Maverick Energy Group Ltd (MKGP)

[loss_slayer]

veritas...in my post 3977 I listed cut number 3.I don't think that was addressed and would like to hear from anyone who would like to make a comment I'll put it below so that you don't have to go look at it again.


3.does this cut make sense?
The financing will be utilized to rework producing wells which are currently not producing
A reminder the above is just a cut from PR.

How many of the producing wells mentioned in pr does not actually produce?Well, my opinion is they should not include currently non economic value (not putting out hardly any oil if any) as producers IN pr.

Another thing AZTEC made a loan to Z3 who is Z3 or is that a typo(did they mean Z2) if typo they should correct the pr. Is there a Z1,Z2,Z3?But anyway it was a loan backed by 51 percent security of the field but at the same time they held a 30plus percent of the field.Pr says the loan was paid back....ok that covers the loan and one could assume it includes the 30 percent interest SINCE Aztec says they are moving on. But I think there must have been 2 separate transactions on what AZTEC held.1 would have been for the loan and the other for the actual 30 percent interest in the field. Nothing has been mentioned about transaction 2. So that it looks to me that if Z3 had failed to repay then AZTEC would have held a total of 80 plus percent of the field.
REMEMBER....FORWARD LOOKING STATEMENTS...often are structured in ways that can cause assumption.
This post is only for discussion purposes only and not intended to be anything else.But then who is selling.. and why could be important.Still lots of questions but we already know from past PR that producing wells with this company don't produce.