Aztec Announces Formation of Marketing Division and Appointment of
Support Personnel
HOUSTON, Sept. 30, 2013 /PRNewswire/ -- Aztec Oil
& Gas, Inc. (Pink Sheets: AZGS) ("Aztec") announced today that
after considerable research and interviews it has formed a
Marketing Division to better service its clients, Broker Dealers,
Registered Investment Advisors, partnership investors and
associates.
Three highly regarded and experienced industry veterans in the
Alternative Investment/Broker Dealer space have been retained to
implement the new Marketing Division's activities. Mr. Don Ferrari will serve as National Marketing
Director. Mr. Hugh Black will serve
as Senior Marketing Division Manager, and Ms. Kartha James will serve as Director of Corporate
Development.
"Aztec is very pleased to be able to add such a highly
accomplished and experienced group to its expanding core of
personnel," stated Ariane Cox, Vice
President of Aztec Oil & Gas Inc. Ms. Cox went on to add,
"Additionally, the Aztec Board of Directors continues interviewing
qualified candidates for the position of President after
terminating its previous President effective July 9, 2013. The Board has a highly qualified
group of candidates from which to choose, but is also continuing
the search and Aztec Announces Formation of Marketing
Division and Appointment of Support Personnel selection
process. In the meantime, the firm is running quite well and
efficiently, with no interruptions of its office or field services
or functions."
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, intermittently, offers
drilling/production partnerships, Aztec focuses primarily on
Texas shallow, lower risk,
development and step out oil 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 the secondary target of
production.
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, Aztec restricted
itself to only three small, very limited Appalachian, natural gas
drilling partnerships. Such was done in order to give the firm time
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 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.
Since 2008, Aztec has, when offered, focused almost all of its
sponsored drilling/production 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 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 Oil & Gas Inc., is the Managing General
Partner of all Aztec drilling partnerships. Another wholly-owned
Aztec parent company subsidiary, Aztec Drilling & Operating,
LLC, is the drilling contractor and contractual well operator for
such partnerships. Through its own participation,
contributions and coverage, 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/rework/production programs which include
significant tax benefits. When sponsored, such programs are offered
only through FINRA Registered Broker Dealers and Registered
Investment Advisors to Accredited Investors. Aztec's sponsored
drilling/rework/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 Oil & Gas Inc., its
subsidiaries or affiliates (collectively "Aztec");and may contain
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. Based on various underlying
assumptions, estimates and expectations and subject to risks and
uncertainties which could cause actual events to differ materially
from those expressed in such statements, there can be no assurance
that such forward-looking statements will prove to be accurate or
correct. The future performance or events described in such
forward-looking statements might not occur. Investors should never
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 ownership or
activities, have various, material conflicts of interests. Price(s)
received for the oil and natural gas produced from any investments,
activities or properties may be less, or more, than quoted NYMEX
prices at any time. Specific results, yields, benefits, etc. are
not guaranteed by Aztec and are subject to risks and limitations
inherent in the energy industry and/or described in any Memorandum
and elsewhere. Aztec does not undertake or assume any obligation(s)
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) 748-6398
Shareholders@AztecOG.com
SOURCE Aztec Oil & Gas, Inc.