U.S.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of Earliest Event Reported): February 2, 2010 (February 2,
2010)
AZTEC
OIL & GAS, INC.
(Exact
Name of Registrant as Specified in Charter)
Nevada
(State or
Other Jurisdiction of
Incorporation
or Organization)
000-32015
|
87-0439834
|
|||
(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
|
Aztec
Oil & Gas, Inc.
One
Riverway, Suite 1700
Houston,
Texas 77056
(Address
of principal executive offices including zip code)
(713)
840-6444
(Registrant’s
telephone number, including area code)
ITEM
8.01 - Other Events
On
February 2, 2010 Aztec Oil & Gas, Inc. announced the retirement of
Chairman and CEO Franklin C. Fisher, Jr.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
AZTEC
OIL & GAS, INC.
|
|
Date:
February 2, 2010
|
By: //s//
Franklin C. Fisher, Jr.
|
Franklin
C. Fisher, CEO and Chairman
|
Aztec
Oil & Gas, Inc. Announces Retirement of CEO/Chairman of the Board of
Directors
HOUSTON, February 2, 2010
-- Aztec Oil & Gas, Inc. (Pink Sheets: AZGS) announced today that
Franklin C. Fisher, Jr. has retired as Chief Executive Officer, Chairman and a
director of the Company effective February 1, 2010. Mr. Fisher has been
subsequently retained by the Company as Senior Strategy Consultant, a
non-executive position.
“I will
be 70 years old in less than six months and as many people know, I attempted to
retire in 2004. I am proud of the fact that Aztec is in what I, and many others,
believe is great shape and is positioned to grow significantly. Over the last
almost four years our team has redirected the focus of Aztec and built it into a
formidable and respected firm in the sponsored drilling program industry. The
Company continues to grow daily and has a great staff of officers, directors,
consultants and support persons in place to expand and capitalize on that
success and growth. I shall, personally, continue to actively support and
contribute to the Company in every way possible in my new capacity as a
consultant,” stated Mr. Fisher.
Aztec
additionally announced that Ariane E. Cox was elected to the position of Vice
President and Secretary/Treasurer, replacing Kathryn Parks.
It was
further announced that the Board of Directors has elected Mr. Dayton F. Wheeler
to replace Mr. Fisher as a director. Mr. Wheeler is an MBA employed by a
division of NCR Corporation.
Mr.
Waylan R. Johnson, President of Aztec, will assume the duties formerly assigned
to the CEO, and the positions of Chairman and CEO will be
abolished.
About
Aztec Oil & Gas, Inc.
Aztec is
an oil and gas exploration, development and production company focusing on Texas
and numerous areas throughout the U.S. Its interests are highly
diversified as exemplified by its corporate participation in two Deep Lake wells
in Cameron Parish, Louisiana ranging from 13,600 feet to 14,300 feet in depth
versus its corporate participation in three shallow gas wells in Oklahoma of
which two are conventional wells, and the third is a horizontal, Coal Bed
Methane (CBM) well.
In 2006
Aztec entered the sponsored drilling program industry and, over the next two and
one half years, undertook three small, very limited annual drilling partnerships
in Appalachia. While Aztec’s personnel were experienced in oil and
gas exploration and production in many parts of the US, including Texas,
sponsored drilling program drilling in Appalachia was recommended to Aztec by
several broker dealers and a wholesaler. The foregoing was,
supposedly, because many broker dealers were more familiar with programs from
the Appalachian area. Aztec intentionally limited its sponsored
drilling programs over the subject two and one half years in order to 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, due to what Aztec’s officers felt was a questionable, future outlook for
shallow gas in the Appalachian region; Aztec discontinued all natural gas
drilling in Appalachia and announced such publicly at a subsequent industry
conference.
Aztec
focused all drilling in 2009 in Texas. In addition to the previous,
initial three small Appalachian drilling partnerships; Aztec has sponsored and
closed its VIII A, VIII B and VIII C drilling partnerships. The
seventh drilling partnership, Aztec X A Oil & Gas LP, closed in December
2009, also focuses on drilling in Texas. Aztec Energy LLC, a
wholly-owned subsidiary of Aztec, acts as Managing General Partner of all Aztec
drilling partnerships and another wholly-owned Aztec subsidiary, Aztec Drilling
& Operating, LLC, is the turnkey drilling contractor and operator for such
partnerships. Aztec owns a 30% interest in all of its drilling
partnerships. In general clarification of its activities, Aztec
sponsors low risk, development drilling programs which include significant tax
benefits, all of which are sold through FINRA Registered Broker Dealers and
Registered Investment Advisors to Accredited Investors. Aztec’s
drilling programs focus primarily on shallow oil drilling, are very unique, and
also incorporate a sophisticated exit strategy for investors.
For more
information on Aztec Oil & Gas, Inc. please visit http://www.AztecOG.com.
This
release/announcement is neither an offer to sell nor a solicitation of an offer
to buy securities or participations. 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/document, the Memorandum, or the Aztec website, including 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, the 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, the Memorandum, or the Aztec Website might
not occur. Accordingly, investors should not rely upon forward-looking
statements as a prediction of actual results. Also, the price Aztec Oil &
Gas, Inc. and the other parties involved in any properties receive for the oil
and natural gas produced on their properties may be less than quoted NYMEX
prices at any given time. Aztec does not undertake any obligation to update any
forward-looking statements, 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