Maverick Spuds First Well in Fayetteville Shale Project

Maverick Oil and Gas has spud its first well in the Fayetteville Shale acreage. The well, the Williamson Brothers #1-36H, was spud in section 36 5N 1W, in Woodruff County, Arkansas. The horizontal test is expected to be drilled to an approximate depth of 6,700 feet, with drilling and initial test evaluation expected to take approximately four weeks.

To date, Maverick has commitments to acquire in excess of 160,000 gross acres within its Fayetteville Shale Project. It has a 45% working interest in the project and will serve as the project operator.

About Maverick Oil and Gas, Inc.

We are an early stage independent energy company engaged in oil and gas exploration, exploitation, development and production. We currently participate in these activities through the interests we hold in oil and gas exploration and development projects in Arkansas, Texas and Colorado. Our strategy is to continue the development of our current exploration projects and to expand our operations by acquiring additional exploration opportunities and properties with existing production, taking advantage of the industry experience of our management team and modern techniques such as horizontal drilling and 3D seismic analysis.