Maverick Energy Group Ltd (MKGP)

[nsomniyak]

On the surface, this reads as good news. However, part of me is thinking "surely they had to have done a similar inspection BEFORE acquiring the assets". Additionally, saying that the offices they got as part of the deal "were found to contain extensive and well-maintained files and records on all the wells and acquired assets" (that was a surprise?) is somewhat disingenuous.

It makes it sound as though they didn't really know what they were getting. Somehow I doubt that, unless they went in convinced that the prices was so good it would not matter if the wells and operating equipment were not in condition and the office contained no records at all.

Let's see some results rather than just saying "yep, we got what we thought we were buying". A workover/re-completion schedule, BOPD production figure and cash flow is what we need.