Mike Garland, CEO of Maverick, said "We are very pleased to announce that the Denman #1 well went on production by the end of January, as previously expected, and is now producing the very first sales of natural gas and oil for the company. We further expect that the Denman #2 well will be spudding shortly."
Maverick has previously reported that if the initial exploration wells are successful it intends to drill up to 80 wells on the Maverick property, in which it has a 37.5% net working interest, and which is located in the Maverick Basin of South West Texas.
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