Aztec Phase I: Purchase interests in proven, producing leases with underexploited drill sites. Aztec's business model truly sets it apart and has already significantly benefited the company, its shareholders and outside investors. For Aztec, it is a way to participate in drilling, at lesser risk, and to drill many more wells than it could afford to drill solely on its own. Aztecs sale of its initial property purchase (Z2/BigFoot) at a significant profit has already established the accuracy of this overall strategy. The Conventional Ways Traditional oil exploration involves acquisition of exploration/drilling rights to unproven properties, conducting seismic and other subsurface studies to estimate if oil & gas is present and then drilling of the prospects in order to attempt to discover and extract the oil & gas. The process can be extremely expensive and time consuming. Additionally, there are no guarantees that a pure exploration company will ever make a profit. Costs for drilling a single well have escalated dramatically and can run into the hundreds of thousands (or millions) of dollars; plus a very high percentage of all traditional exploration wells drilled each year end up being dry holes. Aztec's Advantage Aztec believes that its Phase I method of investing in oil & gas properties which have proven reserves plus undrilled well sites, and which are already producing oil and/or gas, gives it a major advantage over many of its competitors who participate in much higher risk strategies. Future Arrangements for Phase I In the future, instead of having outside investors fund the infield drilling, Aztec may also elect to invest its own capital resources into development drilling on Phase I type properties and, therefore, retain a larger percentage of the revenue stream. Phase II > |