Maverick Energy Group Ltd (MKGP)

[Ricosauve]

Look for announcements of acquisitions as early as this week here...Word has spread throughout the oil community that these guys have $50ML in financing available for acquisitions...very few banks will lend to any oil companies at this point, so most others are selling assets...

BTW, for those that may have missed it, I noticed the company email and phone number just changed a few days ago on their website..to the 800 number...They are finally migrating from aol.com email thank goodness as well...needed to move things out of the stone age...

Here was last update 10/2 :

SUPPLEMENTAL INFORMATION

Shareholder Update

Maverick Energy Group, Ltd, a Nevada corporation (“Maverick”), is pleased to update its shareholders with the progress made since the end of the second quarter of 2020. Maverick has completed the successful transition from a grey sheet listed company to Pink Current Information on OTC Markets.

In addition, on July 3, 2020 in a private transaction, James McCabe, CEO of Maverick Energy Group, Ltd.,purchased 34,438,039 shares of common stock of Maverick from three separate shareholders.
Subsequently, Maverick completed a share buyback agreement with Mr. McCabe to buyback 79,118,683 common shares of Maverick in return for 100,000 shares of Preferred A stock of Maverick. This transaction
represents a 60.4% reduction in outstanding common shares of Maverick.

With this transaction completed, the current Capital Structure of Maverick Energy Group, Ltd. is as follows.
Common Authorized Shares 250,000,000
Common Outstanding Shares 51,975,506
Preferred A Authorized Shares 100,000
Preferred A Outstanding Shares 100,000

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.
The Company has duly caused this Supplemental Information to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated October 1, 2020
/s/ James McCabe
Chief Executive Officer
Maverick Energy Group, Ltd.



MAVERICK ENERGY GROUP, LTD.
135 Jenkins St Ste 105B #356

St. Augustine, FL 32086

210-705-0740

800-674-6341

Maverick Energy Group is a rapidly growing U.S. independent oil and gas company currently positioned to benefit from the rise in both oil and natural gas prices.

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

Maverick Energy is currently trading as "OTC PINK CURRENT" after being promoted from just a Grey Sheet stock in December and the thought here is that some compan(ies) will roll in here via reverse merger.


UNBELIEVABLE! only a 8.4ML Public Float !



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



Recently, the officers have been updated at NVSOS....However, the company was always current at NVSOS...even when it traded on greys



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 .118 recently

It would take a lot of effort for these companies to merge, first order of business was to become pink current ,which is now done

The final steps would be to merge together..via acquisition or Reverse Merger....this should be laid out over the next few weeks

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

https://backend.otcmarkets.com/otcapi/company/financial-report/259334/content

https://www.otcmarkets.com/stock/MKGP/news/Shareholder-Update-for-July-7-2020?id=267227

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