1074929--4/13/2009--MAVERICK_MINERALS

related topics

{gas, price, oil}

{interest, director, officer}

{stock, price, share}

{cost, contract, operation}

{regulation, government, change}

{personnel, key, retain}

{acquisition, growth, future}

{customer, product, revenue}

We have had negative cash flows from operations and if we are not able to obtain further financing, our business operations may fail. We currently do not generate revenues, and as a result, we face a high risk of business failure. Our independent auditors have expressed substantial doubt about our ability to continue as a going concern, which may hinder our ability to obtain future financing. Due to the speculative nature of the exploration of mineral and oil and gas properties, there is substantial risk that our business will fail. Even if we discover commercial reserves, we may not be able to successfully obtain commercial production. The potential profitability of oil and gas ventures depends upon factors beyond the control of our company. The marketability of natural resources will be affected by numerous factors beyond our control, which may result in us not receiving an adequate return on invested capital to be profitable or viable. Oil and gas operations are subject to comprehensive regulation, which may cause substantial delays or require capital outlays in excess of those anticipated causing an adverse effect on our company. Exploration and production activities are subject to certain environmental regulations, which may prevent or delay the commencement or continuance of our operations. Exploratory drilling involves many risks and we may become liable for pollution or other liabilities, which may have an adverse effect on our financial position. Any change to government regulation/administrative practices may have a negative impact on our ability to operate and our profitability. If we are unable to hire and retain key personnel, we may not be able to implement our plan of operation and our business may fail. Because our executive officers do not have formal training specific to oil and gas exploration, there is a higher risk our business will fail. Our executive officers have other business interests, and as a result, they may not be willing or able to devote a sufficient amount of time to our business operations, thereby limiting the success of our company. Our common stock is illiquid and shareholders may be unable to sell their shares. Penny stock rules will limit the ability of our stockholders to sell their stock. The Financial Industry Regulatory Authority, or FINRA, has adopted sales practice requirements which may also limit a shareholder s ability to buy and sell our stock.

Full 10-K form ▸

1074929--4/13/2009--MAVERICK_MINERALS_CORP