Aztec announced the successful completion of its first well in Liberty County, the Dyco Blanding #1. Aztec now announces the successful drilling of its second well in Liberty County. The Blackstone 80 #1 well was recently completed in the Cockfield Channel sand that is a known prolific producer in the area. Initial production rates averaged approximately 50 to 60 barrels of oil per day.
"Based on the results of these two wells, we believe we have several additional potential locations for future development in this county," stated Waylan Johnson, President of Aztec Oil & Gas, Inc. Mr. Johnson further stated, "As a result of the foregoing, we anticipate that Aztec will participate in at least 3-5 wells in this field and surrounding areas in 2011."
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