Aztec Provides Quarterly Report, Current Assts Increase by 247%
Aztec Oil & Gas, Inc. filed its quarterly report on Form 10QSB with the SEC for the fiscal quarter on July 15, 2008. A quick summary of the filing shows that Total Current Assets increased by 247% and Total Assets increased by 45%, while Total Liabilities increased by less than 30%, for the nine month period ending May 31, 2008 versus the previous twelve month fiscal year, ending August 31, 2007. This filing also shows Oil & Gas Revenue increasing by 35% and Net Loss decreasing by 36% for the three months ending May 31, 2008 versus the same three month period in 2007. Note: all percentages are rounded to the nearest full number.
"After a significant amount of hard work and cost cutting, Aztec is beginning to demonstrate its full capabilities as a public oil and gas firm. More and more Broker Dealers throughout the U.S. are recognizing the value of Aztec's low risk oil and gas drilling programs. The Brokers Dealers are signing on for placement of the Aztec drilling programs and we are very appreciative of their recognition and confidence in our firm,'' said Franklin C. Fisher, Jr., CEO and Chairman of Aztec.