate USRR's proprietary drilling systems which include rotary steerable assemblies and specialty mud motors. USRR's drilling systems are designed for use in the drilling of Ultra Short Radius (USR) wells. USRR will provide the necessary training, supervision, and equipment required by Maverick to fully implement the USR Technology on its oil and gas properties. USRR will participate as partner in the development of Maverick's assets.
USRR is the energy industries' sole and exclusive provider of Ultra Short Radius Drilling services. Its drilling and engineering teams have planned, drilled, and completed more than 500 wells in the US, Oman, Turkey, Myanmar, Indonesia, Pakistan, India, Gabon, and China.
A USR well design offers many distinct advantages over conventionally drilled horizontal wells.
Some key features are:
Downhole pumps can be set in a vertical position and at or near the top of the reservoir as opposed to hundreds of feet above the reservoir. This allows for a longer production life due to lower abandonment pressures.
Unstable and problematic overlying lithologies can be avoided because of the tight radius of curvature drilled. Kickoff points are usually in the target reservoir.
The cost of drilling a USR well is considerably less than conventional horizontal wells. No heavy drilling rigs or expensive mud systems are required for USR wells, but rather light workover rigs, smaller pumps, and smaller surface packages.
Existing vertical wellbores are used as opposed to the drilling of new wells. This is not only economically beneficial but environmentally beneficial as well.
These key advantages translate to accessing non-produced reserves at lower risk and lower cost.
Maverick will focus on acquiring producing oil and gas fields that can be further developed by sidetracking into untapped reserves from existing wellbores. Current market conditions require a low-cost approach to boosting current production levels and improving ultimate recovered reserves.
Upon the grant of the License, the board of Maverick will include principles of USRR, David LaPrade and John Ogden.
https://www.otcmarkets.com/stock/MKGP/news/Maverick-Announces-Agreement-with-USR-Resources-LLC?id=278373
Maverick Energy Group, Ltd. Announces Option to Purchase Big Foot Field
Press Release | 10/13/2020
ST AUGUSTINE, FL / ACCESSWIRE / October 13, 2020 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is happy to announce it has secured a six (6) month option to purchase the 6,800-acre Big Foot Field in Frio and Atascosa County Texas from DESMDX. The Big Foot Field, formerly discovered and developed by Shell Oil, has produced 30 million barrels of over 200 million barrels of oil in place. The Big Foot Field currently produces approximately 100 barrels of oil a day and has many recompletion and new drilling opportunities available. During the option period, Maverick will conduct extensive due diligence involving engineering and geological evaluations.
"Maverick Energy Group, Ltd. is currently an operator of the Big Foot Field, and with our extensive experience in horizontal and ultra short radius drilling, this project represents a tremendous opportunity for Maverick," CEO James McCabe said.
https://www.otcmarkets.com/stock/MKGP/news/Maverick-Energy-Group-Ltd-Announces-Option-to-Purchase-Big-Foot-Field-10132020?id=276777
Maverick Announces Option to Purchase Diamond Energy Services, LP
Press Release | 10/16/2020
ST AUGUSTINE, FL / ACCESSWIRE / October 16, 2020 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is pleased to announce we have secured a six (6) month option to purchase Diamond Energy Services, LP. Diamond is a full well servicing company located in Moore, Texas and has been servicing oil and gas companies throughout Texas since 2005. Diamond operates eight service rigs and runs roustabout, cementing, and trucking crews with forty fulltime employees.
The Diamond acquisition can position Maverick to service our own oil fields while continuing to provide services to other oil and gas companies.
https://www.otcmarkets.com/stock/MKGP/news/Maverick-Announces-Option-to-Purchase-Well-Servicing-Company?id=277221
8,359,150 float, confirmed, no change again.
No dilution, share REDUCTION!
MKGP Reduces Outstanding Shares
Posted on August 21, 2020
Maverick Energy Group, LTD is pleased to announce the Company is completing the buyback of 79,118,683 common shares from CEO James McCabe. These common shares will be returned to the treasury of the Company. In return, the Company will issue 100,000 newly-formed Preferred Shares to James McCabe and his assignees. This transaction represents 60.4% reduction of outstanding shares of the Company.
http://www.maverick-energy.com/mkgp-reduces-outstanding-shares/
CEO Buying Shares:
"In a private transaction closed on July 3, 2020, James McCabe, CEO of Maverick Energy Group,
Ltd, purchased 34,438,039 shares of common stock from three separate shareholders. This purchase
increased Mr. McCabe’s holding to 82.1 million shares of common stock, representing 62.6% of the
outstanding common shares. "
https://backend.otcmarkets.com/otcapi/company/dns/news/document/42630/content
OTCQB inbound!
"Maverick would also like to announce the engagement of Sterling Issuer Services, LLC to assist with
uplisting requirements to OTCQB, which includes becoming fully-reporting with a PCAOB auditor, DTC
eligible, an SEC filer, and become eligible for DWAC services. On September 17, 2020 Maverick Energy
Group, Ltd. was granted access to the EDGAR filing service for future SEC filings, meeting the SEC filer
requirement. Maverick anticipates DTC eligibility to be approved in the coming weeks and management
is in active discussions to engage a PCAOB auditor. "
http://www.maverick-energy.com/wp-content/uploads/2020/10/MKGPSep2020SUPPINFO.pdf