Pinnacle Group/Maverick Energy (PGPU.PK) is pleased to release a second excerpt from the exclusive interview by Wall Street Reporter with Maverick CEO
James McCabe. The entire interview can be heard at www.wallstreetreporter.com or you can link to it from the website of PGPU at www.pinnaclegli.com, either method will provide a free registration sign up. The following is some of the highlights gathered from Mr. McCabe's interview.
"In approximately 2 weeks the company will begin drilling 1 of two scheduled horizontal wells which will demonstrate the company's Exclusive Proprietary Drilling Technology," stated Mr. McCabe in the interview with Wall Street Reporter.
"With the improvements we have made to our already successful horizontal drilling technology, I have little doubt this will improve efficiency as well as production itself," said McCabe.
"Maverick will be the centerpiece of Pinnacle group, and we anticipate a name change in the not too distant future," added McCabe.
McCabe said that what makes PGPU/Maverick unique is "our aggressive approach in a capital intensive industry with administrative people that know how to obtain and use the necessary capital to stay ahead of the competition. PGPU/Maverick's proprietary drilling technology, operations and financial expertise, combined with hundreds of years of industry experience make Maverick's upward potential second to none."
"I believe as a company we have the right chemistry of people in all areas of expertise to not only be at the forefront of the industry but to remain there for some time to come," McCabe said.
When asked "why invest in PGPU/Maverick?" McCabe's answer was simple: Value. "I think our company is very much a value play. With the energy sector being a good long term investment and our ability to grow at a rapid pace we have the potential for our growth to explode, with our access to leases and properties which translates into higher earnings...whether it is in this public arena as we are today or any broader public arena in the future."
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.
Contact:
For further information, please contact:
Ronald Kopman
President of Pinnacle
(416)371-1357