Deutsche Bank today announced its appointment as the depositary bank for the non-capital raising sponsored Level I American Depositary Receipt (ADR) program of Maverick Drilling & Exploration Limited (Maverick).
Maverick (OTC US: MRVKY) is an onshore U.S. focused independent oil company. Existing oil production and reserves development are focused on the drilling of low cost, high margin oil. Maverick’s main assets are large operated acreage positions with majority ownership over parts of the Blue Ridge, Nash, and Boling fields, which are proven oil producing fields located south of Houston, Texas in the United States. The company is headquartered in Houston, Texas and is listed on the Australian Securities Exchange.*
Mrugank Paranjape, Asia Pacific Head of Trust & Securities Services and Cash Management for Financial Institutions, Global Transaction Banking at Deutsche Bank said, “We are delighted to be appointed as depositary bank for Maverick’s Level 1 ADR program. This demonstrates our strong commitment to ADR issuers in Australia and we look forward to providing this client with the highest level of service for their newly-launched program."
*Source: Maverick Drilling & Exploration Limited (December 2013)About Deutsche Bank Trust & Securities Services Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com. This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.