SOURCE: Maverick Energy Group LTD

August 18, 2008 10:28 ET

Maverick Energy Group Discusses New Drilling Plans in Latest Edition of Drill Bits Newsletter

Maverick Acquires New Leases in West Virginia and Plans New Wells

TULSA, OK--(Marketwire - August 18, 2008) - Maverick Energy Group, LTD (PINKSHEETS: MKGP) is pleased to announce that the latest issue of its Drill Bits newsletter is now available on the company's website at:

In this latest edition of Drill Bits, Maverick Energy Group announces that it has reserved a rig to commence drilling five locations on five of its new leases in Doddridge and Harrison Counties, West Virginia, as part of the Company's 2008 Drilling Program. The newly acquired leases are expected to provide at least thirty (30) promising new potential drill sites. Geologists are estimating production from the planned wells to be in the range of 60 to 100 mcfd of natural gas. The latest newsletter also provides an update on Maverick's existing drilling programs in West Virginia.

"Since Maverick has taken over as the operator of its most recent West Virginia drilling program, results in that program have improved significantly. We are very pleased with the operations and results and anticipate good results from our future drilling programs in the region as well. The team of geologists, engineers, lease acquisition specialists and drilling operators we've assembled is doing a brilliant job of putting Maverick exactly where it needs to be to continue our rapid pace of increased production, which in turn is allowing us to post better and better financials every quarter. These new leases and the wells we expect to drill on them should go a long way toward keeping us on the same upward track we've had over the last couple of years. I would expect that these types of continued success should give a solid indication to both our long-term shareholders and Wall Street of the significant potential for Maverick's continued growth," says Jim McCabe, CEO of Maverick Energy Group, LTD.

Maverick Energy Group produces its Drill Bits newsletter on a monthly basis and distributes it to its shareholders and other interested parties who have signed up for news on its website. All that the company requires for you to receive regular electronic copies of Drill Bits is to enter your e-mail address in the online form at:

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 310 production wells in the field, of which approximately 225 are presently revenue producing. Drilling operations in the Big Foot Field are being funded through a $40,000,000 Advancing Credit Facility which Z2, LLC closed with Gasrock Capital, LLC in August of 2006, amended to $75,000,000 in November of 2007. Maverick is also the part owner of several producing natural gas wells in West Virginia 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: or

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.

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