MAVERICK IPO FULLY SUBSCRIBED
RAISES $A10 MILLION
The Directors advise that the Offer of shares under the Prospectus dated 2 July 2010
to raise $A5 million with the right to raise a further $A5 million at $A.20 cents a
share is now closed oversubscribed
with
applications in excess of $A10 million
having been received. The Directors will now proceed to finalising the allotment of
50 million shares and application for Maverick Drilling & Exploration Limited
(ASX: MAD) to be listed on ASX.
Further inquiries contact information:
Peter Love, V.P Operations
Houston Operations Office
+1-281-416-8575
peter@maverickdrilling.com
RBS Morgans
Rob Douglas
+61-7-3334-4952
rob.douglas@rbsmorgans.com
MEDIA RELEASE
20 August 2010
About Maverick Drilling & Exploration Limited (ASX: MAD)
Maverick is a diversified oil company with existing
oil production and reserves
focusing on low cost development of low risk drilling prospects. Maverick’s flagship
assets are leases that it holds over parts of
the Blue Ridge Dome, an established
producing oil field located
south of Houston, Texas in the United States
and its
wholly owned subsidiary Maverick Drilling Company, a 37 year old contract drilling
company based in Texas.
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