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[QUOTE]Originally posted by stocktrader22: [QB] 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. [b]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. [/b] 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. [/QB][/QUOTE]
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