From Garbage To Gucci

[J.C.N.]

MKGP News Out After The Close -

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.
http://www.pinksheets.com/quote/news.jsp?symbol=MKGP×tamp=2007-02-16%2018:07&headline=Maver....