AZGSQ SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.

https://www.sec.gov/litigation/suspensions/2020/34-88381.pdf

Order:

https://www.sec.gov/litigation/suspensions/2020/34-88381-o.pdf

AZGS changed to AZGSQ, bankruptcy:

http://otce.finra.org/DLSymbolNameChanges

Bankrupt. Just hit the Daily List.

AZGS 100 M AS , NV sos active… huge assets… ceo was in charge of Hyperdynamics Corp which used to trade on the Nasdaq

http://stockcharts.com/h-sc/ui?s=AZGS&p=W&b=5&g=0&id=p80818430105

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=8p3VS7S3wZPj%252fy46M4QwSg%253d%253d&nt7=0

http://www.otcmarkets.com/financialReportViewer?symbol=AZGS&id=101297

https://www.linkedin.com/in/jeremydriver

http://www.nasdaq.com/markets/spos/company/hyperdynamics-corp-11724-57189

Will it awaken some day?

Fired the old guy-did a R/S-closed out a partnership-I'm in.

Why did they do a R/S?

AZGS one for 3 R/S:

http://www.otcbb.com/asp/dailylist_detail.asp?d=08/09/2012&mkt_ctg=NON-OTCBB

Not sure why the PPS is where it is.

Looks like EOR.v is poised to go. $25.5 million cash, permits for 5 wells....3 lateral to be drilled in June. SP is near cash on hand (.16) SP does not reflect production...360 bopd, PV-10 of oilfields....$66.6 million. (another .41)

2000' Laterals reported to cost $1,000,000 each, estimated volumes could easily double current production and share price. Time to accumulate.

Which is why TECO has been dropping all day today on L2.

Aztec Announces Closing of XII-A Partnership

HOUSTON, Jan. 19, 2012 /PRNewswire/ -- Aztec Oil & Gas, Inc. (Pink Sheets: AZGS) ("Aztec") announced today that, on December 30, 2011, it closed the Aztec XII-A Oil & Gas limited partnership, which was opened on September 1, 2011. The Aztec XII-A Oil & Gas LP closed with approximately $8.2 million of funding and is focused primarily on drilling shallow oil wells in Texas. Aztec's wholly-owned subsidiary, Aztec Energy, LLC, will gain a thirty percent (30%) ownership interest in the Partnership, and will act as the Managing General Partner. Aztec Drilling & Operating, LLC, another wholly-owned Aztec subsidiary, will serve as the Partnership's drilling contractor and well operator.

"Aztec continued throughout 2011 to build reserves drilling mainly conventional, vertical oil wells," stated Mr. Waylan Johnson, President of Aztec Oil & Gas Inc. Mr. Johnson went on to say, "Aztec has been very fortunate in the areas we've drilled, and by sticking to our plan, our oil and gas finding costs have continued to be lowered. Our company and our partners are realizing the benefits of our lower risk well strategy. We are very optimistic about 2012 and the use of the XII-A Partnership funds in continuing the implementation of that strategy."

About Aztec Oil & Gas, Inc. Aztec is an experienced oil and gas exploration, development and production company focusing on Texas, plus other areas of the U.S. Its interests are highly diversified between development drilling and exploration drilling; however, when it offers drilling/production partnerships, Aztec focuses primarily on Texas shallow, lower risk, development and step out wells. When offered, those programs/partnerships are placed, with accredited investor partners, only through FINRA registered Broker Dealers and Registered Investment Advisors; and, are focused primarily on oil, with natural gas normally being a secondary target.

Aztec has been in the oil/gas business since 2004, and entered the sponsored drilling program industry in 2006. Over the next two and one half years, beginning in late 2006, it intentionally restricted itself to only three small, very limited Appalachian, natural gas drilling partnerships. Such was done in order to study and become fully familiar with the nuances of the sponsored drilling program industry before expanding to the Company's full capabilities. In the summer of 2008, Aztec publicly announced it was discontinuing any natural gas drilling in Appalachia, and was ready to substantially expand its sponsored drilling program activities, along with its other activities, primarily for oil in Texas.

As to only its sponsored drilling partnerships, when offered; since 2008, Aztec has, indeed, focused almost all of those partnerships on oil wells in Texas. In addition to its early, initial three small Appalachian natural gas drilling partnerships mentioned above, Aztec has, intermittently, sponsored and closed a very significant number of other drilling/production partnerships (all of the latter, as stated, focused primarily on drilling for oil in Texas). Aztec Energy LLC, a wholly-owned subsidiary of Aztec, is the Managing General Partner of all Aztec drilling partnerships; and another wholly-owned Aztec subsidiary, Aztec Drilling & Operating, LLC, is the drilling contractor and well operator for such partnerships. Through its own participation and contributions, Aztec owns a 30% interest in all of its drilling/production partnerships. In general clarification of its activities, in addition to its own direct corporate participations in industry partner wells, Aztec sometimes sponsors lower risk, development drilling/production programs which include significant tax benefits; all of which are offered only through FINRA Registered Broker Dealers and Registered Investment Advisors to Accredited Investors. Aztec's sponsored drilling/production programs, when offered, focus primarily on shallow oil/gas drilling, are considered unique, and also incorporate a sophisticated exit strategy for investors.

Please feel free to visit Aztec on the web at www.AztecOG.com. An option is provided on the website to join the Aztec (corporate) mailing list and receive up to date information on general Aztec activities, including all Aztec press releases.

This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Aztec. This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the Aztec website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in such statements. As a result, there can be no assurance that the forward-looking statements included in this release/announcement/document, a Memorandum, or the Aztec Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/announcement/document, a Memorandum, or the Aztec Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Aztec Oil & Gas, Inc., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, shareholders, partnerships and partners, involved in any properties, programs, partnerships, and Aztec activities have various, material conflicts of interests. The price(s) received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. Specific results, yields, benefits, etc. are not guaranteed by us and are subject to risks and limitations inherent in the energy industry and/or described in any Memorandum and elsewhere. Aztec does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise.

Contact:Phoenix IR AssociatesInvestor RelationsTony Drake(281) 579-1602Shareholders@AztecOG.com

SOURCE Aztec Oil & Gas, Inc.

http://ih.advfn.com/p.php?pid=nmona&article=50809520

Wow Cash Cow how much of the buying on this stock was just you slapping the ask?

What is wrong? So far I havent seen any major red flags. They have production, and proven reserves.

Because the market knows best and sees a dog with fleas in this company...

This stock has a ton of potential based on their operations. Not sure why its not getting the attention is deserves.

Aztec Announces Well Reserve Report Results
HOUSTON, TX November 21, 2011 -- Aztec Oil & Gas, Inc. (Pink Sheets: AZGS) (“Aztec”) announced results of an extensive reserve analysis for wells in its corporate account and that of its sponsored drilling partnerships. Mr. Waylan Johnson, President of Aztec Oil & Gas Inc., stated, “While our annual, audited financials are due to be filed in December, 2011, we have just received the, approximately, 250 page reserve report for the producing wells which Aztec and/or our partnerships own, or in which we participated. Due to the extensive diversity of Aztec’s wells, we felt that even though it was costly and very time consuming, a very detailed reserve analysis was necessary to fully document the company’s reserves for its shareholders. This step was also important because some due diligence parties seem not to understand how complex and time demanding it is to analyze a well portfolio as extensive and geographically diverse as that of Aztec and its partnerships.”
The final reserve report indicates an Escalated, 10% Discounted Value of Aztec’s well interests at $74,857,020, and an Escalated, Non-discounted Value of the well interests at $240,104,740. The Non-escalated Value, with 10% discount, was $43,022,330 and the Non-escalated Value with no discount was $80,758,590. Barclay’s oil price projections were used for escalation calculations by the analysts, and calculations were performed on PHDWIN, an industry accepted software. “Also, a fair number of wells were not included due to the fact that they are quite new and do not yet have enough established production history to analyze. Obviously, not included, are quite a few wells under contract which are either drilled but not completed yet, or not yet drilled,” continues Johnson.
Mr. Johnson further commented, “Aztec switched from a natural gas focus to an oil focus in 2008 for its own corporate activities, as well as for that of all of its sponsored drilling programs. With oil presently at, or near, $100 per barrel and natural gas dropping to $3.02 per Mcf, we definitely feel we read the market correctly, and did the right thing for Aztec and our sponsored drilling partnerships. Our assets continue to grow as planned and we are extremely proud of all of our dedicated, talented people and partners who have made Aztec’s achievements possible.”
About Aztec Oil & Gas, Inc.
Aztec is an experienced oil and gas exploration, development and production company focusing on Texas plus other areas of the U.S. Its interests are highly diversified between exploration drilling and development drilling; however, when it offers drilling/production partnerships, Aztec focuses primarily on shallow, Texas, lower risk, development and step out wells. When offered, those programs/partnerships are placed, with accredited investor partners, only through FINRA registered Broker Dealers and Registered Investment Advisors, and are focused primarily on oil, with natural gas normally being a secondary target.
Aztec has been in the oil/gas business since 2004 and entered the sponsored drilling program industry in 2006. Over the next two and one half years, beginning in 2006, it intentionally restricted itself to only three small, very limited Appalachian, natural gas drilling partnerships in order to study and become fully familiar with the nuances of the sponsored drilling program industry before expanding to the Company's full capabilities. In the summer of 2008, Aztec publicly announced it was discontinuing any natural gas drilling in Appalachia, and was
ready to substantially expand its sponsored drilling program activities, along with its other activities, primarily for oil in Texas.
As to only its drilling partnerships, when offered; since 2008, Aztec has, indeed, focused almost all of those partnerships on oil wells in Texas. In addition to its early, initial three small Appalachian natural gas drilling partnerships mentioned above, Aztec has, intermittently, sponsored and closed a very significant number of other drilling/production partnerships (all of the latter, as stated, focused on drilling for oil in Texas). Aztec Energy LLC, a wholly-owned subsidiary of Aztec, is the Managing General Partner of all Aztec drilling partnerships; and another wholly-owned Aztec subsidiary, Aztec Drilling & Operating, LLC, is the drilling contractor and operator for such partnerships. Through its own participation and contributions, Aztec owns a 30% interest in all of its drilling/production partnerships. In general clarification of its activities, in addition to its own direct corporate participations in industry partner wells, Aztec sometimes sponsors lower risk, development drilling/production programs which include significant tax benefits; all of which are offered only through FINRA Registered Broker Dealers and Registered Investment Advisors to Accredited Investors. Aztec’s sponsored drilling/production programs, when offered, focus primarily on shallow oil/gas drilling, are considered unique, and also incorporate a sophisticated exit strategy for investors.
Please feel free to visit Aztec on the web at www.AztecOG.com. An option is provided on the website to join the Aztec (corporate) mailing list and receive up to date information on general Aztec activities, including all Aztec press releases.
This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Aztec. This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the Aztec website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the Aztec Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the Aztec Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Aztec Oil & Gas, Inc., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, shareholders, partnerships and partners, involved in any properties, programs, partnerships, and Aztec activities have various, material conflicts of interests. The price(s) received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. Specific results, yields, benefits, etc. are not guaranteed by us and are subject to risks and limitations inherent in the energy industry and/or described in any Memorandum and elsewhere. Aztec does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise.
Contact:
Phoenix IR Associates
Investor Relations
Tony Drake
(281) 579-1602
Shareholders@AztecOG.com

Aztec Announces Well Reserve Report Results
| 9:36 AM | By PR Newswire Association LLC. |

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69212252

Yes, they have a lot of good stuff going on and continue to grow at a nice rate. Next year should be a very good year.

Did you read the new press release? Looking good.

Simple. No one knows about this stock.

Seriously, what is going on here. There is barely a trickle of volume. They have some good stuff going on so this doesnt make sense.

They just keep drilling away

Lets see some ask slappin

Surprised there was somebody sitting at .10 to pick up those shares with the lower bollie at .085.

Nice analogy...........

Lower bollie on the weekly in a downtrend and currently at .074. and at .088 on the daily which is also downtrending. This bounced a little off the .10 a few times lately but imo why buy .10 when limited support is maybe at .088 and then maybe .074? each time she goes down she'll drive the lower bollie down. Watch for .06 imo however,if it goes there like I posted the other day we may be able to buy .03 or lower imo, but would we want them??

Oil havin a bad time lately. This is too.
http://oil-price.net/dashboard.php?lang=en
Lower bollie headed darn near due South. Dropped through any support/s. Next stop could be in the .06 range imo. 125,800 volume for the week and not lookin to good. Looks like they know it too. If she continues and breaks down to the .06 we should be able to buy .03, but would you want it??
Weekly chart.

Bam hit between the eyes, is it the bad history doing this?

Why does the PPS go down when good news comes out?

Aztec Announces 58th Consecutive Productive Well in Medina County, TX

2011-08-10 09:00 ET - News Release

HOUSTON, Aug. 10, 2011 (GLOBE NEWSWIRE) -- Aztec Oil & Gas, Inc. (Pink Sheets:AZGS) announced its 58th consecutive productive well in Medina County. Aztec has teamed with Texas Secondary Oil Company (TSOC) to develop and infield drill a significant number of Olmos and Austin Chalk wells in Medina County.

"We are incredibly pleased with our relationship with TSOC in Medina County. Utilizing some of the newer frac technology, we are seeing some flush production of wells sometimes 50% above expectations. We have considerable additional acreage to drill with TSOC and are looking forward to years of productive results," stated Waylan Johnson, President, Aztec Oil & Gas, Inc.

About Aztec Oil & Gas, Inc.

Aztec is an experienced oil and gas exploration, development and production company focusing on Texas plus other areas of the U.S. Its interests are highly diversified between exploration drilling and development drilling; however, when it offers drilling/production partnerships, Aztec focuses primarily on shallow, Texas, low risk, development wells. When offered, those programs/partnerships are placed, with accredited investor partners, only through FINRA registered Broker Dealers and Registered Investment Advisors, and are focused primarily on oil, with natural gas normally a secondary target.

Aztec entered the sponsored drilling program industry in 2006. Over the next two and one half years, it intentionally restricted itself to only three small, very limited Appalachian drilling partnerships in order to study and become fully familiar with the nuances of the sponsored drilling program industry before expanding to the Company's full capabilities. In the summer of 2008, Aztec publicly announced it was discontinuing any natural gas drilling in Appalachia, and was ready to substantially expand its sponsored drilling program activities, primarily for oil in Texas.

Since 2008, Aztec has, indeed, focused almost all of its drilling partnerships on oil wells in Texas. In addition to its early, initial three small Appalachian natural gas drilling partnerships mentioned above, Aztec has, intermittently, sponsored and closed a very significant number of other drilling/production partnerships (all of the latter focused on drilling for oil in Texas). Aztec Energy LLC, a wholly-owned subsidiary of Aztec, is the Managing General Partner of all Aztec drilling partnerships and another wholly-owned Aztec subsidiary, Aztec Drilling & Operating, LLC, is the drilling contractor and operator for such partnerships. Through its own participation and contributions, Aztec owns a 30% interest in all of its drilling/production partnerships. In general clarification of its activities, in addition to its own direct corporate participations in industry partner wells, Aztec sometimes sponsors lower risk, development drilling/production programs which include significant tax benefits, all of which are offered only through FINRA Registered Broker Dealers and Registered Investment Advisors to Accredited Investors. Aztec's sponsored drilling/production programs, when offered, focus primarily on shallow oil/gas drilling, are considered unique, and also incorporate a sophisticated exit strategy for investors.

Please feel free to visit Aztec on the web at www.AztecOG.com. An option is provided on the website to join the Aztec (corporate) mailing list and receive up to date information on general Aztec activities, including all Aztec press releases.

This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Aztec. This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the Aztec website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the Aztec Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the Aztec Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Aztec Oil & Gas, Inc., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, shareholders, partnerships and partners, involved in any properties, programs, partnerships, and Aztec activities have various conflicts of interests. The price(s) received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. Specific results, yields, benefits, etc. are not guaranteed by us and are subject to risks and limitations inherent in the energy industry and/or described in any Memorandum and elsewhere. Aztec does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise.

CONTACT: Phoenix IR Associates
Investor Relations
Tony Drake
(281) 579-1602
Shareholders@AztecOG.com

Whatever happened to the AZTEC alleged scam we read about?

BB is getting tighter

That's as of February. May quarterly has 37,129,285 O/S and 100k Series A Preferred. Looks like .12 is the new book value, the company seems to think that's a good price to sell at. Is the T/A gagged? Pink sheets has a yield sign. Any plans by the company to update fins and get current?

Book Value $20,379,000/36,886,000 shrs, $.55 a shares.

WOW, no volume Friday. sup??? .12 break to the downside gets us .10 first then .08?? Double, triple botton at .02. :)

Ohhhh, is that why this thing is threatening to drop through the weekly ma 200 at .12? Looks like they paid too much. lol Once that happens could be a pretty tough struggle back above it.

AZGS INCOME STATEMENT

Unfortunately, they are losing approximately half a million dollars per quarter. ~$2,000,000 per year. However, note that their sales/revenues have increased exponentially since last year and there's a very good probability that they can cut those losses and/or become profitable well before they exhaust their cash position. They really need to ramp it up as they surely don't want to detract from that stellar, for an otc stock, balance sheet. Just my opinion. I'll be slowly accumulating "down here"...

AZGS BALANCE SHEET

Note Total Current Assets of $8,006,442 vs Total Current Liabilities of ONLY $1,670,879. Also note the increase of ~$2.8M in Total Current Assets from the previous quarter and a whopping ~$11.5M increase in Total Assets from the previous quarter. That, folks, is HUGE!

Note Total Assets of $22,884,268 vs Total Liabilities of ONLY $2,505,362. Also note the decreases in Total Current Liabilities and Total Liabilities from the previous quarter.

Especially note the Shareholders' Equity of $20,378,906. Divide that by the shares outstanding (OS) of 36,886,194 (as of February 28, 2011) and we can derive a share price of $.55 based on shareholders' equity alone.

Overall, a very nice looking balance sheet, in my opinion.

Some cash is "flowing" from insider financing (@ $.20 per share). All filed this evening:

FORM 4 Johnson Waylan Common Stock 07/12/2011 A 228,592 A $0.2 3,313,303 D

FORM 4 Vance Mark Common Stock 07/12/2011 A 12,700 A $0.2 1,077,109 D

FORM 4 Wheeler Dayton Common Stock 07/12/2011 A 12,700 A $0.2 110,571 D

FORM 4 Lehrer Kenneth E Common Stock 07/12/2011 A 15,239 A $0.2 1,557,937 D

Does appear that way. This one has been in a steady downtrend since June of last year. Wonder where the cash flow comes from. LOL

The pps lost 30% on heavy volume. I doubt that was the markets reaction to the news, but rather the company selling the news. Just in case they decide to learn to read a chart before their next PR and dump, I'll post the weekly. Also, don't know if the T/A is gagged or not, but I would definitely call them before buying this one.

The cash flows for AZGS look great, yet the stock is down. Is there any dilution going on, Soldier?

Down, Oink! Double bottom at .11.

Aztec Oil & Gas, Inc. (Pink Sheets:AZGS) today announced the filing of its financial results for the quarter and nine months ending May 31, 2011. Aztec has continued to achieve significant improvement over the reporting period ending August 31, 2010, which 2010 reporting period in turn was significantly higher than Aztec's corresponding 2009 results.

A limited summary of the current filing shows that Aztec's Total Assets increased from $11,433,893 on August 31, 2010 to $24,590,266 for the nine month period ending May 31, 2011, or by approximately 115%. Total Current Assets, including cash of $5,253,905, increased from $5,271,927 on August 31, 2010 to $5,822,822 for the current period. For the same period, Total Liabilities decreased by $296,601, or approximately 10%, Total Equity increased from $8,318,708 to $21,771,682, or by approximately 162%. (All of the foregoing amounts are compared to the period for the fiscal year ending August 31, 2010 and are rounded.)

Oil and natural gas sales increased from $164,110 for the nine months ending May 31, 2010 to $621,649 for the nine months ending May 31, 2011, or approximately 280%. Net Loss for the three months ending May 31, 2010 was ($739,579) and for the current three month period ending May 31, 2011 was ($516,333), a reduction of loss by approximately 30%.

"Aztec is having a very good year and is looking forward to much more of the same, regardless of oil pricing levels. Many years of hard work by some very talented people are definitely resulting in substantial gains for Aztec, which just happens to coincide with some currently high levels of oil pricing. As oil is, and has been since 2008, our focused commodity, that all works out quite well for Aztec," stated Waylan R. Johnson, President of Aztec Oil & Gas, Inc. Mr. Johnson went on to say, "Separately our sponsored drilling programs are doing well and continue to gain more acceptance with the national broker dealer community; plus Aztec's separate, corporate investment projects are also doing quite well. Aztec has interests in over 200 wells, and is active in approximately 14 counties in Texas, plus the states of Missouri and West Virginia."

About Aztec Oil & Gas, Inc.

Aztec is an experienced oil and gas exploration, development and production company focusing on Texas plus other areas of the U.S. Its interests are highly diversified between exploration drilling and development drilling; however, when it offers drilling/production partnerships, Aztec focuses primarily on shallow, Texas, low risk, development wells. When offered, those programs/partnerships are placed, with accredited investor partners, only through FINRA registered Broker Dealers and Registered Investment Advisors, and are focused primarily on oil, with natural gas normally a secondary target.

Aztec entered the sponsored drilling program industry in 2006. Over the next two and one half years, it intentionally restricted itself to only three small, very limited Appalachian drilling partnerships in order to study and become fully familiar with the nuances of the sponsored drilling program industry before expanding to the Company's full capabilities. In the summer of 2008, Aztec publicly announced it was discontinuing any natural gas drilling in Appalachia, and was ready to substantially expand its sponsored drilling program activities, primarily for oil in Texas.

Since 2008, Aztec has, indeed, focused almost all of its drilling partnerships on oil wells in Texas. In addition to its early, initial three small Appalachian natural gas drilling partnerships mentioned above, Aztec has, intermittently, sponsored and closed nine other drilling/production partnerships (all of the latter focused on drilling for oil in Texas). Aztec Energy LLC, a wholly-owned subsidiary of Aztec, is the Managing General Partner of all Aztec drilling partnerships and another wholly-owned Aztec subsidiary, Aztec Drilling & Operating, LLC, is the drilling contractor and operator for such partnerships. Through its own participation and contributions, Aztec owns a 30% interest in all of its drilling/production partnerships. In general clarification of its activities, in addition to its own direct corporate participations in industry partner wells, Aztec sometimes sponsors lower risk, development drilling/production programs which include significant tax benefits, all of which are offered only through FINRA Registered Broker Dealers and Registered Investment Advisors to Accredited Investors. Aztec's sponsored drilling/production programs, when offered, focus primarily on shallow oil/gas drilling, are considered unique, and also incorporate a sophisticated exit strategy for investors.

The revenues from these new wells will be a nice press release.

Struggling....maybe headed in the right direction

Interesting read on the world's oil supply

It's Official: The Economy Is Set To Starve

Any thoughts?

Aztec Announces 6 Months Results, Strong Growth and Doubling of Total Assets

Apr 26, 2011
OTC Disclosure & News Service
Houston, TX -


HOUSTON, April 26, 2011 -- Aztec Oil & Gas, Inc. (Pink Sheets: AZGS) announced today the recent filing of its financial results for the quarter and six months ending February 28, 2011. For the three months ending February 28, 2011, Oil and Natural Gas Sales increased to $474,804 versus $34,118 for the comparable three months ending February 28, 2010, or approximately a 1,292% increase. The Company has achieved further significant improvement over the year end results of six months ago, August 31, 2010. A quick summary of the filings show that Aztec’s Total Assets more than doubled to $22,884,268. Cash (as reported in Current Assets) increased approximately 54% to $7,596,283. On a related basis, Current Liabilities decreased approximately 23% to $1,670,879 and Total Liabilities decreased from $3,115,185 to $2,505,362, or approximately 20%. In the foregoing regard, Aztec maintains a significant line of credit with a major Houston bank, but has paid down the outstanding balance on that line to the minimum of one thousand dollars ($1,000). Also, during the current six month reporting period, Total Equity for Aztec increased to $20,378,906 from $8,318,708, or approximately 145%. All of the latter foregoing percentages are compared to the period for the fiscal year ending August 31, 2010, and all percentages are rounded to the nearest full number.



“Aztec has been substantially ramping up its operations, and those efforts are beginning to show in its corporate financial results. With oil prices posting very dramatic increases, and our drilling focus being principally on oil for over 3 years now, we anticipate a very nice year in 2011,” stated Waylan R. Johnson, President of Aztec Oil & Gas, Inc. Mr. Johnson further stated, “Our people have worked very hard establishing Aztec’s reputation for quality, reliability and performance in both our corporate endeavors plus our public drilling programs. When we do offer our drilling programs, they have been gaining popularity with broker dealers and investors.”



About Aztec Oil & Gas, Inc.

Aztec is an experienced oil and gas exploration, development and production company focusing on Texas plus other areas of the U.S. Its interests are highly diversified between exploration drilling and development drilling; however, when it offers drilling/production partnerships, Aztec focuses primarily on shallow, Texas, low risk, development wells. When offered, those programs/partnerships are placed only by FINRA registered Broker Dealers and Registered Investment Advisors with accredited investor partners, and are focused primarily on oil, with natural gas normally a secondary target.

Aztec entered the sponsored drilling program industry in 2006. Over the next two and one half years, it intentionally restricted itself to only three small, very limited Appalachian drilling partnerships in order to study and become fully familiar with the nuances of the sponsored drilling program industry before expanding to the Company's full capabilities. In the summer of 2008, Aztec publicly announced it was discontinuing any natural gas drilling in Appalachia, and was ready to substantially expand its sponsored drilling program activities, primarily for oil in Texas.

Since 2008, Aztec has, indeed, focused most of its drilling partnerships on oil wells in Texas. In addition to its early, initial three small Appalachian natural gas drilling partnerships mentioned above, Aztec has, intermittently, sponsored and closed eight other drilling/production partnerships (all of the latter focused on drilling for oil in Texas). Aztec Energy LLC, a wholly-owned subsidiary of Aztec, is the Managing General Partner of all Aztec drilling partnerships and another wholly-owned Aztec subsidiary, Aztec Drilling & Operating, LLC, is the drilling contractor and operator for such partnerships. Through its own participation and contributions, Aztec owns a 30% interest in all of its drilling/production partnerships. In general clarification of its activities, in addition to its own direct corporate participations in industry partner wells, Aztec sometimes sponsors lower risk, development drilling/production programs which include significant tax benefits, all of which are offered only through FINRA Registered Broker Dealers and Registered Investment Advisors to Accredited Investors. Aztec’s sponsored drilling/production programs, when offered, focus primarily on shallow oil/gas drilling, are considered unique, and also incorporate a sophisticated exit strategy for investors.



Please feel free to visit Aztec on the web at www.AztecOG.com. An option is provided on the website to join the Aztec (corporate) mailing list and receive up to date information on general Aztec activities, including all Aztec press releases.





This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Aztec. This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the Aztec website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the Aztec Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the Aztec Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Aztec Oil & Gas, Inc., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, shareholders, partnerships and partners, involved in any properties, programs, partnerships, and Aztec activities have various conflicts of interests. The price(s) received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. Specific results, yields, benefits, etc. are not guaranteed by us and are subject to risks and limitations inherent in the energy industry and/or described in any Memorandum and elsewhere. Aztec does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise.



Contact:
Phoenix IR Associates
Investor Relations
Tony Drake
(281) 579-1602
Shareholders@AztecOG.com
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Dannngggg. Another good company that nobody on ihub really pays attention to! Guess if you dont do a lot of paid promotion you dont get the mass volume but that is fine with me.