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Maverick Energy Group Discusses New Drilling Plans in Latest Edition of Drill Bits Newsletter
Maverick Energy Group Discusses New Drilling Plans in Latest Edition of Drill Bits Newsletter.
About this update from Maverick Energy Group, Ltd.
[{"type":"text","content":"Maverick Energy Group Discusses New Drilling Plans in Latest Edition of Drill Bits Newsletter\n\nMaverick Acquires New Leases in West Virginia and Plans New Wells\n\n\nTULSA, 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:\nhttp://www.maverickenergygroup.com/mkgp.html. \n\nIn 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.\n\n\"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.\n\nMaverick 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.maverickenergygr...