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MAVERICK DRILLING AND EXPLORATION LIMITED (MAD)

MAVERICK DRILLING AND EXPLORATION LIMITED (MAD)

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General Information
Company Name: Maverick Drilling and Exploration Limited
Stock Code: MAD
Website: www.maverickdrilling.com
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 294
Equiv. Shares (M): 268

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 1.100 $ 1.090 $ 1.155 $ 1.090 $ 1.065 2,701,519 $ 0.035  3.286 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 14th May 2012
12 Month Target Price (average): $1.23
Brokers Surveyed: 1

Company Overview

Business Description:
Maverick Drilling & Exploration Limited (MAD) is a diversified oil company with existing oil production and reserves. MAD's flagship assets are leases and oil reserves that it holds over parts of the Blue Ridge Dome, a producing oil field located south of Houston, Texas in the U.S. MAD also has three wholly owned subsidiaries: Maverick Drilling Company, Maverick Production Company and Maverick Rig Manufacturing, Inc.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 2.0 0.6 -- 32.7 0.0 0.0 --
2010  A 0.0 -- -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap A 2010 F 2011 F A 2010 F 2011 F A 2010 F 2011 F
Beach Energy (BPT) $1,381 M -- 0.4697 -0.6552 18.5185 12.6002 36.5449 0.0157 0.0159 0.0169
Maverick Drilling and Exploration (MAD) $285 M -0.9268 -- -- 156.6176 -- -- 0.0000 -- --
Oil Search (OSH) $9,053 M 0.6203 -0.3491 0.2151 38.8571 59.7015 49.1329 0.0058 0.0059 0.0063
Santos (STO) $11,357 M 0.1340 0.2859 -0.1115 23.4507 18.2375 20.5270 0.0252 0.0252 0.0252
Woodside Petroleum (WPL) $25,632 M 0.1409 0.1682 0.1823 15.1137 12.9372 10.9423 0.0348 0.0379 0.0487

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MAD -- 174.6 13.5 -- 34.3
Market 1.12 11.1 0.96 2.31 2.55
Sector 1.05 19.1 1.30 1.11 11.2

Directors
Name Position Start Date
Mr Don Henrich Executive Chairman 12 November 2007
Mr Brad Simmons Executive Director 12 November 2007
Mr Lee Clarke Non-Executive Director 28 October 2009
Mr Roger Brian Clarke Non-Executive Director 01 December 2007
Mr Joseph Camuglia Non-Executive Director 16 April 2012

Management
Name Position
Andrew Crawford Company Secretary
D Rolf President Maverick Production Company
D A Knorr Vice President of Maverick Rig Manufacturing Inc

Substantial Shareholders
Holding Name
51,987,685 (13.92%) Don Henrich and Georgia Henrich

Calendar of Events
Date Event
29 April 2013 Report (Quarterly)
22 February 2013 Report (Interim)
22 January 2013 Report (Quarterly)
19 October 2012 Report (Quarterly)
17 October 2012 Report (Quarterly)
19 September 2012 Report (Annual)
23 July 2012 Report (Quarterly)
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