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[QUOTE]Originally posted by pepa z depa: [QB] 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: [URL=http://www.maverickenergygroup.com]www.maverickenergygroup.com[/URL] or [URL=http://www.pinksheets.com.]www.pinksheets.com.[/URL] [/QB][/QUOTE]
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