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Maverick Drilling and Exploration Expands to Fourth Oil Field

12 Nov 2012  |  16:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Maverick expands to fourth oil field

Maverick Drilling and Exploration announced that it has acquired oil and gas leases covering 211 gross and net acres in and flanking the Gillock Field in Galveston County, 20 miles south of Houston, Texas. The Company is making plans to begin drilling on the Gillock leases in the first quarter 2013. The Company has acquires 100% of the working interest in the leased. There have been no initial reserve estimates attributed to the Gillock acquisition. This will be evaluated in 2013 following a pilot drilling program in the field.

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