Positive Results Despite Challenging Year

Maverick Group results remained positive, despite a very challenging year in an industry that has seen a great deal of contraction in activity levels. This is a testament to the stability and strength of the Maverick Group business model. It also speaks to the quality and commitment of our employees.

Overall, in the fiscal year we have just completed, we experienced an increase in Maverick Group revenue by approximately 15%. This is a very respectable figure, considering activity levels were about 30% less than the previous year.

Operations Report

Q-3

Q-4

The fourth quarter was a record Quarter for the Maverick Group, in revenue and profitability. Many of our people worked long hours and spent much time away from home. I would like to thank everyone for their hard work and dedication.

Looking Forward We are anticipating that oil and gas producers will shift investment dollars into the provinces of British Columbia and Saskatchewan. The Maverick Group is well positioned to take advantage of this change. You can expect to see us increasing our presence in Northeast British Columbia and Southwest Saskatchewan this year. Oil is trading at record levels and natural gas is currently back above the $9 mark.

In addition, the most positive sign we are seeing of an industry recovery is that the future of the gas market, on deliveries for January of 2009, 10 months out, is north of $10.

The management team has put forward budgets that show us increasing our Maverick Group revenues this fiscal year over last by 35%. This year is looking very good. Please be sure to take some holidays this summer, as we are anticipating a very busy fall. Welcome aboard to all new staff members. Everyone have a safe and successful spring.