Rhea-AI Summary
Maverick Energy Group (OTC PINK:MKGP) has secured a six-month option to purchase the Big Foot Field, a 6,800-acre site in Texas, from DESMDX. This field has historically produced 30 million barrels of oil from over 200 million barrels in place and currently yields about 100 barrels of oil per day. During the option period, Maverick will conduct engineering and geological evaluations. CEO James McCabe emphasized the opportunity this project presents for the company, leveraging their experience in drilling.
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FAQ
What is the current stock price of MAVERICK ENERGY GRP (MKGP)?
MAVERICK ENERGY GRP (MKGP) last closed at $0.0147.
What is the market cap of MAVERICK ENERGY GRP (MKGP)?
The market cap of MAVERICK ENERGY GRP (MKGP) is approximately $2.3M.