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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): 116
Equiv. Shares (M): 237

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.505 $ 0.495 $ 0.510 $ 0.475 $ 0.490 1,467,934 $ 0.015  3.061 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 31st Jan 2012
12 Month Target Price (average): $0.76
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 2.2 0.7 -- 30.3 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) $1,774 M -- -0.0532 -0.5860 26.4950 27.9825 67.5847 0.0110 0.0110 0.0122
Maverick Drilling and Exploration (MAD) $114 M -0.9169 -- -- 70.5882 -- -- 0.0000 -- --
Oil Search (OSH) $8,574 M 0.1344 0.6194 -0.2916 59.9074 36.9926 52.2195 0.0061 0.0063 0.0064
Santos (STO) $12,871 M 0.4826 0.1145 0.4070 30.4775 27.3473 19.4365 0.0271 0.0220 0.0220
Woodside Petroleum (WPL) $27,723 M -0.0593 0.1443 0.0983 18.7674 16.4013 14.9336 0.0305 0.0324 0.0353

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MAD -- 72.1 5.58 -- 14.2
Market 1.23 11.2 1.09 1.30 2.77
Sector 1.52 20.6 1.36 1.09 15.6

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

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
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)
25 April 2012 Report (Quarterly)
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