Maverick Minerals Corp. announced Friday that its Texas based Drilling Contractor, Pioneer Drilling Inc., commenced drilling the Lankford Trust # 1 Oil and Gas Initial Test Well on Thursday December 09, 2010 at 18:30 CST. Maverick expects to reach total depth in approximately 35 days from commencement of drilling.
The Initial Test Well is designed to target the Wilcox Trend, a vast depositional sand zone with a history of prolific natural gas and condensate production. The company intends to reach and log the primary target in the "Middle Wilcox" at a depth of between 12,500 and 13,500 feet.
Maverick Minerals Corp. is an exploration stage company engaged in the acquisition, exploration, and development of oil and gas properties in Texas. The company has entered into a comprehensive farm-out agreement on approximately 4,513 acres of highly prospective oil and gas leases in Fort Bend and Wharton counties.
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