October 14, 2009 (FinancialWire) — Aztec Oil & Gas, Inc. (OTC: AZGS) announced the successful drilling and completion of the Ragle #3 well in Palo Pinto County, Texas.

The 5,000′ +/- vertical well encountered multiple pay zones in the Ellenberger, Upper Barnett, Marble Falls, Conglomerate, Lower and Upper Strawn, bottom to top respectively. Log analysis revealed probable commercial pay in several of those zones and excellent secondary porosity in the Ellenberger.

The well is presently completed in the Ellenberger zone and is producing natural gas, condensates and petroleum liquids. Direct offset well potential exists on the Ragle #3 lease. Additionally, Aztec Oil & Gas has signed contracts with G & F Oil, Inc. to drill several wells in the general area and will begin drilling of the Ragle #6 within the next few weeks.

All of the proposed wells are classified as developmental with multiple pay potential. The Ragle #3 and all additional wells in the area will be included in the Aztec investor partnerships formed under the recently closed Aztec VIII Oil & Gas Drilling Program.

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