MAVERICK ENERGY GRP LTD - MKGP STOCK NEWS

Maverick Energy Group (OTCMKTS: MKGP) has completed the first stage of work on the Bonnie Davis #1 well at its 167-acre Davis Lease in Jones County, Texas. The well is now producing from the Flippin Limestone formation at depths of 1,990-1,996 feet. Jason Lacewell, the Petroleum Engineer, will monitor its performance to assess stable production levels. Maverick aims to start work on a second well by the end of Q3 2021, showcasing their commitment to expanding operations in the oil and gas sector.

Maverick Energy Group (OTC PINK:MKGP) has signed a binding LOI with USR to develop oil wells using their Ultra Short Radius Horizontal Drilling Technology. The project targets the San Andres and Grayburg reservoirs in the Dune Field, which contains an estimated 590 million barrels of original oil in place. Currently, approximately 413 million barrels remain unrecovered. Maverick aims to unlock stranded oil through re-entry into existing wellbores. The company emphasizes strong partnerships and a scalable business model for future developments.

Maverick Energy Group, Ltd. (OTCMKTS:MKGP) is set to commence operations on the Davis Lease Bonnie Davis #1 well in Jones County, Texas. Following the recent acquisition of this well, engineer Jason Lacewell confirmed the first completion will target the productive Flippen Lime zone, with two additional zones, the Saddle Creek Lime and Breckenridge Lime, also identified as potentially productive. The workover rig is expected to start operations within one to two weeks, with updates to shareholders on progress.

Maverick Energy Group, Ltd. (OTC PINK:MKGP) has completed an all-cash acquisition of the 167-acre Davis Lease in Jones County, Texas, which includes the Bonnie Davis #1 well. This well has been drilled to a depth of 3,150 feet and has three identified potentially productive zones. Maverick plans to start operations in the coming days, anticipating significant revenue growth in the third quarter. The acquisition aligns with Maverick's strategy of enhancing its oil and gas asset portfolio using advanced drilling technologies.

Maverick Energy Group, Ltd. (OTC PINK:MKGP) announced the hiring of Jacob Lacewell as Consulting Petroleum Engineer. Lacewell, owner of Trenergy Development, LLC, brings 23 years of experience in petroleum production and drilling operations. His expertise includes significant projects in key Texas oil fields and the Gulf of Mexico. Lacewell aims to lead Maverick's upcoming drilling ventures. Maverick Energy focuses on crude oil and natural gas acquisition and production across North America, utilizing proprietary technologies to enhance production rates.

Maverick Energy Group (OTC PINK:MKGP) announced a successful raise of $400,000 through convertible debt financing. The financing includes options for lenders to convert principal and interest into company stock at $0.20/share, along with 4 million warrants at $0.35/share. These funds will facilitate acquisition and production in select oil and gas projects, allowing cash flow to begin almost immediately. The company is also expecting an additional $8 million of funding following the approval of its $20 million Regulation A+ application.

Maverick Energy Group (OTC PINK:MKGP) announced the hiring of George Sharp as a corporate advisor. Sharp, known for his work in the OTC Markets, will assess Maverick’s business strategy, financing, and regulatory compliance. Maverick's CEO, James McCabe, expressed confidence in Sharp's proven track record, especially regarding shareholder advocacy. Sharp believes Maverick can enhance drilling production through a recent USR Resources License Agreement that grants access to advanced horizontal drilling technology. The engagement will last six months.

Maverick Energy Group, Ltd. (OTC PINK:MKGP) has entered into a significant agreement to acquire the first US license from USR Resources LLC. This license allows Maverick to utilize USRR's proprietary drilling systems designed for Ultra Short Radius (USR) wells, providing advantages such as lower drilling costs and longer production life. USRR will assist in training and supervising Maverick in implementing this technology. The partnership aims to enhance production from existing oil and gas fields at reduced risks and costs.

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.