posted
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!
Posts: 2780 | From: Chicago | Registered: Oct 2005
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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.
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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!!
Posts: 2780 | From: Chicago | Registered: Oct 2005
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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!
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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!
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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.
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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
Posts: 782 | From: Warm Southern end of Maine, YA RIGHT!! | Registered: Oct 2006
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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 pro
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