Maverick is undergoing a major transformation from a drilling contractor and small oil and gas producer into a development-focused, growth-oriented exploration and production company. Our mission is to build an investment grade company with a portfolio of quality assets located in top oil and gas producing basins.
Our newly assembled team of highly experienced and accomplished professionals from the energy industry is actively working to acquire producing assets and undeveloped acreage in the most prolific and economic U.S. unconventional plays. We are working with some of the leading U.S. financial institutions as potential partners and focusing on acquiring and developing low-risk assets and/or acreage that can generate positive returns even at current oil prices.
As a first step, in January 2016 we announced that we have leased acreage in the heart of a major U.S. onshore oil play and are working to increase our lease position in the area. We plan to disclose the specific basin and other details once the commercial agreements are final.
Our existing operations are focused on the efficient management of Maverick’s legacy asset, the Blue Ridge oil field located onshore near the Texas Gulf Coast.
Maverick is listed on the Australian Stock Exchange under the ticker symbol MAD and markets its securities in the U.S. through American Depositary Receipts (ADRs) under the symbol MRVKY.