Maverick Energy Group, Ltd. (OTCPK:MKGP), Gravitas Resources Corporation and Pegasi Energy Resources Corporation executed a letter of intent to acquire Working Interest in Certain Oil and Gas Assets in Marion and Cass Counties, Texas on July 20, 2022. Upon completion Maverick will pay the following, (1) a corporate promissory note in the amount of $1 million; (2) a five percent interest in the net monthly operating revenues generated from the acquired assets; and (3) 1,000,000 shares of fully paid, restricted 144 and non-assessable Maverick common stock. When closed, this acquisition will provide a steady cash flow with an attractive upside from completing drilled un-completed (DUC) wells, re-working existing wells, targeting behind pipe reserves and targeting stranded reserves by sidetracking vertical wells with horizontal drain holes using the USR technology.