Tulsa-based Pinnacle Group Unlimited announced today that effective immediately the company would be known as Maverick Energy Group Ltd. The company’s new ticker symbol will also change to MKGP.
In a release, the company said the change was made to better reflect its core business model.
All previous news can be found under PGPU.PK in most news services or can be found at the new company web site, www.maverickenergygroup.com.
Maverick Energy Group Ltd is the Operator of the “Big Foot Field” in Texas originally developed by Royal Dutch Shell and recently valued at approximately $19 million. It has approximately 300 production wells in the field of which approximately 240 are presently revenue producing. Maverick is also the part owner of several producing natural gas wells and owns additional natural gas leases in West Virginia.