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		In the oil business, TIMING IS EVERYTHING. Right now, oil prices are maintaining high levels. Worldwide demand is rising, especially in China, India and Southeast Asia. At the same time, our country's domestic production has been decreasing, while the uncertainties caused by ever-increasing terrorist actions and other world events continue to fuel high energy prices. America still relies heavily on foreign oil. Aztec believes that by working to take full advantage of already proven domestic oil reserves, it can in its own way contribute somewhat to the U.S. becoming less dependent on OPEC and foreign oil. And, by using its unique strategy, Aztec believes that it can rapidly grow the company, its assets and profits. The combination of all of these factors makes this the perfect time for Aztec to accelerate the execution of its unique business model. Learn More >>

Since its entry into the oil & gas industry in late 2003, Aztec’s business plan has been to participate in and purchase oil & gas interests utilizing strategies that seek to manage and reduce the risk associated with traditional exploration and production (E&P) operations.

The initial phase of the company's strategy focused on investment in producing oil & gas properties with defined, undrilled reserves ("infield drilling targets") thus eliminating much of the direct cost and risk of exploration and speculative drilling. Aztec's first action in 2004 was to acquire a 31.283% interest in Z2, LLC. Z2 owned 100% of the working interest in an 8,000-acre producing field in the Bigfoot oil field in Texas, which holds approximately 4 million barrels of proven producing reserves. That acquisition gave Aztec a significant interest in a historical field where engineering reserve studies calculated significant potential in undeveloped remaining drill sites.

In early 2006, as Aztec further developed and refined its strategies, it also reviewed the yield on its Z2 investment. In anticipation of a temporary drop in oil pricing the company elected to sell its Bigfoot/Z2 interests (see press release dated February 28, 2006). That sale was completed by Aztec at a significant gain on its original investment and the proceeds were used to pay off substantially all of Aztec’s outstanding debts.

Over the recent past, Aztec implemented the second phase of its business approach by participating in highly-researched, well-funded, and well-managed exploratory drilling projects in areas with high historical reserve potential (Texas, Pennsylvania, Oklahoma and Louisiana). Under this portion of our program, Aztec has since acquired and participated in interests in a number of wells in the above four states (see Our Properties section). Aztec is currently pursuing other exploratory drilling prospects.

We are now involved in Phase III of our business strategy which calls for the development of balanced, low-risk, focused oil and gas drilling projects. Aztec will continue to pursue participation interests in producing properties (Phase I) and well-managed exploratory drilling (Phase II). However, we have now expanded our approach into Phase III. These phase involves drilling a large number of wells in basins where drilling costs are lower and equipment and manpower are more readily available (rather than in the higher risk, and what have become exceedingly more expensive, exploration areas). Much of this added focus will center on development drilling of relatively shallow oil and natural gas reserves in areas such as the Appalachian region of the United States, in which "outside" investors are invited to participate.

Learn more about Aztec's Business Model.
Learn more about Aztec's Properties.


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