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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>U.S.
        SECURITIES AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>WASHINGTON,
        D.C. 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>____________________________________________________________________________________________</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
        REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Pursuant
        to Section 13 or 15(d) of the Securities Exchange Act of
        1934</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date
        of
        Report (Date of Earliest Event Reported): June 15, 2007</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>AZTEC
        OIL &amp; GAS, INC.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Exact
        Name of Registrant as Specified in Charter)</font></div>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Nevada</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(State
        or
        Other Jurisdiction of</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Incorporation
        or Organization)</font></div>
      <div><br></div>
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              </td>
              <td valign="top" width="25%" style="BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>000-32015</strong></font></div>
              </td>
              <td valign="top" width="17%" style="BORDER-BOTTOM: black 4px double">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>87-0439834</strong></font></div>
              </td>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Commission
                  File Number)</font></div>
              </td>
              <td valign="top" width="17%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(I.R.S.
                  Employer Identification No.)</font></div>
              </td>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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        </table>
      </div>
      <div><br></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Mr.
        Kirk N. Blackim</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>President</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Aztec
        Oil &amp; Gas, Inc.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>One
        Riverway, Suite 1700</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Houston,
        Texas 77056</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Address
        of principal executive offices including zip code)</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>(713)
        840-6444</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Registrant&#8217;s
        telephone number, including area code)</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ITEM
        5. CORPORATE GOVERNANCE AND MANAGEMENT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
        5.02 - Departure of Directors or Principal Officers; Election of Directors;
        Appointment of Principal Officers.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        Company's board of directors has elected Franklin C. Fisher, Jr. as its new
        Chief Executive Officer. Mr. Fisher has also been elected to the position
        of
        Chairman of the Board of Directors. He will be installed in both positions
        on
        June 15, 2007.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Fisher
        has served in an advisory role with Aztec Oil &amp; Gas since its inception,
        lending his oil &amp; gas, financial and business management expertise in the
        role of outside advisor. During this period, he has also been very instrumental
        in Aztec's growth through his personal financing of the company and funding
        he
        has arranged through his related holdings and contacts. Mr. Fisher remains
        one
        of the Company's largest shareholders.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Franklin
        C. Fisher, Jr. began his career in 1964 when, after graduating from law school
        and being admitted to the Texas Bar, he joined a small steel fabrication
        firm in
        Houston, Texas and, subsequently, bought control of the company after two
        years.
        From there, he expanded operations with various enterprises ranging from
        specialty construction, petrochemical plant rework, steel fabrication, design
        and erection to hydraulic motor manufacturing, engineering, oil &amp; gas
        investment and production plus real estate investment. His firms operated
        in
        multiple foreign countries. Fisher later sold most of the construction and
        manufacturing holdings to concentrate on his personal investments and strategy
        consulting, in which he remains active to the present. In 1975, he became
        Chairman of Ashford Bank/MBank Memorial, which experienced substantial growth
        and was subsequently profitably sold to Mercantile Bank in 1983. Mr. Fisher
        remained as Chairman until 1985 and a board member until 1986. Since 1983,
        he
        has concentrated on managing his own investments and companies in which he
        owns
        interests, primarily focusing on the oil and gas sector. Additionally, he
        maintains a wide array of consulting projects involving strategy formulation
        and
        implementation, negotiation, legal strategy, financial restructuring, mergers,
        takeovers, workouts, public stock issues, investment analysis, and operational
        management. Mr. Fisher has also served on the boards of directors of numerous
        other corporations. He received his Bachelors degree from Texas A &amp; M
        University and his Juris Doctorate degree from the University of
        Texas.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>ITEM
        9.01 FINANCIAL STATEMENTS AND EXHIBITS</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
        A: Press Release Aztec Oil &amp; Gas Announces Appointment of Franklin C.
        Fisher, Jr. as Chief Executive Officer</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>SIGNATURES</strong></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">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="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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              <td align="left" valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>AZTEC
                  OIL &amp; GAS, INC.</strong></font></div>
              </td>
              <td align="left" valign="top" width="8%">
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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              <td align="left" valign="top" width="30%">
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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              <td align="left" valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="8%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
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              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date:
                  June 15, 2007</font></div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="right" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
              </td>
              <td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">By:
                  /s/ Kirk N.
                  Blackim&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
              </td>
              <td align="left" valign="top" width="8%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
              <td align="left" valign="top" width="30%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;
                  Kirk N. Blackim, President</font></div>
              </td>
              <td align="left" valign="top" width="8%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
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        </table>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>EXHIBIT
        A</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>PRESS
        RELEASE
</strong></font>
        <div>
          <hr style="COLOR: black" align="center" noshade size="1" width="70%">
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Aztec
        Oil &amp; Gas Announces Appointment of Franklin C. Fisher, Jr. as Chief
        Executive Officer</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Friday
        June 15, 9:00 am ET</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">HOUSTON,
        June 15, 2007 (PRIME NEWSWIRE) -- Aztec Oil &amp; Gas, Inc. (OTC
        BB:<u>AZGS.OB</u> - <u>News</u>) announced today that the Company's board of
        directors has elected Franklin C. Fisher, Jr. as its new Chief Executive
        Officer. Mr. Fisher has also been elected to the position of Chairman of
        the
        Board of Directors. He will be installed in both positions on June 15,
        2007.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Fisher
        has served in an advisory role with Aztec Oil &amp; Gas since its inception,
        lending his oil &amp; gas, financial and business management expertise in the
        role of outside advisor. During this period, he has also been very instrumental
        in Aztec's growth through his personal financing of the company and funding
        he
        has arranged through his related holdings and contacts. Mr. Fisher remains
        one
        of the Company's largest shareholders.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt;">``Frank
        Fisher has continually proven
        that he is an invaluable asset to Aztec and its shareholders. The board of
        directors feels very strongly that Frank knows Aztec better than anyone else
        and
        is a natural fit to lead the company as it continues to diversify and expand
        its
        operations. He possesses a unique understanding of the oil and gas business,
        plus Aztec's operations, needs, capabilities and opportunities, and has shown
        that he is willing to dedicate the time and effort necessary to lead this
        company to the next level of success and beyond,'' says Kirk Blackim, President
        of Aztec Oil &amp; Gas, Inc.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Franklin
        C. Fisher, Jr. began his career in 1964 when, after graduating from law school
        and being admitted to the Texas Bar, he joined a small steel fabrication
        firm in
        Houston, Texas and, subsequently, bought control of the company after two
        years.
        From there, he expanded operations with various enterprises ranging from
        specialty construction, petrochemical plant rework, steel fabrication, design
        and erection to hydraulic motor manufacturing, engineering, oil &amp; gas
        investment and production plus real estate investment. His firms operated
        in
        multiple foreign countries. Fisher later sold most of the construction and
        manufacturing holdings to concentrate on his personal investments and strategy
        consulting, in which he remains active to the present. In 1975, he became
        Chairman of Ashford Bank/MBank Memorial, which experienced substantial growth
        and was subsequently profitably sold to Mercantile Bank in 1983. Mr. Fisher
        remained as Chairman until 1985 and a board member until 1986. Since 1983,
        he
        has concentrated on managing his own investments and companies in which he
        owns
        interests, primarily focusing on the oil and gas sector. Additionally, he
        maintains a wide array of consulting projects involving strategy formulation
        and
        implementation, negotiation, legal strategy, financial restructuring, mergers,
        takeovers, workouts, public stock issues, investment analysis, and operational
        management. Mr. Fisher has also served on the boards of directors of numerous
        other corporations. He received his Bachelors degree from Texas A &amp; M
        University and his Juris Doctorate degree from the University of
        Texas.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">About
        Aztec Oil &amp; Gas, Inc.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Aztec
        is
        an oil and gas exploration and production company focusing on numerous areas
        of
        the U.S. It owns a minority interest in a 40-well oil and natural gas drilling
        program in McKean, Potter, Clearfield and Cambria counties in Pennsylvania
        that
        is productive. Aztec also owns a minority interest in two Deep Lake wells
        in
        Cameron Parish, Louisiana ranging from 13,600 to 14,300 feet in depth. Both
        wells are productive. Aztec additionally participated in one well in Wharton
        County, Texas that is currently producing and one well in the Barnett Shale
        play
        area of Texas that had good initial oil and gas shows but is experiencing
        mechanical problems. Aztec has a minority interest in two gas wells in Oklahoma
        that have been drilled, completed and are awaiting pipeline hookups. One
        is a
        conventional well, and the second is a horizontal, Coal Bed Methane (CBM)
        well.
        Additional wells and drilling are presently being analyzed. Through its
        subsidiaries, Aztec Energy, LLC, and Aztec Drilling &amp; Operating, LLC, Aztec
        recently drilled four (4), successful wells in Doddridge County, West Virginia
        under its first, sponsored ``outside investor'' drilling partnership, Aztec
        2006A Oil &amp; Gas Drilling Partnership.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font style="DISPLAY: inline; FONT-SIZE: 10pt;">For
        more information on Aztec Oil &amp;
Gas, Inc., please visit </font><font style="DISPLAY: inline; FONT-SIZE: 10pt;"><u>http://www.aztecoil-gas.com</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt;"><u>.</u></font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
        statements contained in this news release that are not historical facts may
        be
        statements regarding the Company's future that involve risks and uncertainties
        which could cause actual results to differ materially from those currently
        anticipated. For example, statements that describe, but are not limited to,
        the
        Company's hopes, plans, objectives, goals, intentions or expectations are
        all
        forward looking statements. Any such statements made herein about the Company's
        future are only made as of the date of this news release. Numerous factors,
        many
        of which are beyond the Company's control, may affect actual results. Also,
        the
        price Aztec Oil &amp; Gas, Inc., and the other parties involved in these
        properties, receive for the oil and/or gas produced on their properties may
        be
        less than quoted NYMEX prices at any given time. The Company undertakes no
        obligation to publicly update such forward looking statements to reflect
        subsequent events or circumstances.</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Contact:</em></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Phoenix
        IR Associates</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Tony
        Drake</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;281-579-1602</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;investor@aztecoil-gas.com</font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Source:
        Aztec Oil &amp; Gas, Inc.</font></div>
      <div><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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form8k.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): June 15, 2007
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.)
Mr.
        Kirk N. Blackim
President
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
        5. CORPORATE GOVERNANCE AND MANAGEMENT
Item
        5.02 - Departure of Directors or Principal Officers; Election of Directors;
        Appointment of Principal Officers.
The
        Company's board of directors has elected Franklin C. Fisher, Jr. as its new
        Chief Executive Officer. Mr. Fisher has also been elected to the position
        of
        Chairman of the Board of Directors. He will be installed in both positions
        on
        June 15, 2007.
Fisher
        has served in an advisory role with Aztec Oil & Gas since its inception,
        lending his oil & gas, financial and business management expertise in the
        role of outside advisor. During this period, he has also been very instrumental
        in Aztec's growth through his personal financing of the company and funding
        he
        has arranged through his related holdings and contacts. Mr. Fisher remains
        one
        of the Company's largest shareholders.
Franklin
        C. Fisher, Jr. began his career in 1964 when, after graduating from law school
        and being admitted to the Texas Bar, he joined a small steel fabrication
        firm in
        Houston, Texas and, subsequently, bought control of the company after two
        years.
        From there, he expanded operations with various enterprises ranging from
        specialty construction, petrochemical plant rework, steel fabrication, design
        and erection to hydraulic motor manufacturing, engineering, oil & gas
        investment and production plus real estate investment. His firms operated
        in
        multiple foreign countries. Fisher later sold most of the construction and
        manufacturing holdings to concentrate on his personal investments and strategy
        consulting, in which he remains active to the present. In 1975, he became
        Chairman of Ashford Bank/MBank Memorial, which experienced substantial growth
        and was subsequently profitably sold to Mercantile Bank in 1983. Mr. Fisher
        remained as Chairman until 1985 and a board member until 1986. Since 1983,
        he
        has concentrated on managing his own investments and companies in which he
        owns
        interests, primarily focusing on the oil and gas sector. Additionally, he
        maintains a wide array of consulting projects involving strategy formulation
        and
        implementation, negotiation, legal strategy, financial restructuring, mergers,
        takeovers, workouts, public stock issues, investment analysis, and operational
        management. Mr. Fisher has also served on the boards of directors of numerous
        other corporations. He received his Bachelors degree from Texas A & M
        University and his Juris Doctorate degree from the University of
        Texas.
ITEM
        9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit
        A: Press Release Aztec Oil & Gas Announces Appointment of Franklin C.
        Fisher, Jr. as Chief Executive Officer
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:
                  June 15, 2007
By:
                  /s/ Kirk N.
                  Blackim
Kirk N. Blackim, President
EXHIBIT
        A
PRESS
        RELEASE
Aztec
        Oil & Gas Announces Appointment of Franklin C. Fisher, Jr. as Chief
        Executive Officer
Friday
        June 15, 9:00 am ET
HOUSTON,
        June 15, 2007 (PRIME NEWSWIRE) -- Aztec Oil & Gas, Inc. (OTC
        BB:
AZGS.OB
-
News
) announced today that the Company's board of
        directors has elected Franklin C. Fisher, Jr. as its new Chief Executive
        Officer. Mr. Fisher has also been elected to the position of Chairman of
        the
        Board of Directors. He will be installed in both positions on June 15,
        2007.
Fisher
        has served in an advisory role with Aztec Oil & Gas since its inception,
        lending his oil & gas, financial and business management expertise in the
        role of outside advisor. During this period, he has also been very instrumental
        in Aztec's growth through his personal financing of the company and funding
        he
        has arranged through his related holdings and contacts. Mr. Fisher remains
        one
        of the Company's largest shareholders.
``Frank
        Fisher has continually proven
        that he is an invaluable asset to Aztec and its shareholders. The board of
        directors feels very strongly that Frank knows Aztec better than anyone else
        and
        is a natural fit to lead the company as it continues to diversify and expand
        its
        operations. He possesses a unique understanding of the oil and gas business,
        plus Aztec's operations, needs, capabilities and opportunities, and has shown
        that he is willing to dedicate the time and effort necessary to lead this
        company to the next level of success and beyond,'' says Kirk Blackim, President
        of Aztec Oil & Gas, Inc.
Franklin
        C. Fisher, Jr. began his career in 1964 when, after graduating from law school
        and being admitted to the Texas Bar, he joined a small steel fabrication
        firm in
        Houston, Texas and, subsequently, bought control of the company after two
        years.
        From there, he expanded operations with various enterprises ranging from
        specialty construction, petrochemical plant rework, steel fabrication, design
        and erection to hydraulic motor manufacturing, engineering, oil & gas
        investment and production plus real estate investment. His firms operated
        in
        multiple foreign countries. Fisher later sold most of the construction and
        manufacturing holdings to concentrate on his personal investments and strategy
        consulting, in which he remains active to the present. In 1975, he became
        Chairman of Ashford Bank/MBank Memorial, which experienced substantial growth
        and was subsequently profitably sold to Mercantile Bank in 1983. Mr. Fisher
        remained as Chairman until 1985 and a board member until 1986. Since 1983,
        he
        has concentrated on managing his own investments and companies in which he
        owns
        interests, primarily focusing on the oil and gas sector. Additionally, he
        maintains a wide array of consulting projects involving strategy formulation
        and
        implementation, negotiation, legal strategy, financial restructuring, mergers,
        takeovers, workouts, public stock issues, investment analysis, and operational
        management. Mr. Fisher has also served on the boards of directors of numerous
        other corporations. He received his Bachelors degree from Texas A & M
        University and his Juris Doctorate degree from the University of
        Texas.
About
        Aztec Oil & Gas, Inc.
Aztec
        is
        an oil and gas exploration and production company focusing on numerous areas
        of
        the U.S. It owns a minority interest in a 40-well oil and natural gas drilling
        program in McKean, Potter, Clearfield and Cambria counties in Pennsylvania
        that
        is productive. Aztec also owns a minority interest in two Deep Lake wells
        in
        Cameron Parish, Louisiana ranging from 13,600 to 14,300 feet in depth. Both
        wells are productive. Aztec additionally participated in one well in Wharton
        County, Texas that is currently producing and one well in the Barnett Shale
        play
        area of Texas that had good initial oil and gas shows but is experiencing
        mechanical problems. Aztec has a minority interest in two gas wells in Oklahoma
        that have been drilled, completed and are awaiting pipeline hookups. One
        is a
        conventional well, and the second is a horizontal, Coal Bed Methane (CBM)
        well.
        Additional wells and drilling are presently being analyzed. Through its
        subsidiaries, Aztec Energy, LLC, and Aztec Drilling & Operating, LLC, Aztec
        recently drilled four (4), successful wells in Doddridge County, West Virginia
        under its first, sponsored ``outside investor'' drilling partnership, Aztec
        2006A Oil & Gas Drilling Partnership.
For
        more information on Aztec Oil &
Gas, Inc., please visit
http://www.aztecoil-gas.com
.
The
        statements contained in this news release that are not historical facts may
        be
        statements regarding the Company's future that involve risks and uncertainties
        which could cause actual results to differ materially from those currently
        anticipated. For example, statements that describe, but are not limited to,
        the
        Company's hopes, plans, objectives, goals, intentions or expectations are
        all
        forward looking statements. Any such statements made herein about the Company's
        future are only made as of the date of this news release. Numerous factors,
        many
        of which are beyond the Company's control, may affect actual results. Also,
        the
        price Aztec Oil & Gas, Inc., and the other parties involved in these
        properties, receive for the oil and/or gas produced on their properties may
        be
        less than quoted NYMEX prices at any given time. The Company undertakes no
        obligation to publicly update such forward looking statements to reflect
        subsequent events or circumstances.
Contact:
Phoenix
        IR Associates
Tony
        Drake
281-579-1602
investor@aztecoil-gas.com
Source:
        Aztec Oil & Gas, Inc.