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Oil & Gas News: Aztec Coring First Austin Chalk Well In Medina County

May 25, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Aztec Oil & Gas, Inc. (OTC: AZGS) said it is coring its first Austin Chalk well in Medina County, Texas.

Aztec has successfully drilling 18 Olmos wells in the same county, ten of which are currently producing oil with production being sold monthly. Aztec expects to frac the final seven wells and have the entire first field lease in full production within the next three weeks.

"We are just completing the drilling of our first Austin Chalk well in Medina County, and while the Austin Chalk is only 500 feet deeper than the Olmos, it gives us much higher potential," said Waylan Johnson, president of Aztec Oil & Gas.

Aztec previously announced a drilling agreement with one of the largest, well-established local operators in Medina County, Texas Secondary Oil Company.

Aztec is an experienced oil and gas exploration, development and production company focusing on Texas plus other areas of the U.S.

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