MKGP

Drill Bits Newsletter, Spring 2010

2010-04-14T12:20:00.006-06:00

Drill Bits Newsletter, Summer 2009

2009-07-03T15:34:00.004-06:00

CEO Talks About the Future of MKGP on American Scene Radio

2008-11-10T17:40:00.008-06:00

Jim McCabe, CEO and Chairman of the Board for Maverick Energy Group, Ltd, talked with Steve Crowley on American Scene Radio Friday, November 7th from the Money Show in Washington DC. McCabe discussed MKGP's West Virginia drilling plans and programs.

Listen to the interview at American Scene Radio's archive for the November 7th 9AM show by sliding the podcast control bar to the interview at 9:30 AM.

Maverick Energy Group Announces Second Quarter 2008 Net Profit Increase of 97% Over Same Quarter 2007

2008-08-20T12:09:00.000-06:00

Tulsa, OK — Maverick Energy Group Announces First Quarter 2008 Net Profit Increase of 97% Over Same Quarter 2007

Six-Month Profits Nearly Triples

TULSA, OK - August 20, 2008 - Maverick Energy Group, LTD (Other OTC: MKGP) is pleased to announce operating results for second quarter of fiscal year 2008, ending March 31st.

Maverick's revenues for the three-month period increased significantly, going from $4,553,543 in the second quarter of 2007 to $5,928,734 for the second quarter of 2008 over the same three-month period of 2007, representing an increase of approximately 30 percent in revenues in the second quarter year over year. Maverick also reports that for the second quarter of 2008, the company's net income was $145,529 as compared to $73,669 in the same quarter last year. This represents a same quarter increase of approximately 97 percent over the company's same quarter in 2007.

Maverick's revenues for the six months ended June 30, 2008 were $12,410,842, up approximately 57 percent from $7,874,159 for the first six months of 2007. Net income for the six months was also up approximately 190 percent, going from $87,100 during the first six months of last year to $256,290 for the first two quarters of 2008.

"Once again, the management of Maverick Energy Group is pleased to announce increasing revenues and net profits for both the most recent three and six-month periods. We believe that through continued concentration on low-risk, high-reward drilling programs and efficient operating procedures, we can continue to grow Maverick and further build upon the strong foundation we already have in place. Our outlook for the coming year looks very promising as we expand our lease holdings and increase our well count in areas such as Doddridge and Harrison counties, West Virginia. As mentioned in the latest edition of our Drill Bits newsletter, available on our website, we have identified over 30 drilling sites on our newest leases and plan on commencing drilling on the first five of those sites in the near future. These new drilling programs, which we will operate ourselves, coupled with ongoing oil and gas from our existing wells and revenues from our operations in the Big Foot Field in Texas should ensure solid growth for the company for the foreseeable future," says Jim McCabe, CEO of Maverick Energy Group, LTD.

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.

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:

Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Maverick Energy Group Discusses New Drilling Plans in Latest Edition of Drill Bits Newsletter

2008-08-18T12:23:00.001-06:00

Maverick Acquires New Leases in West Virginia and Plans New Wells

TULSA, OK - August 18, 2008 - Maverick Energy Group, LTD (Other OTC: MKGP) is pleased to announce that the latest issue of its Drill Bits newsletter is now available on the company's website at:
http://www.maverickenergygroup.com/mkgp.html.

In this latest edition of Drill Bits, Maverick Energy Group announces that it has reserved a rig to commence drilling five locations on five of its new leases in Doddridge and Harrison Counties, West Virginia, as part of the Company's 2008 Drilling Program. The newly acquired leases are expected to provide at least thirty (30) promising new potential drill sites. Geologists are estimating production from the planned wells to be in the range of 60 to 100 mcfd of natural gas. The latest newsletter also provides an update on Maverick's existing drilling programs in West Virginia.

"Since Maverick has taken over as the operator of its most recent West Virginia drilling program, results in that program have improved significantly. We are very pleased with the operations and results and anticipate good results from our future drilling programs in the region as well. The team of geologists, engineers, lease acquisition specialists and drilling operators we've assembled is doing a brilliant job of putting Maverick exactly where it needs to be to continue our rapid pace of increased production, which in turn is allowing us to post better and better financials every quarter. These new leases and the wells we expect to drill on them should go a long way toward keeping us on the same upward track we've had over the last couple of years. I would expect that these types of continued success should give a solid indication to both our long-term shareholders and Wall Street of the significant potential for Maverick's continued growth," says Jim McCabe, CEO of Maverick Energy Group, LTD.

Maverick Energy Group produces its Drill Bits newsletter on a monthly basis and distributes it to its shareholders and other interested parties who have signed up for news on its website. All that the company requires for you to receive regular electronic copies of Drill Bits is to enter your e-mail address in the online form at: www.maverickenergygroup.com.

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.

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:

Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Drill Bits Newsletter, Summer 2008

2008-08-11T17:51:00.003-06:00

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Maverick Energy Group Announces First Quarter 2008 Net Profit Increase of 750% Over Same Quarter 2007

2008-05-15T12:42:00.002-06:00

Tulsa, OK — 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

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.

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:

Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Maverick Energy Group Announces Latest Edition of Drill Bits Newsletter

2008-04-28T14:52:00.001-06:00

TULSA, OK -- (MARKET WIRE) -- 04/28/08

Maverick Energy Group, LTD (PINKSHEETS: MKGP) is pleased to announce that the latest issue of its Drill Bits newsletter is now available on the company's website at: http://www.maverickenergygroup.com/mkgp.html.

In this month's edition of Drill Bits, Maverick Energy Group announces that it is beginning a program to boost natural gas production from four of its existing wells in West Virginia. With the planned improvements, production from these four wells alone is predicted to increase to approximately 200 mcfd. The company also announces that it has secured several new lease assignments in Doddridge County, West Virginia, with drilling locations identified by Maverick's new geologist, who has been successfully drilling in West Virginia for over thirty years. Maverick also updates its drilling operations in the Big Foot Field in Texas, where it is both a partner and serves as drilling operator, noting that the company is drilling three to four wells per week on average.

"The first few months of the year have already been very busy for everyone here at Maverick. We have worked hard to secure several promising leases in West Virginia and plan new wells on those leases. At the same time, we are continually boosting our oil & gas production both in West Virginia and in the Big Foot Field in Texas. The outlook for Maverick in 2008 is very bright already," says Jim McCabe, CEO of Maverick Energy Group, LTD.

Maverick Energy Group produces its Drill Bits newsletter on a monthly basis and distributes it to its shareholders and other interested parties who have signed up for news on its website. All that the company requires for you to receive regular electronic copies of Drill Bits is to enter your e-mail address in the online form at: www.maverickenergygroup.com.

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.

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:

Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Drill Bits Newsletter, March 2008

2008-04-25T13:42:00.001-06:00

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Drill Bits Newsletter, February 2008

2008-04-01T12:48:00.001-06:00

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Drill Bits Newsletter, January 2008

2008-03-31T16:14:00.002-06:00

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Maverick Energy Group Announces a Profit of $252,481 for Fourth Quarter and of $547,998 in Annual Profits for Fiscal 2007

2008-03-14T12:22:00.000-06:00

TULSA, OK -- (MARKET WIRE) -- 03/14/08

Maverick Energy Group, LTD (PINKSHEETS: MKGP) is pleased to announce operating results for both the fourth quarter and twelve-month fiscal year 2007, ending December 31st.

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.

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.

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:

Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Drill Bits Newsletter, December 2007

2008-01-15T16:45:00.000-06:00

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Drill Bits Newsletter, November 2007

2007-12-04T21:43:00.001-06:00

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Maverick Energy Group Announces Soaring Revenues and a Profit of $208,417 for Third Quarter of Fiscal 2007

2007-11-29T10:36:00.000-06:00

TULSA, OK -- (MARKET WIRE) -- 11/29/07

Maverick Energy Group, LTD (PINKSHEETS: MKGP) 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.

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:
Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Maverick Energy Group Announces Funding Increase to $75 Million

2007-11-14T12:29:00.000-06:00

TULSA, OK -- (MARKET WIRE) -- 11/14/07

Maverick Energy Group, LTD (PINKSHEETS: MKGP) (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.

"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.

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.

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:
Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Drill Bits Newsletter, October 2007

2007-11-11T21:36:00.000-06:00

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Drill Bits Newsletter, September 2007

2007-10-15T14:43:00.001-06:00

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CORRECTION: Maverick Energy Group Completed Gas Pipeline in Big Foot Field and Commencement of Natural Gas Sales (Press Release)

2007-05-17T12:07:00.000-06:00

Tulsa, OK, May 17, 2007 (Pink Sheets News Service) — Maverick Energy Group Completed Gas Pipeline in Big Foot Field and Commencement of Natural Gas Sales

TULSA, OK - May 17, 2007 - Maverick Energy Group, LTD (Other OTC: MKGP) a member of Z2, LLC (Z2) is pleased to announce that work on a portion of the refurbished natural gas pipeline system has been completed in the Big Foot Field in Frio County, Texas, where Maverick serves as the operator and is a member of Z2. The pipeline is capable of carrying approximately 500 MCF of gas per day. Maverick also recently started selling natural gas produced in the Big Foot Field.

"We are pleased that construction has been completed on the new natural gas delivery pipeline in the Big Foot Field which enables the Z2 members to conveniently transport the natural gas we are producing directly to the first purchaser. We are already pushing 150 to 200 mcf of gas per day through the new system. That number should steadily climb over the next 90 days or so until we reach full capacity of 500 mcf of gas being sold per day. Coupled with the previously announced increases in producing wells and the expected schedule of as many as 36 new wells operating in Big Foot within a year and their resulting oil and gas, the outlook is extremely bright for Maverick and the other Z2 members," says Jim McCabe, CEO of Maverick Energy Group, LTD.

Maverick announced earlier this month that that oil production in the Big Foot Field had increased from approximately 7,500 barrels of oil per month in August 2006 to in excess of 10,000 barrels of oil per month in March 2007 and it has set a goal of drilling three new puds (wells) per month in the Big Foot Field for the foreseeable future. This increase in production should translate into an additional $1,000,000 to $1,250,000 in revenue per month for Maverick and the Z2 members.

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.

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 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. For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com.

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:
Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Maverick Energy Group Completed Gas Pipeline in Big Foot Field and Commencement of Natural Gas Sales (Press Release)

2007-05-16T10:25:00.000-06:00

Tulsa, OK, May 16, 2007 (Pink Sheets News Service) — Maverick Energy Group Completed Gas Pipeline in Big Foot Field and Commencement of Natural Gas Sales

TULSA, OK - May 17, 2007 - Maverick Energy Group, LTD (Other OTC: MKGP) a member of Z2, LLC (Z2) is pleased to announce that work on a portion of the refurbished natural gas pipeline system has been completed in the Big Foot Field in Frio County, Texas, where Maverick serves as the operator and is a member of Z2. The pipeline is capable of carrying approximately 500 MCF of gas per day. Maverick also recently started selling natural gas produced in the Big Foot Field.

"We are pleased that construction has been completed on the new natural gas delivery pipeline in the Big Foot Field which enables the Z2 members to conveniently transport the natural gas we are producing directly to the first purchaser. We are already pushing 150 to 200 mcf of gas per day through the new system. That number should steadily climb over the next 90 days or so until we reach full capacity of 500 mcf of gas being sold per day. Coupled with the previously announced increases in producing wells and the expected schedule of as many as 36 new wells operating in Big Foot within a year and their resulting oil and gas, the outlook is extremely bright for Maverick and the other Z2 members," says Jim McCabe, CEO of Maverick Energy Group, LTD.

Maverick announced earlier this month that that oil production in the Big Foot Field had increased from approximately 7,500 barrels of oil per month in August 2006 to in excess of 10,000 barrels of oil per month in March 2007 and it has set a goal of drilling three new puds (wells) per month in the Big Foot Field for the foreseeable future. This increase in production should translate into an additional $1,000,000 to $1,250,000 in revenue per month for Maverick and the Z2 members.

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.

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 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. For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com.

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:
Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Maverick Energy Group Updates Drilling Forecast and Production Numbers for Big Foot Field (Press Release)

2007-05-04T14:24:00.000-06:00

Tulsa, OK, May 4, 2007 (Pink Sheets News Service) — Maverick Energy Group Updates Drilling Forecast and Production Numbers for Big Foot Field

TULSA, OK - May 4, 2007 - Maverick Energy Group, LTD (Other OTC: MKGP) a member of Z2, LLC (Z2) is pleased to announce that production has steadily increased in the Big Foot Field in Frio County, Texas, where Maverick serves as the operator and is a member of Z2. Oil production in the Big Foot Field has increased from approximately 7,500 barrels of oil per month in August 2006 to in excess of 10,000 barrels of oil per month in March 2007.

Drilling operations in the Big Foot Field have also increased and are expected to continue increasing for the foreseeable future. Maverick's goal is to start drilling three (3) new puds (wells) in May and then keep up this pace by drilling three new wells per month in the Big Foot Field from here out.

"Each new well we bring online produces 18-25 barrels of oil per day on average as well as varying amounts of natural gas. Since we are usually able to get each new pud drilled and online (producing) within a one month timeframe, we could see as many as 36 new wells operating within a year. That could increase our overall production by as much as 18,000 to 20,000 barrels of oil per month. At current prices, that should translate into an additional $1,000,000 to $1,250,000 in revenue per month for Maverick and its Z2 partners. Revenue from a predicted 10-15 million additional cubic feet of natural gas per month could really make for a significant jump in revenues in the coming year," says Jim McCabe, CEO of Maverick Energy Group, LTD.

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

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 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. For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com.

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:

Tony Drake

Phoenix IR Associates

281-579-1602

phoenix-ir@earthlink.net

Maverick Energy Group Announces Initial Production Figures for 4th and 5th New Big Foot Wells and Latest Workover Well (Press Release)

2007-04-30T12:10:00.000-06:00

Tulsa, OK, Apr 30, 2007 (Pink Sheets News Service) — Maverick Energy Group Announces Initial Production Figures for 4th and 5th New Big Foot Wells and Latest Workover Well

TULSA, OK - April 30, 2007 - Maverick Energy Group, LTD (Other OTC: MKGP) a member of Z2, LLC (Z2) is pleased to announce that production has begun on the fourth and fifth Big Foot wells, 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. Each of these two wells is showing initial daily production in the range of 20 Barrels of Equivalent Oil (combined oil and gas production).

In addition, a well was re-entered nearby which has been completed in the "D" Zone and fraced at approximately 3,600-3,700 feet in depth. This well is also showing an initial average production rate of approximately 100 Barrels of Equivalent Oil per day.

"The results of the first five new wells Maverick has drilled in the Big Foot Field as part of the Z2 drilling program have exceeded our initial expectations. The three abovementioned wells alone should generate approximately $1,800,000 annually for Maverick and its partners in Z2. These production numbers are very significant and indicate that the data is correct in predicting large reserves still lying beneath the Z2 lease. This is extremely encouraging for the Z2 partners as well as for our financing partner, Gasrock Capital. When combined with the successes we are showing in our other drilling programs, this should be very good news for Maverick's shareholders. We look forward to continuing to expand production within the Big Foot Field while also evaluating other independent drilling opportunities as they arise," says Jim McCabe, CEO of Maverick Energy Group, LTD.

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 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. For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com.

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:
Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Maverick Energy Group, LTD Retains Phoenix IR Associates for Shareholder Relations Program (Press Release)

2007-04-10T11:21:00.000-06:00

San Antonio, TX, Apr 10, 2007 (Pink Sheets News Service) — SAN ANTONIO, TX - April 5, 2007 - Maverick Energy Group, LTD (Other OTC: MKGP) a member of Z2, LLC (Z2) is pleased to announce the retention of Houston, Texas-based Phoenix IR Associates, Inc. to design and execute a fully-integrated, interactive shareholder relations program for the company. Phoenix was chosen primarily because of the extensive experience its staff has working with emerging companies in the oil and gas industry.

The goal of the program will be to increase the flow of news and information from Maverick Energy to its shareholders and the general public as well as to make it easier for interested parties to speak with an authorized Maverick representative immediately when they have questions concerning the company and its operations.

"Maverick Energy holds its shareholders in the highest esteem and understands the importance of keeping them informed of developments within the company. Phoenix IR Associates has proven that it truly understands our industry as well as what matters most to the shareholders of rapidly growing companies like ours. This is why we have chosen Phoenix IR Associates to coordinate our shareholder relations program. This move will provide Maverick Energy's shareholders with a dedicated representative that is always available to personally provide the most up-to-date company information while also allowing our management team to concentrate on growing our company and building long-term shareholder equity," says Jim McCabe, CEO of Maverick Energy Group, LTD.

About Maverick Energy Group, LTD

Maverick Energy Group LTD, based in San Antonio, TX, 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 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. For more information on Maverick Energy, please visit the company's website at: www.maverickenergygroup.com or www.pinksheets.com.

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:
Tony Drake
Phoenix IR Associates
281-579-1602
phoenix-ir@earthlink.net

Maverick Energy Group, LTD Announces the Initial Production From the Drilling of the Third Well in the Big Foot Field

2007-03-19T13:42:00.000-06:00

SAN ANTONIO, TX -- (MARKET WIRE) -- 03/19/07

Maverick Energy Group, LTD (PINKSHEETS: MKGP) (Maverick) a member of Z2, LLC (Z2) is pleased to announce the initial production results on the third well drilled 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 third well's initial production is averaging 25 Barrels of Equivalent Oil (combined oil and gas production). This is 25% greater than the anticipated production of 20 BOE per day.

In addition, the fourth and fifth wells have been successfully drilled and fractured and have been placed on pump. It is anticipated that initial flow results will be available in the second half of March.

"Maverick is very pleased with the initial production on the three wells and looks forward to continued success on the next wells which have been placed on pump," stated Jim McCabe the CEO of Maverick. "Maverick looks forward to the completion of the second phase of the plan to develop the Big Foot Field with the $40,000,000 Advancing Credit Facility with Gasrock Capital, LLC."

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.

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

Maverick Energy Group, LTD Announces Preliminary 4th Quarter Financial Information

2007-03-07T22:31:00.000-06:00

SAN ANTONIO, TX -- (MARKET WIRE) -- 03/07/07

Maverick Energy Group, LTD (PINKSHEETS: MKGP) (Maverick) is pleased to announce the preliminary results of its fourth quarter earnings. The gross revenue for the fourth quarter ending December 31, 2006 was approximately $2,865,000 with a gross profit of approximately $385,000. The net income for the same period is approximately $230,000. The gross profit is an 89% increase from the third quarter and the net income is a 14% increase over the third quarter net income. Maverick will issue the final fourth quarter financial statements before the end of March.

"Maverick's gross revenue for the first nine months in operation has exceeded its annualized projection of $3,000,000 by 66% and its annualized net income projection of $400,000 by 47%," stated Jim McCabe, CEO of Maverick. "Management is very excited about the opportunities for Maverick in 2007 and beyond."

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.

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