SOURCE: Pinnacle Group Unlimited Inc.

April 12, 2006 10:35 ET

Pinnacle/Maverick Energy Announce Wells Producing Above Expectations

LAS VEGAS, NV -- (MARKET WIRE) -- April 12, 2006 -- Pinnacle Group (OTC: PGPU) is pleased to announce it will be issuing highlights from the recent interview of Maverick Energy Group CEO James McCabe in his exclusive interview with Wall Street Reporter over the next few days. The entire interview can be heard at www.wallstreetreporter.com, or from the link on the website of PGPU at www.pinnaclegli.com. Either method will provide a free registration sign up. The following are some of the highlights gathered from Mr. McCabe's interview.

--  The four natural gas wells mentioned in a previous news release are
    producing above expectations and 10 more wells are due to be completed by
    the end of this quarter.
    
--  The company presently has 5000 acres under lease for natural gas
    production in W. Virginia with a target of 50,000 acres by the end of the
    year.  That target is well within reach stated Mr. McCabe.  The company
    continues to expand throughout the Appalachian Basin as well as moving into
    Pennsylvania.
    
--  The company crown jewel is its operational contract and participation
    in the Big Foot Field in West Texas.  There are 300 producing wells and 300
    projection wells.
    
Further information can be found at http://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

  • Contact:
    For further information, please contact:
    Ronald Kopman
    President of Pinnacle
    (416)371-1357