<html>
<head>
    <title>form8kpressrelease2010jan20.htm</title>
<!-- Licensed to: etak-->
<!-- Document Created using EDGARizerAgent 5.1.5.0 -->
<!-- Copyright 1995 - 2009 Thomson Reuters. All rights reserved. -->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
    <div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">
      <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
        <div style="LINE-HEIGHT: 0pt; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
      </div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 18.25pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">U.S.
SECURITIES AND EXCHANGE COMMISSION</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">WASHINGTON,
D.C. 20549</font></div>
      <div style="LINE-HEIGHT: 18.25pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="LINE-HEIGHT: 18.25pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">FORM
8-K</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CURRENT
REPORT</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Date of
Report (Date of Earliest Event Reported): January 20, 2010 (January 20,
2010)</font><br>&#160;</div>
      <div style="LINE-HEIGHT: 20.5pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">AZTEC
OIL &amp; GAS, INC.</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Exact
Name of Registrant as Specified in Charter)</font></div>
      <div style="LINE-HEIGHT: 12.55pt; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
      <div style="LINE-HEIGHT: 12.55pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 12.55pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Nevada</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(State or
Other Jurisdiction of</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Incorporation
or Organization)</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
              <td valign="top" width="30%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;
      </font></td>
              <td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
                <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">000-32015</font></font></div>
              </td>
              <td valign="top" width="8%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
              <td valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
                <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">87-0439834</font></font></div>
              </td>
              <td valign="top" width="30%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;
      </font></td>
            </tr><tr>
              <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;
      </font></td>
              <td valign="top" width="15%">
                <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Commission
      File Number)</font></div>
              </td>
              <td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
              <td valign="top" width="15%">
                <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(I.R.S.
      Employer Identification No.)</font></div>
              </td>
              <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;
      </font></td>
            </tr></table>
      </div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Aztec
Oil &amp; Gas, Inc.</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">One
Riverway, Suite 1700</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Houston,
Texas 77056</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;(Address
of principal executive offices including zip code)</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 10pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(713)
840-6444</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Registrant&#8217;s
telephone number, including area code)</font></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
        <div style="LINE-HEIGHT: 0pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
        <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
        <div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="TEXT-ALIGN: center; WIDTH: 100%">
            </div>
            <div style="TEXT-ALIGN: center; WIDTH: 100%">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block">
        <div style="TEXT-INDENT: 0pt; DISPLAY: block">
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ITEM
8.01 - Other Events</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On
January 20, 2010 Aztec Oil &amp; Gas, Inc. announced&#160;its year end results
and strong growth.</font><br></div>
        </div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNATURES</font></div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>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.</font></div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
        <div>
          <table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
                <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;
      </font></td>
                <td align="left" valign="top" width="40%">
                  <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AZTEC
      OIL &amp; GAS, INC.</font></div>
                </td>
              </tr><tr>
                <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;
      </font></td>
                <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;
      </font></td>
              </tr><tr>
                <td align="left" valign="top" width="40%">
                  <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date:
      January 20, 2010</font></div>
                </td>
                <td align="left" valign="top" width="40%">
                  <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By:<font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;//s//
      Franklin C. Fisher, Jr.&#160;&#160;&#160;&#160;&#160;&#160;
      </font></font></div>
                </td>
              </tr><tr>
                <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;
      </font></td>
                <td align="left" valign="top" width="40%">
                  <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;Franklin
      C. Fisher, CEO and Chairman</font></div>
                </td>
              </tr></table>
        </div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>&#160;</div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
        <div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
            <div style="TEXT-ALIGN: center; WIDTH: 100%">
            </div>
            <div style="TEXT-ALIGN: center; WIDTH: 100%">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
      </div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
      <div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"><br>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br><img src="azteclogo1.jpg" alt="AztecLogo">&#160;</div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 14pt; FONT-WEIGHT: bold">Aztec Oil &amp; Gas, Inc. Announces Year End Results and
Strong Growth</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">&#160;</font><br>&#160;</div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">HOUSTON, January 20, 2010 </font>--
Aztec Oil &amp; Gas, Inc. (Pink Sheets: AZGS) announced today the recent filing
of its financial results for the year ending August 31, 2009, noting that the
Company has achieved significant growth over the referenced 12-month
period.&#160;&#160;A quick summary of the filing shows that Total Current Assets
increased by approximately 159 percent and Total Assets increased by
approximately 40 percent, while Cash (as reported in Current Assets) increased
by approximately 40 percent as well.&#160;&#160;Current Liabilities decreased by
approximately 22 percent while Total Liabilities increased by approximately 29
percent for the year ending August 31, 2009.&#160;&#160;All of the foregoing
percentages are compared to the previous twelve month fiscal year, ending August
31, 2008, and all percentages are rounded to the nearest full
number.</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;During
the 2009 fiscal year, we disposed of all of our production interests in the
state of Pennsylvania, and wrote down, or shut in, some other assets and
reserves due to the nationwide decrease in natural gas pricing.&#160;&#160;We
anticipate 2010 to be quite a good year for Aztec as most, if not all, of our
current and future drilling is focused on the production of crude oil in the
State of Texas.&#160;&#160;Our drilling programs are gaining more popularity
with broker dealers and investors and, while the natural gas market seems
uncertain, the future of the crude oil market looks very bright.&#160;&#160;As a
result of the foregoing, Aztec should do very well in 2010,&#8221;&#160;&#160;states
Waylan R. Johnson, President of Aztec Oil &amp; Gas, Inc.</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">About
Aztec Oil &amp; Gas, Inc.</font><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Aztec is
an oil and gas exploration, development and production company focusing on Texas
and numerous areas throughout the U.S.&#160;&#160;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.</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2006
Aztec entered the sponsored drilling program industry and undertook three small,
very limited annual drilling partnerships in Appalachia.&#160;&#160;While
Aztec&#8217;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.&#160;&#160;The foregoing was, supposedly, because many broker
dealers were more familiar with programs from the Appalachian
area.&#160;&#160;Aztec intentionally limited its sponsored drilling programs
over the subject three years in order to become fully familiar with the nuances
of the sponsored drilling program industry before expanding to the Company's
full capabilities.&#160;&#160;In the summer of 2008, due to what Aztec&#8217;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.</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Aztec
focused all drilling in 2009 in Texas.&#160;&#160;In addition to the previous,
initial three existing small Appalachian drilling partnerships mentioned above;
Aztec recently sponsored and closed its VIII B and VIII C drilling partnerships
in 2009.&#160;&#160;The seventh drilling partnership, Aztec X A Oil &amp; Gas
LP, referenced in an earlier press release, also focuses on drilling in
Texas.&#160;&#160;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 &amp; Operating, LLC, is the
turnkey drilling contractor and operator for such partnerships.&#160;&#160;Aztec
owns a 30% interest in all of its drilling partnerships.&#160;&#160;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.&#160;&#160;Aztec&#8217;s drilling programs focus primarily on shallow oil
drilling, are very unique and also incorporate a sophisticated exit strategy for
investors.</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-WEIGHT: bold">For more information on Aztec Oil
&amp; Gas, Inc. please visit <font style="DISPLAY: inline; FONT-WEIGHT: bold; TEXT-DECORATION: underline">http://www.AztecOG.com</font></font>.</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">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 &amp;
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.</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Contact:</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Phoenix
IR Associates</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Investor
Relations</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Tony
Drake</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(281)
579-1602</font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Shareholders@AztecOG.com</font></font></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
          <div style="TEXT-INDENT: 0pt; DISPLAY: block"><br></div>
        </div>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><br>&#8232;<br><br></div><br>
        <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      </div>
    </div>
  </body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "form8kpressrelease2010jan20.htm", "description": "FORM 8K - PRESS RELEASE DATED JANUARY 20, 2010", "secsgml_size_bytes": 26767}]
{"company-data": {"conformed-name": "AZTEC OIL & GAS, INC.", "cik": "0000789606", "assigned-sic": "1311", "irs-number": "870430834", "state-of-incorporation": "NV", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-32015", "film-number": "10535511"}, "business-address": {"street1": "ONE RIVERWAY, SUITE 1700", "city": "HOUSTON", "state": "TX", "zip": "77056", "phone": "713-840-6444"}, "mail-address": {"street1": "ONE RIVERWAY, SUITE 1700", "city": "HOUSTON", "state": "TX", "zip": "77056"}, "former-company": [{"former-conformed-name": "AZTEC COMMUNICATIONS GROUP INC", "date-changed": "20000331"}, {"former-conformed-name": "ASTERISK INC", "date-changed": "19871209"}]}
form8kpressrelease2010jan20.htm
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): January 20, 2010 (January 20,
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
January 20, 2010 Aztec Oil & Gas, Inc. announced its year end results
and strong growth.
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:
      January 20, 2010
By:
//s//
      Franklin C. Fisher, Jr.
Franklin
      C. Fisher, CEO and Chairman
Aztec Oil & Gas, Inc. Announces Year End Results and
Strong Growth
HOUSTON, January 20, 2010
--
Aztec Oil & Gas, Inc. (Pink Sheets: AZGS) announced today the recent filing
of its financial results for the year ending August 31, 2009, noting that the
Company has achieved significant growth over the referenced 12-month
period.  A quick summary of the filing shows that Total Current Assets
increased by approximately 159 percent and Total Assets increased by
approximately 40 percent, while Cash (as reported in Current Assets) increased
by approximately 40 percent as well.  Current Liabilities decreased by
approximately 22 percent while Total Liabilities increased by approximately 29
percent for the year ending August 31, 2009.  All of the foregoing
percentages are compared to the previous twelve month fiscal year, ending August
31, 2008, and all percentages are rounded to the nearest full
number.
"During
the 2009 fiscal year, we disposed of all of our production interests in the
state of Pennsylvania, and wrote down, or shut in, some other assets and
reserves due to the nationwide decrease in natural gas pricing.  We
anticipate 2010 to be quite a good year for Aztec as most, if not all, of our
current and future drilling is focused on the production of crude oil in the
State of Texas.  Our drilling programs are gaining more popularity
with broker dealers and investors and, while the natural gas market seems
uncertain, the future of the crude oil market looks very bright.  As a
result of the foregoing, Aztec should do very well in 2010,"  states
Waylan R. Johnson, President of Aztec Oil & Gas, Inc.
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 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 three 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 existing small Appalachian drilling partnerships mentioned above;
Aztec recently sponsored and closed its VIII B and VIII C drilling partnerships
in 2009.  The seventh drilling partnership, Aztec X A Oil & Gas
LP, referenced in an earlier press release, 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