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Just no sellers, someone slowly eating the ask.
Just popped up to .064 on the bid and someone nibbling the ask.
wow, super thin level 2. 10,0001 shares and we are at .075!
I still dont know what you are even talking about. What is it you are referencing?
Adding more board members:
David LaPrade Officer Director
David Singh Officer
Robert Teague Officer
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 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
Share Reduction of 60%! . Cant wait for the news!
CEO Bought 34,438,039 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. "
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
I see no file, all I see is $14m
No reason to, the DD says $6M-$14M. I am happy to go with the DD.
Worth $14M !!! I undervalued it! Wow, thats double what we thought. Thanks for this DD, helps us value it higher.
Wonder if we get news today? Thoughts?
Great post, agreed!
Cant wait to see what this week brings!
Super obvious..
Literally no sellers, only MMs.
Lets hope something big!
Where is the DTC we were promised?
Why, that'd be an unreasonable extreme. So is calling it fluff. There is a real path and plan in works to bring in existing revs and then grow it. Rare in OTC.
"When" is what we are wondering. Any insights?
Dilute? What do you mean... I thought he has all the value locked up in the preferred shares. Is that no longer the case?
Or, we can just take what is likely and be happy with what we get?
Yes, which means he needs to make it worth money. Thanks for pointing out why we should buy more! Acquire Bigfoot, Diamond, and Watson to make it worth $30-50M and he gets the first $4M lol!
Instead, they're reducing shares. Anti-stinky pinky basics.
How many have contracts and funding to acquire companies with revenues?
There was 500,000,000 AS and he reduced it to 250,000,000. He then bought 40M and retired 80M (reducing AS by 60%). None of that needed done to dilute.
For what ends? How does that help them? They dont need to reduce OS, there is no value to doing so.
What is fluff? The stated revs? Why is actual revs fluff, how can you justify your made up claim. They have 70 people and are doing business, how it that fluff?
Ive posted all the citations l, youve not been able to dispute any of it.
Are you disputing the revs? What do you dispute? There are specifics being provided and youre not even addressing it. Just random unspecific claims
Who said that? I provided sources for $20-30M they are currently working on acquiring.
Looks like $20-$30M in revs if they get Bigfoot, Diamond, an Watson all under this ticker... WOW!
More DD on Diamond:
https://www.shalexp.com/diamond-energy-services-lp