SOURCE: Maverick Energy Group, LTD

April 30, 2007 12:21 ET

Maverick Energy Group Announces Initial Production Figures for 4th and 5th New Big Foot Wells and Latest Workover Well

TULSA, OK -- (MARKET WIRE) -- April 30, 2007 -- Maverick Energy Group, LTD (PINKSHEETS: MKGP), a member of Z2, LLC (Z2), is pleased to announce that production has begun on the fourth and fifth Big Foot wells, which are part of the operations planned by Maverick, as a member of Z2, with funding from the $40,000,000 Advancing Credit Facility which Z2 closed with Gasrock Capital, LLC in August of 2006. Each of these two wells is showing initial daily production in the range of 20 Barrels of Equivalent Oil (combined oil and gas production).

In addition, a well was re-entered nearby which has been completed in the "D" Zone and fraced at approximately 3,600-3,700 feet in depth. This well is also showing an initial average production rate of approximately 100 Barrels of Equivalent Oil per day.

"The results of the first five new wells Maverick has drilled in the Big Foot Field as part of the Z2 drilling program have exceeded our initial expectations. The three abovementioned wells alone should generate approximately $1,800,000 annually for Maverick and its partners in Z2. These production numbers are very significant and indicate that the data is correct in predicting large reserves still lying beneath the Z2 lease. This is extremely encouraging for the Z2 partners as well as for our financing partner, Gasrock Capital. When combined with the successes we are showing in our other drilling programs, this should be very good news for Maverick's shareholders. We look forward to continuing to expand production within the Big Foot Field while also evaluating other independent drilling opportunities as they arise," says Jim McCabe, CEO of Maverick Energy Group, LTD.

About Maverick Energy Group, LTD

Maverick Energy Group, LTD, based in Tulsa, OK, is engaged in the domestic exploration and production of crude oil and natural gas. Its management team has over 150 combined years of experience in the oil & gas and financial services industries. Maverick Energy is the Operator of the "Big Foot Field" in Texas, which was originally developed by Royal Dutch Shell (RDS-A). The Big Foot Field has approximately 300 production wells in the field of which approximately 240 are presently revenue producing. Maverick is also the part owner of several producing natural gas wells and owns additional natural gas leases in West Virginia. The President of Maverick also serves as Chief Financial Officer of Z2, LLC. For more information on Maverick Energy, please visit the company's website at: 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 Information