ST AUGUSTINE, FL / ACCESSWIRE / August 16, 2021 / James McCabe, President and CEO of Maverick Energy Group, Ltd. (OTCMKTS:MKGP) ("Maverick") announced today that Maverick has finalized the first stage of completion work on the Bonnie Davis #1 on Maverick's 167-acre Davis Lease in Jones County, Texas. Maverick's Petroleum Engineer, Jason Lacewell, has been working on one of several identified potentially commercially productive zones in the Bonnie Davis #1 Well down to a depth of 3,150 feet.
The Bonnie Davis #1 is now producing from the Flippin Limestone formation at a depth of 1,990-1,996 feet. Mr. Lacewell will continue to monitor the well's initial performance to determine what productive levels can be maintained. Maverick will announce the well's performance as soon as productive levels stabilize.
With the leadership of Maverick's engineer, Jason Lacewell, Maverick expects to begin work on the second well in our inventory of quality oil and gas prospects before the end of the third quarter of 2021.
This is an exciting time for Maverick and all those who have been Maverick supporters: Shareholders, Legal and Accounting Professionals, Geological and Geophysical Team members, and USR Resources. Special thanks to Maverick's Petroleum Engineer, Jason Lacewell, for bringing it all together.
MAVERICK ENERGY GROUP LTD. BONNIE DAVIS #1 JONES COUNTY, TEXAS
About Maverick Energy Group
Maverick Energy Group LTD is a crude oil and natural gas acquisition, production, exploration, and horizontal drilling development company focusing on select areas of North America. Maverick's access to patented and proprietary horizontal production enhancement technologies facilitates the rapid accumulation of valuable oil and gas assets, while at the same time greatly improving the rate of production and lifetime potential of these properties.
Company Website: www.maverickeg.com
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.
CONTACT:
Maverick Energy Group, Ltd.
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SOURCE: Maverick Energy Group, Ltd.