Maverick Energy Group Ltd (MKGP)

[Pens88Fan1]

DD MEGA THREAD UPDATED 4-9-2021

4-7-2021

Maverick Energy Group Retains George Sharp and Culhane Meadows PLLC
This is big and unexpected news. George Sharp knows the OTC like the back of his hand and conscientiously DOES NOT get involved in SCAMS. In fact, he claims to call them out. Any look at his Twitter will show that he does this frequently.

@GeorgeASharp for his Twitter info.

MKGP has a Reg. A Offering in the pipeline. This can be found at: https://sec.report/Document/0001683168-21-000058/

Inside the Reg A, there's information regarding Drilling Equipment for USR Drilling. This is important to note as the federal government has not regulated drilling on private land.

· USR Drilling being intertwined so heavily with MKGP is a potential JV partnership or bigger
USR Drilling could be more of a factor regarding production of revenues that initially realized.
*****DD CONFIRMED ON 10/28/2020 https://www.otcmarkets.com/stock/MKGP/news/Maverick-Announces-Agreement-with-USR-Resources-LLC?id=278373 ******

https://www.otcmarkets.com/stock/MKGP/news/Maverick-Closes-Acquisition-of-Technology-Licensing-Agreement-from-USR-Resources-LLC-11921?id=286697



USR Drilling holds worldwide rights until 2025 for their proprietary Snakescreen technology. On top of this, MKGP is the currently the only North American company to hold the rights to utilize USR's technology. Manufacturing their own tooling and mud-motors/drilling equipment will allow them to utilize USR's technology for years to come.

Jim McCabe Jr. is CEO of Watson Energy and recently (January 2020) became CEO and President of Maverick. Close working relationship with USR Drilling as evidenced by Mr. J. David LaPrade and David Singh being involved with MKGP. Could indicate new board members or even Executives.
******DD CONFIRMED 11/19/2020*******

Work history of McCabe:
https://google.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=1809857-77235-87996&SessionID=GO07e6k4G-cXAp2


· Came off the Grey Sheets to Pink November/December 2019

· Reduced A/S from 500,000,000 to 250,000,000

· Filed three years of financials to become Pink Current

· Public float is approximately 15,500,000
****Updated on 10/01/2020 Public Float is 8,359,150****
****CONFIRMED ON 11/17/2020 by T/A Phone Call****

· Outstanding share reduction of at least 79,000,000
****Updated on 10/01/2020 O/S is 51,975,506****

McCabe’s shares being exchanged for 100,000 preferred class shares recently created.

· July 7th, 2020 the company announces that they are still proceeding with getting Pink Current as well as the buyout of other members of the company by Mr. McCabe

· On 08/10/2020 a filing through NVSOS indicates newly created share class
****DD CONFIRMED ON 10/01/2020 via Supplemental filing through Edgar****

· On 08/21/2020 company announces a share buyback of 79,118,683 from McCabe
****CONFIRMED DD****

· On July 7th, also announced is the company has access to $50mil in financing for projects. During this time in the oil market, this can be big as many companies have had difficulty finding investors. One thing to note is that MKGP’s debt stands at around $58k acquired this year to assist with bringing the company OTC Pink Current

· On 08/07/2020 @mavmkgp tweeted : $MKGP has completed all requirements by OTC Markets and is now listed as Pink Current information. We are moving forward with producing property acquisitions as planned.”

-On 10/02/2020 @mavmkgp tweeted that they have engaged Sterling Issuer Services to look forward to uplisting to OTCQB.

https://www.accesswire.com/610846/Maverick-Announces-Option-to-Purchase-Well-Servicing-Company

*****MKGP stepped away from this LOI at the moment. Not exactly a bad thing as the $20mil for this acquisition seems to be a bit high. Personally, $11-$14 mil would be more reasonable if the rigs are in good shape and depending on other infrastructure that could be included*****

https://www.accesswire.com/610148/Maverick-Energy-Group-Ltd-Announces-Option-to-Purchase-Big-Foot-Field-10132020

*****In financials, it was disclosed that MKGP stepped away from from the LOI regarding the purchase of the Big Foot Field. This isn't necessarily a bad thing as the overhead to rehabilitate can be pretty high. It appears that they are looking to utilize USR as their main focus.*****


Possible ventures:

· Watson revenues estimated of at least $6mil a year.

· One possibility is a reverse merger or acquisition play to bring Watson to the publicly traded market under the very clean shell of MKGP

o This brings other working relationships in play to include Winchester Energy (2017 references)

· McCabe also owns Diamond Energy Services
********DD CONFIRMED ON 10/16/2020*********

· There’s a wide range of what could be coming

Challenges Speed bumps

Minimal debt ($58,000)

TX Railroad Commission regulatory agency.
Operators permits/lawsuits regarding old wells/sites etc.



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

http://www.1031fec.com/BigFoot7400.htm

https://www.shalexp.com/maverick-energy-group-inc

http://watsonenergyinvestments.com/

https://www.shalexp.com/watson-energy-investments-llc

https://www.usrdrilling.com/

https://www.linkedin.com/in/jim-mccabe-9aa4284a

https://www.zoominfo.com/c/watson-energy-investments-llc/409996192

https://diamondenergyservices.com/

https://www.shalexp.com/diamond-energy-services-lp