announcement

The Directors of Maverick Drilling & Exploration Limited (ASX: MAD) are pleased to report that the group has achieved
record results in both profit and revenue for the 2012 year. The group’s net profit after tax increased by 205% on the back of
a 101% increase in revenue from ordinary activities to $22,247,000. The increase in revenue was driven by the group’s
increased oil production combined with a higher average price being received for each barrel of oil sold.