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I’m sure they’re discussing that as one option.
One interesting thing is that when they first announced the Reg A about a year ago, they were seeking up to $20M. Interesting thing to note is that the price of oil then was $45bbl…it’s $75bbl+ now. They disclosed in amended offering statement that they had partners lined up to be producing 1000bbl a day within 45 days. The price difference in oil equates to an EXTRA $11M in profit/yr with that kind of production.
Obviously it’s the upfront funding they need to close deals and begin operations…but after that, maybe oil and gas sales would be high enough to cover the future costs to scale their business the way they want. They also have .35 warrants out. Current price is under that, but I’m sure the market would respond favorably if the company withdrew the Reg A knowing no new shares would hit the market in the near future…could see a nice boost in PPS here.
Just thinking out loud here.
Still huge potential here, just been a struggle getting the Reg A approval. Wouldn’t be surprised if they withdraw it and go a different route for funding.
Big seller got out today. Now let’s move up…
Got a news update…
ST AUGUSTINE, FL / ACCESSWIRE / November 23, 2021 / James McCabe, President and CEO of Maverick Energy Group, Ltd. (OTC PINK:MKGP) ("Maverick"), an independent oil and gas exploration company, announced today that work continues on Maverick's Ben Hearne #1 well at a depth of 9,540 feet on a 460-acre Lease and Maverick's Edwards #1 well at a depth of 9,573 feet on a 760-acre lease in Van Zandt County, Texas. Maverick has a 25% working interest in both wells.
Maverick's petroleum engineer, Jason Lacewell, who is leading the recompletion operations, expects to complete reequipping the wells with surface equipment, laying electric lines, and finalizing gas contracts all within the next thirty days. Once the recompletion operations are finalized Maverick expects first gas sales to begin early in the first quarter of 2022.
"Following Maverick's business model of acquiring and developing low-cost reserves, the Ben Hearne #1 and Edwards #1 wells are the second and third in a series of wells that Maverick expects to bring online in the fourth quarter of 2021 and first quarter of 2022," said James McCabe, President and CEO of Maverick Energy Group, Ltd.
Looking at the timing for $MKGP qualification… $TPII had a qualification today for a 1-A they posted on 10/27. $MKGP 1-A was on 10/28, so tomorrow could be the day for Maverick! Then we can get updates finally… pic.twitter.com/JNrMFUA7pS
— J0L (@JolTrades) November 23, 2021
Nice! Glad I’ve been loading up, this is great news.
This is insanely low price. Market cap only around 500k right now lol.
$SLCH on their quarterly report noted that they entered an agreement with Chevine Transport LLC. Looking for a PR soon… pic.twitter.com/vBMwqRmXO4
— J0L (@JolTrades) November 22, 2021
How long am I here? Not sure I understand…I bought here for the first time last week. Seeing good value here.
I think this stock fell victim to a lot of the panic in OTC last week. This should start rising again next week. Way undervalued here especially factoring in share cancellation…regardless if it’s 150M or higher up to the rumored 950M.
I see CFGN returned. This is honestly getting stupid cheap at this point.
Looks like the selling is starting to ease
Headed there soon IMO
Lots of buying today. CFGN is gone on L2, time for this to move back up.
If the company confirms that, this will absolutely rocket…
Definitely looks possible now. Lot of sellers came out today, more than I was expecting. If that continues we’ll hit that range for sure.
Hey, I will admit I didn’t see this going to levels hit today. OTC was hit pretty hard all over, probably had an effect here. I agree at this point it could go lower, I’ll buy more when I can under .01
They said 150M yesterday, but was mentioned on Twitter today that number is closer to 950M
Not sure if many people saw it. Was just in a tweet today
Like Judge said, that’s anticipated timing based on other ticker’s qualification timing…
No one wants to buy, until it’s too late and already moving up again. This is a great area to add, I’ve been adding .20s the past couple days…day or two away from the qualification and then the company can tell us everything that’s been happening behind the scenes the past few months.
They’re canceling 950M shares
I highly doubt this goes below .011 based on what I’m seeing on the chart.
Truth is, the chart looks really good. I expect 1-2 more days around this .012 level before moving up and breaking out of this cup/handle pattern to .03 or more within a couple weeks. Just what I’m seeing…
Once the flippers are gone, this will fly. Based on the declining volume I’d say we’re close…
Just slapped a bunch here. Easy money I’m thinking…
The float looks completely locked up. Only 20k shares traded this week as we head into Friday…
No problem. Just need the company to deliver…I believe they will.
I reached out last week and this was their response.
“Yes we have relocated to Las Vegas in order to position ourselves in that market, we will make a formal Press release with that info and both current on going operations and future operations. The Reg A info will also be included along with the progress of funding and the pending Acquisition.
Please standby
Cheers”
$SPQS rumors of dilution are untrue. Last time $SPQS issued a common share for anything was 2012. We have a term sheet for $10 million from Emry Capital payable back with profits of products we sell and secured by products NOT common Stock!
— SportsQuest (@SpqsOtc) November 10, 2021
Easy money here guys. Lot of folks trying to scare people out of shares…IMO
Slapped a bunch of .0148 here
That’s exactly what I’m thinking. Adding more here before people catch on that they’ll most likely be retiring shares.
Wow I got some .0145 filled. Thanks!
Very soon we’re going to see some huge slaps coming in…I can feel it
MMs are really defending that .018 break it looks like. Can’t hold it back too much longer…
Yup, someone wants this to squeeze some more :) pretty easy to do since buying down at these prices are still cheap.
Perfect opportunity for newcomers to get a discount. Incredible. Watch for .02+ by eod.