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5 days down. Up today!
GREAT NEWS!!!!
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Maverick Energy Group, LTD Announces Preliminary 4th Quarter Financial Information
SAN ANTONIO, TX, Mar 07, 2007 (MARKET WIRE via COMTEX) -- Maverick Energy Group, LTD (PINKSHEETS: MKGP) (Maverick) is pleased to announce the preliminary results of its fourth quarter earnings. The gross revenue for the fourth quarter ending December 31, 2006 was approximately $2,865,000 with a gross profit of approximately $385,000. The net income for the same period is approximately $230,000. The gross profit is an 89% increase from the third quarter and the net income is a 14% increase over the third quarter net income. Maverick will issue the final fourth quarter financial statements before the end of March.
"Maverick's gross revenue for the first nine months in operation has exceeded its annualized projection of $3,000,000 by 66% and its annualized net income projection of $400,000 by 47%," stated Jim McCabe, CEO of Maverick. "Management is very excited about the opportunities for Maverick in 2007 and beyond."
Maverick Energy Group LTD is the Operator of the "Big Foot Field" in Texas originally developed by Royal Dutch Shell (RDS-A). It has approximately 300 production wells in the field of which approximately 240 are presently revenue producing. Maverick is also the part owner of several producing natural gas wells and owns additional natural gas leases in West Virginia. The President of Maverick also serves as Chief Financial Officer of Z2, LLC.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Further information can be found at http://www.maverickenergygroup.com/
or www.pinksheets.com or please contact:
Investor relations
lopez@maverickenergygroup.com
1-918-280-7781
SOURCE: Maverick Energy Group LTD
CONTACT: http://www.maverickenergygroup.com/
http://www.pinksheets.com
mailto:lopez@maverickenergygroup.com
You can't tell buys from sells just because you see the trade go at the bid. They are not always sells. Hint, hint:)
Royaltyfree-DD
Getting back to the real reason we are all here. Oil per barrel is at $60.70 and rising. U.S. reserves are low and demand is high. When oil hits $65.00 a barrel money will flood into oil exploration companies that have foundations in place. Stay focused on the big picture. Royaltyfree-DD
750,000 on the bid side. Was that a buy or a sell? Dilution maybe?
Hey, all. Just saw the good news. Maverick is heading up and there ain't no stopping it. Just a quick note. Ignore the new bashers. All they want is a lower entry point like us longs. A note to bashers this is still a great entry point! Take what you can get from here and you will be happy. Come along for the ride on Monday! Royaltyfree-DD
HEMI blew. We're next!!
Royaltyfree-DD
Dilution, dilution ,dilution. Buyer beware! DD
This stock reminds me of a stock I owned in 1995. Centex Cable
I believe was the name. I bought and owned it for three months
and it moved up and down at between $4.50 and $5 on great news. Very frustrating when I saw many other stocks move by leaps and bounds, just on a name and no content and no news. Then one morning, bam! A buyout for $10 a share. Worth the wait$$$$$$
Longs hang in there. Our day will come.
Royaltyfree-DD
Markrhead,
Thanks for the rundown. I like what I see:)
Royaltyfree
Brad, you da man!!
Royaltyfree
Anyone have todays bid/ask volume breakdown. Thanks.
Royaltyfree-DD
Warmer temperatures predicted for this week here in Texas. We should get plenty of work done on the third well. Exploration in this area is unbelievable. Maverick's in a great position to grow by leaps and bounds. Glad I'm in.
Royaltyfree-DD
Reading the PR. Maverick's "pleased to announce the initial production results" statement, lets us know how things are going at Maverick. They are very happy with the results. Positive production using someone else's cash. More wells to come methinks! Go Maverick! Royaltyfree-DD
News!!!!! MKGP -- Maverick Energy Group, Ltd. Feb.16, 2007
Maverick Energy Group, LTD Announces The Initial Production from the Drilling of two Wells
Maverick Energy Group, LTD (PINKSHEETS: MKGP) (Maverick) a member of Z2, LLC is pleased to announce the initial production results on the first two wells drilled which are part of the operations planned by Maverick, as a member of Z2, with funding from the $40,000,000 Advancing Credit Facility which Z2 closed with Gasrock Capital, LLC in August of 2006.
The first well's initial production is averaging 17 Barrels of Equivalent Oil (combined oil and gas production) and the second well's initial production is averaging 30 barrels of Equivalent Oil.
In addition, the third well has been successfully drilled and is scheduled for fracture and completion the last week in February.
"Maverick is very pleased with the initial production on the two wells and looks forward to continued success on the next wells which are currently being drilled and completed " stated Jim McCabe the CEO of Maverick.
Maverick Energy Group LTD is the Operator of the "Big Foot Field" in Texas originally developed by Royal Dutch Shell (RDS-A). It has approximately 300 production wells in the field of which approximately 240 are presently revenue producing. Maverick is also the part owner of several producing natural gas wells and owns additional natural gas leases in West Virginia. The President of Maverick also serves as Chief Financial Officer of Z2, LLC. Further information can be found at http://www.maverickenergygroup.com/
or www.pinksheets.com or
Please contact:
Investor relations
lopez@maverickenergygroup.com
1-918-280-7781
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases
Under the radar. (MKGP)
Royaltyfree-DD
loss_slayer MM's don't roll that way. Big brother's always watching, even down here. Market conditions are what they're(MM)
about. Today's market condition is all about energy. Come join us! Royaltyfree-DD
Wow!! A lot of cheap pennies that had new years run-ups are at or below their lows. A whole lot of positive movement on junk hype. Many are left holding at high, high prices. No hype here. Just the fundamental movement of a normal stock. No PR, no problem. We all know what Mavericks doing.
This stock reminds me off a stock I owned in 1995. Centex Cable
I believe was the name. I bought and owned it for three months
and it moved up and down at between $4.50 and $5. Very frustrating when I saw many other stocks move by leaps and bounds, just on a name and no content. Then one morning, bam!
A buyout for $10 a share. Worth the wait$$$$$$
Royaltyfree-DD
Bid/Ask gap is closing. MM's want to make some money. So do we!!
Royaltyfree-DD
With energy being the main topic of news, we may see a ramp-up
of well completions near term. The weather here in Texas to the north is cold, but to the southwest its warmer in the 50's. They are still drilling here to the north at a record pace. Low 40's weather seems to be the break point on workload. Royaltyfree-DD
MM still having a wide bid/ask tells me shares are tight. Right now many junk pennies are moving up fast for a couple of days and crashing the next. These stocks have a close bid/ask so they can flip quick which is normal down here. Maverick is a slow play because they have a true business model with true earnings not just hype. It will move on the truth which is what our last PR's have been. MM will always play their game, that's the business. Hang in there! Royaltyfree-DD
Some may debate the PR's as slow and the companies progress as slow. I'm here to tell you that the last several weeks here in Dallas, Texas have been a fridged nightmare. Oklahoma to the north was even worse. You can't get much done with snow, rain and sleet hitting your hands and face. I applaud Maverick for getting the next well going. Wells are put together in stages and if the weather is not right for that stage of parts, putting it together in a hurry only breeds more delays.
Another positive that many don't talk about on this board is dilution of stock which is very important with penny stocks. Maverick is not diluting. Their situation does not need stock money. This stock is a buy just on that assumption.
Royaltyfree-DD