Maverick Energy Group Ltd (MKGP)

[Ricosauve]

Maverick Energy is currently trading as "Pink no Information" after being promoted from just a Grey Sheet stock in December and the thought here is that some day the company will either restart operations or some other compan(ies) will roll in here via reverse merger.

Authorized Shares: 250,000,000

Outstanding Shares: 131,094,189 (I confimed Share Structure with new Transfer Agent on 5/11/20)

Restricted: 115,610,039
Unrestricted/ Float: 15,484,150

Company Info link https://www.otcmarkets.com/stock/MKGP/overview

Nevada Business Listing:

The company continues to maintain a current status with state of NV for the company.


Recently, the officers have been updated at NVSOS..


Many of the officers and contact addresses/phone numbers are the same for Maverick Energy as they are for Watson Energy Investments http://www.watsonenergyinvestments.com


This has led to speculation that these 2 companies may be merging together here....Thus the price jump from .0001 to .0998 recently

It would take a lot of effort for these companies to merge, first order of business is that they need to be current in their filings to become pink current

The final steps would be to merge together...this is all highly speculative of course...and may take a few months to complete...

The ceo just updated the corporate webpage ! many questions have been addressed...

http://www.maverick-energy.com/mkgp-founder-announces-new-team-members-and-transfer-agent/#respond

http://www.maverick-energy.com/authorized-share-reduction/

Maverick Energy Group, Ltd. (OTC Markets, MKGP) is pleased to announce that its Board of Directors has begun work to re-establish the company with OTC Markets starting as a Pink Sheet Non-Reporting company. The following are steps in this process. Mr. Richard Bednar and Mr. Brice Bogle have stepped down as President and CFO respectfully. The company appreciates their work and support of the company. They contributed greatly to maintaining the company’s status during the past lull in activities.

While both have private interests that preclude their maintaining an active role in the company, they have expressed their continuing support going forward. Mr. James McCabe will serve as President and CEO while Ms. Christiane Lopez will continue to serve as corporate secretary and investor relations. We have a wonderful group of professionals that have joined the company whose descriptions can be seen at maverick-energy.com.

The company has been able to move the company back on the Pink Sheets recently and has also retained Mountain Share Transfer as the company’s new Transfer Agent. We are bringing the corporate financials up to date to be current with OTC markets. This should be completed within the next few weeks.

Maverick is currently the operator of over fifty wells in the seven thousand acre Big Foot Field located primarily in Frio County, Texas. The company continues to operate wells that it drilled prior to 2012 known as the Larremore in Caldwell County, Texas; the Hudson and Digman in West Virginia; and the Crouch Lease in Frio County, Texas.

These wells continue to produce a small amount of revenue for the company. To accomplish the steps necessary to be current on the public side and to move foreword on the Operational side, financing is always key. In this regard, Mr. Reed Morgan has joined the company as head of Business Development, Finance, and as a Director. With Mr. Morgan’s help, the company is currently in its refinancing stage. Concerns regarding company financing may be directed to the following email addresses:
Mr. Morgan
[e-mail] or
Mr. McCabe [e-mail].

Going forward the company plans to build the company on proven business models of quality oil and gas acquisitions in North America that have upside developmental potential. The company plans to use horizontal drilling, with the expertise of Mr. David LaPrade to bring an economic force multiplier to the company’s acquisitions and development.
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Maverick Energy Group, LTD is please to announce the Board of Directors has approved an Authorized Share Reduction of 250,000,000 common resulting in the new Authorized Shares amount of 250,000,000 shares. This represents a 50% reduction, and was submitted and accepted by Nevada Secretary of State.
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Since our last update, Maverick has been working on two aspects of bringing the company up to date with OTC Markets. We have accomplished the legal, accounting, and regulatory requirements to restore the company’s listing and have filed with OTC Markets. Currently, we are waiting for their reply in order to move to the next stage, which will bring the company’s financials up to date.
Over the next few days, Maverick will begin posting the financial reports that we will be filing with OTC Markets once they respond to our initial filing.

Maverick continues to work with various entities to fund its acquisition and development plans. The company has made progress in this area and is continuing these efforts.

Having survived downturns in pricing and oversupplies like the one the industry is experiencing, we recognize the opportunity for Maverick to take advantage of distressed assets, accumulate leaseholds on great terms, and develop leasehold assets at favorable pricing. Given our strong and talented management team and partners, the current environment provides an appropriate opportunity to execute our business plan and prosper.



THEY NOW HAVE A TWITTER ACCOUNT! https://twitter.com/mavmkgp keep tuned for new developments!


Great Updates...we now have a new Transfer Agent (Mountain Share transfer), Financials coming over next few weeks to become Pink Current, A greatly reduced AS at NVSOS (completely unexpected, some old execs stepping aside, and a great partner in USR Drilling...whose President is now a director per website...J David Laprade....this company is ramping up efforts as oil prices appear to be making it more economically feasible to get their wells online again...amazing progress and so far under the radar...

http://www.maverick-energy.com/about/



Im not sure on the number of employees or revenues for their partner USR Drilling yet...Ive seen some sites that said somewhere between 73-373 employees worldwide...also saw one site claiming $12ml revs....cant verify any of that for sure....but they do have a website

https://www.usrdrilling.com/ they have operations in at least 6 countries

https://www.usrdrilling.com/contact.html

These 2 CEOs are friends so Im assuming a partnership has been agreed to at the very least....Im not ruling out a chance that USR could somehow combine into these other 2 oil companies somehow....that would be best case scenario !!!!


FILINGS STARTING TO SHOW UP! More coming !

http://www.maverick-energy.com/2012-financial-report/
http://www.maverick-energy.com/mkgp-completes-initial-filing-with-otc-markets/

Just need the codes from OTC Markets to allow access their databases and we can get current again !

*Big bids are starting to show up....I saw a million share bid on 5/22 at .011...This could be quite a summer run coming !

...Especially with a small 15 ml share float getting locked up more every day...and oil continuing to climb back up! Once the .02 wall falls, shares going to be hard to get

As always, do your own due diligence