Ford's June Sales Grow 13.6% Year-Over-Year

- Ford's June Sales Grow 13.6% Year-Over-Year



Jul 1, 2011

Ford Motor's (NYSE:F) June sales totaled 194,114, growing 13.6% from June 2010, the company reported today.

Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service said, "Strong demand for Ford's fuel-efficient cars and crossovers continues, and we now are seeing truck buyers return to the market with significant appetite for our fuel-efficient V6 engines. The Fiesta and Focus are driving Ford's retail share gains in markets beyond our traditional geographic areas of strength. In California, Ford's retail share is the highest since 2006. We also have seen gains in the East and Southeast."

Ford's small cars powered the sales figures, as the all-new Fiesta and the Ford Focus accounted for 26,920 sales in June, up 66% from a year ago. The Fiesta and Focus recently were named to Kelley Blue Book's 2011 Top 10 Coolest New Cars Under $18,000.

Ford's utilities were also strong, with 6-month sales now totaling 280,875, a 25% increase over the first six months of 2010, making it the top selling utility brand in the U.S.

Shares of Ford Motor are trading up 1.16% at $13.95.

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Maverick Boosts Reserves at Blue Ridge Dome

- Maverick Boosts Reserves at Blue Ridge Dome

Wednesday, June 29, 2011
Maverick Drilling & Exploration Ltd.

Maverick Drilling & Exploration announced a significant upgrade to Maverick's 2P reserves on its flagship asset, Blue Ridge Dome, by approximately 26.8 million net oil barrels for Maverick's share of its leases. The reserves reflect no barrels equivalent in natural gas and are all true liquid oil barrels.

The reserve upgrade is a result of a combination of new lease acquisitions on Blue Ridge Dome and further analysis of results of Maverick's ongoing drilling program. A comparison to previously disclosed reserves is set out below:

Net Maverick Reserves

	Proved 1P (million bbls)	Proved + Probable 2P (million bbls)
ISO prospectus	7.8	25.6
Today	12.4	52.4
9 month increase (%)	59%	104%

Approximately 7.6 million net 2P barrels of the increase are the result of the company's improvements on those Blue Ridge Dome leases held at the time of listing (in September 2010). The remaining 19.2 million 2P barrels relate to acquisitions and expansion of holdings in the field.

Commenting on the upgrade, Maverick's executive chairman, Mr. Don Henrich said, "This is a superb outcome in Maverick's first nine months as a listed company. The substantial upgrade highlights the vale of Blue Ridge Dome, and the inherent potential of Boiling Dome, a piercement type salt dome with similar characteristics. The reserve upgrade underpins our aggressive acquisitions and in-field drilling and completion program which is achieving record production month over month for the past several months."

As previously announced, the company holds considerably larger net acreage on Boiling Dome than on Blue Ridge Dome. The Directors expect to announce maiden reserves for Boiling Dome later this calendar year, after commencement of the pilot drilling program.

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