Maverick Announces Option to Purchase Well Servicing Company

Rhea-AI Summary

Maverick Energy Group, Ltd. (OTC PINK:MKGP) has secured a six-month option to purchase Diamond Energy Services, LP, a well servicing company based in Moore, Texas. Established in 2005, Diamond operates eight service rigs and employs forty full-time workers. This acquisition aims to enhance Maverick's ability to service its own oil fields while continuing to provide services to other oil and gas companies. The press release also contains forward-looking statements, indicating potential risks and uncertainties.

Positive

• Secured a six-month option to purchase Diamond Energy Services, enhancing service capabilities.
• Diamond Energy Services has a solid operational history since 2005, indicating reliability.
• Provides opportunity to service Maverick's own oil fields in addition to external clients.

Negative

• None.

ST AUGUSTINE, FL / ACCESSWIRE / October 16, 2020 / Maverick Energy Group, Ltd. (OTC PINK:MKGP) is pleased to announce we have secured a six (6) month option to purchase Diamond Energy Services, LP. Diamond is a full well servicing company located in Moore, Texas and has been servicing oil and gas companies throughout Texas since 2005. Diamond operates eight service rigs and runs roustabout, cementing, and trucking crews with forty fulltime employees.

The Diamond acquisition can position Maverick to service our own oil fields while continuing to provide services to other oil and gas companies.

Maverick Energy Group, Ltd. FORWARD-LOOKING STATEMENTS

This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding the investment offerings and the terms thereof, are forward-looking statements. When used in this press release, words such as we "expect", "intend", "plan", "estimate", "anticipate", "believe", "should", or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Further details are available at https://maverick-energy.com.

CONTACT:

Maverick Energy Group, LTD
Signed: "James McCabe"
James McCabe, CEO and Director
mkgpinquiries@gmail.com
(800) 674-6341

SOURCE: Maverick Energy Group, Ltd.

View source version on accesswire.com:
https://www.accesswire.com/610846/Maverick-Announces-Option-to-Purchase-Well-Servicing-Company

FAQ

What is Maverick Energy Group's recent acquisition related to MKGP?

Maverick Energy Group secured a six-month option to purchase Diamond Energy Services, LP.

What services does Diamond Energy Services provide?

Diamond Energy Services offers well servicing operations, including roustabout, cementing, and trucking.

How many employees does Diamond Energy Services have?

Diamond Energy Services has forty full-time employees.

Since when has Diamond Energy Services been operational?

Diamond Energy Services has been servicing oil and gas companies since 2005.

What is the significance of the acquisition for MKGP shareholders?

The acquisition may enhance Maverick's ability to service its own oil fields and generate additional revenue.