On January 17th they have an option to acquire more interest in one of the profitable wells....next HMGP IMO
Posted by Homersbud on :
I remember when this stock was PGPU and I took a small position when it was at .20 and ever since it has fallen off the map to a low of 03. I believe it rebounded a little bit, but the company doesn't like to keep shareholder informed. They never did bother to PR the name change or anything. WTF? But I do like the chart and last I remember the OS is rather small....Will keep on watch and see where it goes..Good luck!
Posted by stocktrader22 on :
Well looks like they are starting to update shareholders plenty!
Last 2 news releases...and watch out if they decide to use the option on the 17th to acquire a higher interest in the profitable wells.
Maverick Successfully Drills 2 New Wells in Big Foot Field Friday January 12, 8:30 am ET
SAN ANTONIO, TX--(MARKET WIRE)--Jan 12, 2007 -- Maverick Energy Group, Ltd (Other OTC:MKGP.PK - News) (Maverick), along with the other members of Z2, is pleased to announce the successful drilling of two new Olmos "D" wells in its Big Foot Field in Frio County, Texas. Logs indicate in excess of twenty feet of pay in each of the two wells. These are the first two wells in Maverick's, as a member of Z2, redevelopment program with Z2's recent $40 million funding.
Maverick is the Operator of the field and owns an 11.5% member interest in Z2, the owner of the Big Foot Field.
Maverick anticipates that both of the above mentioned wells will be completed and in production by the end of January. Maverick also should begin the drilling of the third Z2 well by the end of January.
Maverick Energy Group, Ltd is the operator of the "Big Foot Field" in West Texas originally developed by Royal Dutch Shell (RDS-A) and recently valued at approximately $19 million. It has approximately 300 wells in the field of which approximately 240 are presently revenue producing. Maverick is also the proprietary owner and operator of several producing natural gas fields and owns additional natural gas leases in West Virginia. The President of Maverick also serves as the Chief Financial Officer of Z2, LLC.
Maverick Energy Group, LTD Announces 3rd Quarter Earnings Monday January 8, 8:30 am ET
TULSA, OK--(MARKET WIRE)--Jan 8, 2007 -- Maverick Energy Group, LTD (Other OTC:MKGP.PK - News) (Maverick) is pleased to announce the results of its third quarter earnings. The gross revenue for the third quarter ending September 30, 2006 was approximately $1,174,000. The net income for the same period is approximately $201,000. The net income for the same period is approximately $201,000. The gross revenue is in excess of a 25% increase from the second quarter and the net income is a 36% increase over the second quarter net income.
"Maverick has experienced solid growth in its third quarter earnings and should continue to see an increase in quarterly gross revenue through the end of the year. Based upon the second and third quarter results, Maverick should meet or exceed its previously projected annualized gross revenue projection of $3,000,000 and its annualized net income projection of $400,000," stated Jim McCabe, CEO of Maverick.
Maverick Energy Group LTD is the operator of the "Big Foot Field" in West Texas originally developed by Royal Dutch Shell (RDS-A) and recently valued at approximately $19 million. It has approximately 300 wells in the field of which approximately 240 are presently revenue producing. Maverick is also the proprietary owner and operator of several producing natural gas fields and owns additional natural gas leases in West Virginia. The President of Maverick also serves as the Chief Financial Officer of Z2, LLC.
Posted by stocktrader22 on :
.05x.055
Posted by stocktrader22 on :
.055x.065
Posted by stocktrader22 on :
love the increasing volume
Posted by stocktrader22 on :
.06x.063
Posted by stocktrader22 on :
.06x.07
next hmgp here IMO
Posted by stocktrader22 on :
huge volume...
Posted by stocktrader22 on :
.065x.073
Posted by stocktrader22 on :
.065x.075
lol where is everyone? Called at .045x.05
Posted by a surfer on :
hey dude whats up??
Posted by stocktrader22 on :
lol not much...just feeling lonely in here.
Anything interesting going on today?
kind of bored.
MKGP is having a great day
Posted by a surfer on :
you still holding KLGE??
Posted by stocktrader22 on :
quote:Originally posted by a surfer: you still holding KLGE??
yup.
Posted by stocktrader22 on :
.07x.075
Posted by stocktrader22 on :
50% today
I'll take it Posted by stocktrader22 on :
looks like tomorrow when it continues to go up no one will be with me Posted by Homersbud on :
sob, I forgot to put this on my streamer!!!
Nice call stocktrader!
Posted by stocktrader22 on :
no problem...next hmgp...should dip a little, but I think we see .10-.15 shortly
Posted by Homersbud on :
quote:Originally posted by stocktrader22: no problem...next hmgp...should dip a little, but I think we see .10-.15 shortly
I played that stock when news hit on the 12th of Dec. In and out that same day for a small profit...What happens next couple of weeks? Nice and steady rise to .15...just my luck!!
Posted by stocktrader22 on :
lol..
well first off they are profitable...and by EOW we will probably here whether they buy up their option to have 24% controlling interest instead of just 11% right now..meaning more revenue and profit. Solid!
Posted by stocktrader22 on :
MicroCap-Alerts.Com Heavy Trading Confirms Breakout!! Jan 16, 2007 We are very excited and confident following today's trading session of MKGP.PK The stock rose 50% on just under 2 million shares changing hands. This is the kind of volume we were seeking to confirm a breakout of the stock to the upside. Along with the heavy volume we were treated to a 50% increase in share price. Volume always precedes move. Five of the last six sessions the volume has been getting stronger with the last 3 sessions showing a nice gradual incline in the volume bars. That is exactly what we like to see with a corresponding price chart with the same gradual incline. REMEMBER VOLUME ALWAYS PRECEDES MOVE!!
The MACD average is now solidly in an uptrend with the MACD signal line beginning to follow. The five and ten day moving averages are solidly moving to the upside with the 20 day moving average beginning to make its signal felt. And finally the 50 day and 100 day moving averages appear to have bottomed out indicating they are ready to trend upward. What does all this say? Certainly for the short term the stock is picture perfect for a continuing upward trend. For the longer term with the longer moving averages bottoming out it bodes well for a sustained upward movement. There are two more things we would like to see. A follow through on todays volume. It doesn't have to be as heavy as today, but we would like to see strong buy side volume (today the buyside volume dwarfed the sell side volume) and the continuing of the longer term moving averages continuing to bottom out. As our long term readers know, we do not strictly adhere to the technicals. We also look at the fundamentals for value. MKGP.PK IS BEGINNING TO HAVE BOTH!!!! IT IS POTENTIALLY THE PERFECT STORM!!!! THE TRAIN HAS NOT COMPLETELY LEFT THE STATION. YOU MAY STILL CATCH THE CABOOSE IF YOU HURRY!
Posted by stocktrader22 on :
.07x.08 now might see .10 today
Posted by stocktrader22 on :
.08x.085 now
wow!
Posted by stocktrader22 on :
from another board
"Look at nite who is the most active MM
He moved off the ask up to .25 he knows where it is going here is the latest ASKS (no shares) WOW!
nice accumulation at these levels.
Posted by stocktrader22 on :
Maverick Energy Group, LTD Announces Field Production up 15% Wednesday January 17, 2:30 pm ET
SAN ANTONIO, TX--(MARKET WIRE)--Jan 17, 2007 -- Maverick Energy Group, LTD (Other OTC:MKGP.PK - News) (Maverick), a member of Z2, LLC, is pleased to announce an update to the Z2 well workover program for Z2, LLC (Z2). The Z2 workovers are part of the initial operations planned by Maverick with funding of $40,000,000 from the Advancing Credit Facility, which Z2 closed with Gasrock Capital, LLC at the end of August 2006. ADVERTISEMENT
Approximately 16 of the 22 workovers have been completed and placed back on line and are producing. The overall daily field production has increased by approximately 15% and could increase to 300 barrels of production per day once all the Z2 workovers are completed and producing, which would represent an overall increase of approximately 20%.
"The results of the increased production from the initial reworks are as expected. Maverick is very pleased and plans to complete additional reworks throughout 2007," stated Jim McCabe, CEO of Maverick.
Maverick is the operator of the field and owns an 11.5% member interest in Z2, the owner of the Big Foot Field.
Maverick Energy Group, LTD (formerly Pinnacle Group Unlimited, Inc) 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. PGPU/Maverick is also the part owner of several producing natural gas wells and owns additional natural gas leases in West Virginia.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Posted by stocktrader22 on :
Liked this one back at .05
.095 now...looking real nice.
Posted by onemorehit on :
HOW DID WE ALL EVER MISS THIS ONE!!!
Maverick Energy Group, LTD Announces the Commencement of Drilling of Third Well in Big Foot Field Market Wire - February 06, 2007 11:01 AM ET
Related Quotes Symbol Last Chg MKGP Trade 0.095 0.00 Real time quote.
Maverick Energy Group, LTD (PINKSHEETS: MKGP) (Maverick) a member of Z2, LLC is pleased to announce the commencement of drilling of the third well which is 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 initial drilling phase of the well began on January 30th and is expected to be completed this week. Once the well is drilled, the well will be logged and scheduled for completion in the month of February.
This is the third well of five scheduled wells to be drilled and completed as part of the initial funding with the Gasrock Capital, LLC funding. Of the first two wells drilled, one is completed and in the testing stage and the second well was fractured yesterday and will be placed on line and tested over the next two weeks. It is expected that both wells will produce oil and gas in commercial quantities. Initial flow rates on the first well should be available by the middle of February. The inclimate weather at Big Foot the second half of January has delayed the testing and completion operations on the first two wells.
"Maverick is very pleased with the progress on the drilling program to date and expects to release initial production data on the first two wells in the very near future," 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.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Please contact: Investor relations lopez*maverickenergygroup.com 1-918-280-7781
Posted by onemorehit on :
Maverick Energy Group, LTD Announces the Initial Production From the Drilling of Two Wells Market Wire - February 20, 2007 8:35 AM ET
Related Quotes Symbol Last Chg MKGP Trade 0.095 0.00 Real time quote.
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.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Investor Relations lopez*maverickenergygroup.com 1-918-280-7781
Posted by onemorehit on :
MAVERICK ENERGY GROUP LTD COM (MKGP: OTC)
Maverick Energy Group, LTD Announces the Completion of Drilling of Fourth Well in Big Foot Field Market Wire - February 22, 2007 8:31 AM ET
Maverick Energy Group, LTD (PINKSHEETS: MKGP) (Maverick), a member of Z2, LLC, is pleased to announce the successful completion of drilling of the fourth well which is 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 initial drilling phase of the well began on February 14th and was completed today. The well will be logged and scheduled for completion the first half of March. In addition, the drilling of the fifth well in Z2's current program is scheduled to begin tomorrow.
These wells are the fourth and fifth wells of five scheduled wells to be drilled and completed as part of the initial funding with the Gasrock Capital, LLC funding. Of the first three wells drilled, two are completed and producing and the third well is scheduled for fracture on February 25th and will be placed on line and tested in the first half of March. Initial flow rates on the third well should be available by the middle of March.
"Maverick continues to be pleased with the progress on the drilling program to date and looks forward to placing the next three wells in production," 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.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Please contact: Investor relations lopez*maverickenergygroup.com 1-918-280-7781
Posted by onemorehit on :
Maverick Energy Group, LTD Announces the Completion of Drilling of Fifth Well in Big Foot Field Market Wire - February 28, 2007 8:30 AM ET
Maverick Energy Group, LTD (PINKSHEETS: MKGP) (Maverick) a member of Z2, LLC is pleased to announce the successful completion of drilling of the fifth well which is 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 initial drilling phase of the well began on February 22nd and was completed today. The well will be scheduled for completion the first week of March.
In addition, the third well was fractured on February 25th and will be placed on line and tested this week. Initial flow rates should be available by the middle of March.
The fourth and fifth wells of the five scheduled wells to be drilled and completed as part of the initial funding with Gasrock Capital, LLC are scheduled for fracture on March 4th and will be placed on line and tested next week. Initial flow rates on them should be available in the latter half of March.
"The drilling of the fourth and fifth wells is ahead of our projected time frame. This will allow us to gauge the initial production rates on the fourth and fifth wells earlier than expected," 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.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Please contact: Investor relations lopez*maverickenergygroup.com 1-918-280-7781
Posted by pepa z depa on :
some great DD from Ihub:
MAVERICK ENERGY GROUP, small undervalued oil/gas company, currently trading in the 4-5 cents range and they are already in profit. I consider them as them one of the most undervalued oil/gas company on pink sheets.
See their financial data and increase in revenues, net income and shareholder equity for for the last three quaters:
Financial Data From Quarter Ending June 30th 2006 Total Revenue............................$934,589 Net Income................................$147,387 Total Assets...........................$2,379,616 Total Liabilities........................$2,016,276 Stockholder Equity.....................$363,340 http://www.pinksheets.com/quote/finance.jsp?symbol=MKGP
Financial Data From Quarter Ending September 30th 2006 Total Revenue............................$1,173,936 Net Income................................$200,752 Total Assets...........................$2,276,952 Total Liabilities........................$1,691,760 Stockholder Equity.....................$582,192 http://www.pinksheets.com/quote/finance.jsp?symbol=MKGP
Financial Data From Quarter Ending December 31st 2006 Total Revenue............................$2,460,101 Net Income................................$239,904 Total Assets...........................$2,760,132 Total Liabilities........................$1,945,036 Stockholder Equity.....................$815,096 http://www.pinksheets.com/quote/finance.jsp?symbol=MKGP
Summary: For the period ending December 31st 30th 2006 1. Maverick saw an increase in Revenue of 110% from the previous Quarter. 2. Maverick saw an increase in Net Profit of 20% from the previous Quarter. 3. Maverick increased Total Assets by 21% from the previous Quarter. 4. Maverick increased Total Liabilities by 15% from the previous Quarter. 5. Maverick increased Stockholder Equity by 40.% from the previous Quarter.
Financial Data for the First Quarter of 2007 to be reported in the middle of June.
Current Share Count Information: Authorized Shares............................... 500,000,000 Issued and Outstanding........................130,564,189 Restricted Shares.................................97,637,743 Float................................................... 32,926,446
CEO - James McCabe..............................44,211,243 President - Richard Bednar.......................12,344,400 Business & Financial Consultants.............15,438,039 (Richard Bednar is Managing Director) CFO Brice Bogle.......................................7,125,000 I/R Christiane Lopez.....................................600,000
Maverick currently has an 11.517% ownership interest in Z2, and holds an option to acquire an additional 13.184% membership interest in Z2 for an exercise price of $1,000,000 (which may be exercised at any time through July 17, 2007). In the event the Company exercises this purchase option, Maverick’s ownership interest in Z2 would increase to 24.7%.
Z2 LLC (“Z2”) owns 100% of the Big Foot Oil Field (“Big Foot”) located in Frio and Atascosa Counties in West Texas. Big Foot was originally developed by Royal Dutch Shell which sold the property in 1992. Big Foot has approximately 300 production wells, of which about 240 are presently revenue producing. According to Z2's most recent engineering report (dated January 1, 2006), the estimated future net revenue from the Big Foot currently producing properties may be in excess of $38,000,000. In addition, the estimated future net revenue from the 200 Proved Undeveloped Properties (PUDs) yet to be drilled may be in excess of $353,000,000. The President of Maverick, Richard J. Bednar, also serves as the Chief Financial Officer of Z2.
Maverick is the paid operator of Big Foot for Z2. In addition, Maverick is also the part owner and operator of several producing natural gas wells, and owns approximately 50 natural gas leases in West Virginia.
Together with Big Foot oil field Maverick has interest in several small projects. Check their site:
quote:Originally posted by pepa z depa: some great DD from Ihub:
Financial Data From Quarter Ending June 30th 2006 Total Revenue............................$934,589 Net Income................................$147,387 Total Assets...........................$2,379,616 Total Liabilities........................$2,016,276 Stockholder Equity.....................$363,340
Financial Data From Quarter Ending September 30th 2006 Total Revenue............................$1,173,936 Net Income................................$200,752 Total Assets...........................$2,276,952 Total Liabilities........................$1,691,760 Stockholder Equity.....................$582,192
report for the first quarter of 07.
Financial Data From Quarter Ending December 31st 2006 Total Revenue............................$3,320, 616 Net Income................................$13,431 Total Assets...........................$3,289,508 Total Liabilities........................$2,405,231 Stockholder Equity.....................$884,277
revenues up a lot, despite there was bottom prices for oil and gas in the first quarter and ice storms in Texas which were highly unusual and interrupted operations of most companies in the area affected. Net income has decreased and liabilites has increased.
Watch out for next quarter report, with high oil/gas prices it should be a turn around report for MKGP
Posted by pepa z depa on :
New quater report, significant increase in revenues.
12.3 milion revenues for the first half of year, while Market Cap is measly 5.2 milions, price to sales 0.211 ratio - average small cap gas/oil company has around 2-4 price to sales ratio.
Maverick Energy Group Announces Profit of $73,669 for Second Quarter of Fiscal 2007 Wednesday August 15, 8:30 am ET
TULSA, OK--(MARKET WIRE)--Aug 15, 2007 -- Maverick Energy Group, LTD (Other OTC:MKGP.PK - News) is pleased to announce operating results for the second quarter and first six months of fiscal year 2007, ending June 30th. The Company reports a gross profit of $255,001 during the second quarter and of $466,702 for the six-month period. ADVERTISEMENT
Maverick's revenues for the three and six-month periods rose sharply from $934,589 and $934,589 respectively to $4,553,543 and $7,874,159 over the same periods from 2006. These dramatic increases were accompanied by a corresponding increase in expenses. Still, the company showed a net profit of $73,669 for the second quarter and $87,100 for the first six months.
"We are very proud of the progress and growth Maverick is making quarter after quarter. Our numbers continue to reinforce the fact that we are a company that focuses on fundamentals and core growth. Although we currently derive a significant amount of revenue from our duties as drilling operator for Z2 and the Big Foot field, we will continue to investigate and pursue outside exploration and drilling opportunities that allow us to diversify our holdings and revenue streams while boosting profits in the quarters and years to come," says Jim McCabe, CEO of Maverick Energy Group, LTD.
"Despite adverse weather conditions over the last couple of quarters that dictated slowdowns in our drilling operations in the Big Foot field, Maverick is still showing a very healthy net profit. These conditions, together with the fact that we did not start any new outside drilling operations in this timeframe, temporarily kept us from posting profits as large as we would have liked for the first six months of 2007. Drilling is already ramping back up in Big Foot and our plans also include another outside drilling program in the coming months which should both have very positive impacts on our revenues and bottom line for the foreseeable future," continues McCabe.
About Maverick Energy Group, LTD
Maverick Energy Group LTD, based in Tulsa, OK, is engaged in the domestic exploration and production of crude oil and natural gas. Its management team has over 150 combined years of experience in the oil & gas and financial services industries. Maverick Energy is the Operator of the "Big Foot Field" in Texas, which was originally developed by Royal Dutch Shell (RDS-A). The Big Foot Field has approximately 310 production wells in the field of which approximately 225 are presently revenue producing. Drilling operations in the Big Foot Field are being funded through a $40,000,000 Advancing Credit Facility which Z2, LLC closed with Gasrock Capital, LLC in August of 2006. 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. For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com. Posted by pepa z depa on :
I have extracted new quater data from their filling for 2nd quater and put them in perspective so everyone can see growth of company
Quote: Originally Posted by teomax Financial Data From Quarter Ending September 30th 2006 Total Revenue............................$1,173,936 Net Income..............................$200,752 Total Assets...........................$2,276,952 Total Liabilities........................$1,691,760 Stockholder Equity.....................$582,192
Financial Data From Quarter Ending December 31st 2006 Total Revenue............................$2,460,101 Net Income................................$239,904 Total Assets...........................$2,760,132 Total Liabilities........................$1,945,036 Stockholder Equity.....................$815,096
report for the first quarter of 07. Total Revenue............................$3,320, 616 Net Income................................$13,431 Total Assets...........................$3,289,508 Total Liabilities........................$2,405,231 Stockholder Equity.....................$884,277
report for the second quarter of 07. Total Revenue............................$4,533,543 Net Income................................$87,100 Total Assets...........................$3,485,514 Total Liabilities........................$2,527,568 Stockholder Equity.....................$957,946
Net income should increase in next quater...
Posted by pepa z depa on :
another news: Maverick Energy Group Announces Funding Increase to $75 Million Wednesday November 14, 8:30 am ET
TULSA, OK--(MARKET WIRE)--Nov 14, 2007 -- Maverick Energy Group, LTD (Other OTC:MKGP.PK - News) (Maverick), a member of Z2, LLC, is pleased to announce the completion of its first 22-well workover program for Z2, LLC (Z2). The 22 workovers, as well as the drilling of 6 PUDs, were part of the initial operations planned by Z2 with funding from the $40,000,000 Advancing Credit Facility which Z2 closed with Gasrock Capital, LLC (Gasrock) the latter part of August, 2006. Once the initial phase was completed the second phase of the drilling of PUDs and deepening of wells was commenced. This has included the completion of an additional 5 PUDs and 19 deepenings through the end of October. As a result of Z2's success, which more than doubled the oil and gas production of the Big Foot Field, Gasrock has increased its facility size to $75,000,000. ADVERTISEMENT
"Maverick has expanded its drilling program with Z2's Gasrock funding, enabling our operations to continue to drill new wells and deepen existing wells. In the past 12 months, Maverick has increased oil sales from approximately 7,000 barrels of oil per month to over 16,000 barrels per month. Also during this time, Maverick built a gas pipeline, gathering systems and gas plant, and generated gas sales of over 350 mcfd. We expect to increase our oil and gas production in the Big Foot Field by another 20% before the end of 2007," says Jim McCabe, CEO of Maverick Energy Group, LTD.
"We are planning other projects in this field that, once implemented, we expect to add to our production, further increasing our revenues and bottom line," continues McCabe.
Posted by pepa z depa on :
and another news from MKGP.
They have just filled 3rd quater report, I extracted few numbers, so everyone can see their stable grow, quater after quater:
report for the third quarter of 07 Total Revenue............................$6,437,405 Net Income................................$208 417 Total Assets...........................$4,974,464 Total Liabilities........................$3,802,701 Stockholder Equity.....................$1,171,763
current market cap is around 5 milions, while revenues for nine months of 07 is 14,311,564 and net income is 295,517 (it should improve it a lot next year)
Maverick Energy Group Announces Soaring Revenues and a Profit of $208,417 for Third Quarter of Fiscal 2007 Thursday November 29, 8:30 am ET
TULSA, OK--(MARKET WIRE)--Nov 29, 2007 -- Maverick Energy Group, LTD (Other OTC:MKGP.PK - News) is pleased to announce operating results for the third quarter of fiscal year 2007, ending September 30th. In the last quarter, Maverick reports a gross profit of $470,001.
Maverick's revenues for the three-month period rose dramatically to $6,437,405 for the third quarter of 2007 from $1,173,936 in the same three-month period of 2006, representing an over 500 percent increase in revenues in the third quarter year over year.
For the first nine months of 2007, Maverick reports revenues of $14,311,564, which is a major increase over the $2,108,525 the company reported in revenues for the same period in 2006.
"We continue to experience dramatic revenue growth quarter over quarter, year over year largely to the ramped up drilling operations we oversee with Z2 LLC. Because the margins on this work are not extremely large, our net profit has not grown anywhere near as fast as our revenues up to this point. However, now that Z2 has finally reached profitability and we can start booking a percentage of those profits along with profits we should see from our West Virginia wells, we anticipate that our net profit margin should start increasing beginning next quarter. These factors are solid indications that we are quickly moving in the right direction and should make it much harder for the investment community to ignore Maverick in the future," says Jim McCabe, CEO of Maverick Energy Group, LTD.
"As we recently announced, Gasrock Capital, LLC has increased its funding of the Z2 LLC drilling program from $40,000,000 to $75,000,000. This bodes very well for the Z2 partners and Maverick in particular since Maverick acts as the drilling operator for Z2 and the Big Foot field. Maverick recently completed its first 22-well workover program for Z2, LLC (Z2), as well as the drilling of 6 PUDs. Drilling operations in Big Foot and the revenues Maverick can expect to receive from them, as well as our growing operations in West Virginia, should continue to help drive our growth for the foreseeable future," continues McCabe.
About Maverick Energy Group, LTD
Maverick Energy Group LTD, based in Tulsa, OK, is engaged in the domestic exploration and production of crude oil and natural gas. Its management team has over 150 combined years of experience in the oil & gas and financial services industries. Maverick Energy is the Operator of the "Big Foot Field" in Texas, which was originally developed by Royal Dutch Shell (RDS-A). The Big Foot Field has approximately 310 production wells in the field, of which approximately 225 are presently revenue producing. Drilling operations in the Big Foot Field are being funded through a $40,000,000 Advancing Credit Facility which Z2, LLC closed with Gasrock Capital, LLC in August of 2006, amended to $75,000,000 in November of 2007. Maverick is also the part owner of several producing natural gas wells in West Virginia and owns additional natural gas leases in West Virginia. The President of Maverick also serves as Chief Financial Officer of Z2, LLC. For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com. Posted by pepa z depa on :
"Profit margin increase in 4th quarter allowed booking of percentage of profits for Maverick"
Here is a extraction of MKGP pink sheet fillings from Ihub board (done by BMiles)
Financial Data 2007..................Mar 2007...............Jun 2007...............Sep 2007..............Dec 2007...............FY 2007 Total Revenue.............................$3,320,216............$4,553,543............ .$6,437,405 Net Income...................................$13,431................$73,669......... ........$208,417 Total Assets..............................$3,289,508.............$3,485,514........... ...$4,974,464 Total Liabilities...........................$2,405,231.............$2,527,568......... ....$3,802,701 Stockholder Equity......................$884,277.................$957,946..............$1,17 1,763 http://www.pinksheets.com/quote/finance.jsp?symbol=MKGP Posted by pepa z depa on :
they are going to make at least 50% bigger profit in 08, new Q report:
Maverick Energy Group Announces a Profit of $252,481 for Fourth Quarter and of $547,998 in Annual Profits for Fiscal 2007 Friday March 14, 11:42 am ET
Fourth Quarter and Year-End Revenues Increase Over 500% From 2006
TULSA, OK--(MARKET WIRE)--Mar 14, 2008 -- Maverick Energy Group, LTD (Other OTC:MKGP.PK - News) is pleased to announce operating results for both the fourth quarter and twelve-month fiscal year 2007, ending December 31st. ADVERTISEMENT
Maverick's revenues for the three-month period increased dramatically from $2,460,101 to $9,741,087 for the fourth quarter of 2007 over the same three-month period of 2006, representing an increase of over 500 percent in revenues in the fourth quarter year over year. Maverick's year-end revenues also increased more than 500 percent from $4,568,626 to $24,052,651. The company's fourth quarter revenue growth continued to be on par with the growth it experienced in the third quarter of 2007.
Maverick also reports that for the fourth quarter of 2007, the company's net profit was $252,481 and its net profit for the year was $547,998. This means that the company has reported net profits for two years in a row.
"As our fourth quarter report and annual numbers show, Maverick's revenues continue to climb. This is due largely to the increased activity and production within the Big Foot field in Texas. We are very pleased to announce that the limited liability company that jointly owns the Big Foot leases, Z2 LLC, in which Maverick holds approximately 11.5 percent interest, has finally reached full profitability. As we further build on the drilling program within the Big Foot field, the revenues we derive from the partnership's increasing profits should also grow accordingly. We believe that as the Z2 LLC leases in the Big Foot field continue to mature, the Z2 affiliation should yield strong oil and gas profits for Maverick for years to come. This should help the company to post desirable numbers for the foreseeable future," says Jim McCabe, CEO of Maverick Energy Group, LTD.
"Maverick's success has not only been in the areas of revenues and profits. Over the past year we have increased our available cash holdings by nearly $450,000. At the same time, we have been able to significantly improve our current asset to current debt ratio as well, taking it from approximately .8 to 1 to right at 1 to 1. Because of all of these factors, we believe that Maverick is well positioned to continue expanding all of our drilling programs. As predicted, Maverick turned the corner in 2007 and should continue rapidly advancing on its path to long-term success. We anticipate that as we continue to show increased revenues and strong profits quarter after quarter, it will become much easier to distinguish Maverick from the host of other junior oil and gas companies that may never be profitable for their shareholders. This kind of prolonged success should start attracting an increasing amount of attention from Wall Street. That is exactly what we would like to see for our very dedicated shareholders," continues McCabe.
Posted by tmanfromtexas on :
They made a 2 1/2% profit on 9MM bucks. Hmmmm. TMAN...
Posted by pepa z depa on :
not a big margins, but their net profits are growing and unlike 99% of pinks they have stable net income and only around 2% dillution in two years. I expect them to make around 1 cent EPS in 08.
Financial Data 2007..................Mar 2007...............Jun 2007...............Sep 2007..............FY 2007 Total Revenue.............................$3,320,216............$4,553,543............ .$6,437,405........$24,052,651 Net Income...................................$13,431................$73,669......... ........$208,417........$547,998 Total Assets..............................$3,289,508.............$3,485,514........... ...$4,974,464.......$7,100,359 Total Liabilities...........................$2,405,231.............$2,527,568......... ....$3,802,701.......$5,676,115 Stockholder Equity......................$884,277.................$957,946..............$1,17 1,763........$1,424,244
Posted by pepa z depa on :
Maverick Energy Group Announces First Quarter 2008 Net Profit Increase of 750% Over Same Quarter 2007
First Quarter 2008 Revenues Double Over Q1 2007
TULSA, OK - May 15, 2008 - Maverick Energy Group, LTD (Other OTC: MKGP) is pleased to announce operating results for first quarter of fiscal year 2008, ending March 31st.
Maverick's revenues for the three-month period increased dramatically from $3,320,616 to $6,482,108 for the first quarter of 2008 over the same three-month period of 2007, representing an increase of over 100 percent in revenues in the first quarter year over year. Maverick also reports that for the first quarter of 2008, the company's net profit was $101,761. This represents a same quarter increase of approximately 750 percent over the company's first quarter in 2007.
"We are pleased to continue building upon two years of profitability and growth with the first quarter's profits and to be able to report positive revenues, profit and operating cash flow and a significant decline in the ratio of debt to total assets. Our performance over the last few quarters demonstrates that our strategy of entering lower risk, high potential drilling programs where we act as the operator is working. We are confident that our outlook for 2008 is strong and that we are on track to deliver on our goal of consistent and profitable growth that builds long term shareholder value," says Jim McCabe, CEO of Maverick Energy Group, LTD.
"As reported in the last edition of our Drill Bits newsletter, we have been working diligently to boost drilling and/or production in both the Big Foot Filed in Texas and on our leases in West Virginia. These operations are reflected positively in our financials over the last few quarters. The additional revenues we have realized from our operations have also helped to boost our cash reserves by just over 400 percent over the same quarter last year, thus allowing Maverick the luxury to seek out even more promising drilling and exploration prospects. All of this should benefit Maverick and its shareholders for years to come," adds McCabe
Posted by pepa z depa on :
another great Q report: Maverick Energy Group Announces First Quarter 2008 Net Profit Increase of 97% Over Same Quarter 2007
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