Maverick Energy Group, Ltd. Announces Work Commenced on Bonnie Davis #1 - Seite 2

Two days later, Royal Texan tested the Hope Lime at 2102-2108. The Hope lime produced a few barrels of oil, and operations were suspended. It is possible the Breckinridge Lime at 2208-2215 but no record exists.

In August 4-6, 2021, Trenergy became operator (with Maverick Energy Group 50% partner) and tested the Breckinridge and Hope Limes for 3 days. Prior to testing these zones a plug or bridge plug was tagged at 2883', although Royal Texan reported setting a CIBP at 2400' following the initial test of the Penn Lime.

1. The Breckinridge Lime was tested without stimulation at 2208-15 and swabbed slight oil and hydrocarbon gas. It is recommended this zone be retested, with perforations extended from 2200-05, 2207-11 and 2218-22, followed by acid stimulation recommended by Trenergy.
2. The Hope Lime was tested 2102-2108 and stimulated with 1250-1500 gal. gelled acid at 225-250 gal. per foot. A small amount of oil and gas was recovered during swab runs. It is recommended that the Hope Lime be reperforated 2100-04, 2107-10 and 2118-22 and acid stimulated as recommended by Trenergy.

Bonnie Davis #1, 42-253-35492

Foto: Accesswire

Foto: Accesswire

Foto: Accesswire

Bonnie Davis #1, 42-253-35492

Foto: Accesswire

Foto: Accesswire

Foto: Accesswire

About Maverick Energy Group, Ltd. (MKGP)

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 believes that its license to patented and proprietary horizontal production enhancement technologies facilitate 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.

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.
[e-mail]

SOURCE: Maverick Energy Group, Ltd.

View the original press release on accesswire.com


The Maverick Energy Group Stock at the time of publication of the news with a raise of +7,73 % to 0,024USD on Nasdaq OTC stock exchange (06. Dezember 2023, 19:47 Uhr).