Maverick Energy Group Announces the Successful Completion of the First of Two Horizontal Wells

Maverick Energy Group is pleased to announce the successful completion of the first of two planned Horizontal Wells in Caldwell County, Texas. Maverick has a 12.5% working interest in these wells and was in charge of the supervision for the drilling of the well. Once the production is established on both wells Maverick will become Operator of the wells.

The first well's lateral has been drilled to its targeted footage and the well has been swabbed for several days. Within the next two weeks it is expected that the well will be placed on pump.

Based upon the testing to date, the well could produce anywhere from 25 to 100 barrels per day. The actual amount will not be known until the well has been on pump for several weeks.

"The two horizontal wells are one of three main projects which Maverick is involved in and these two could produce a lot of oil. These wells along with our other two projects in Big Foot, Texas and West Virginia give Maverick a very diverse portfolio for an E & P Company our size" stated Jim McCabe the CEO of Maverick. "As Maverick continues to develop these projects our gross and net income should increase in 2007 and thereafter."

In addition, Maverick, as the operator for Z2, LLC has begun to plan the second phase of its development of the Big Foot Field with the $40,000,000 Advancing Credit Facility which Gasrock made available to Z2 in the second half of last year. Maverick hopes to drill at least an additional 20 PUDS at Big Foot this year and increase the gas line capacity in the second half of 2007.

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.

Further information can be found at http://www.maverickenergygroup.com/
or www.pinksheets.com or

Please contact:
Investor relations
lopez@maverickenergygroup.com
1-918-280-7781

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.

Maverick Energy Group, LTD Announces The Completion of Drilling of Fifth well in Big Foot Field

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.

Further information can be found at http://www.maverickenergygroup.com/
or www.pinksheets.com or

Please contact:
Investor relations
lopez@maverickenergygroup.com
1-918-280-7781

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.