Aztec Oil & Gas reports the progress of two of its partnerships formed under the Aztec VIII Oil & Gas Drilling Program which is now closed to subscriptions. The Aztec VIII-B Partnership closed June 17, 2009 and the Aztec VIII-C Partnership closed on August 31, 2009. Aztec Energy LLC acts as Managing General Partner for both partnerships and Aztec Drilling & Operating LLC acts as turnkey operator. Aztec owns a 30% interest in each Partnership.

Aztec has over 100 developmental drilling locations available in the following counties: McMullen (South Texas), Medina (Southwest Central Texas), Liberty and Ft. Bend (Upper Gulf Coast Texas), Navarro (East Texas) and Palo Pinto (North Central Texas). Additionally, several geological developments are underway; however, due to continued, competitive leasing, details of the activities are not disclosed. Three oil wells in McMullen County, in which the VIII-B and VIII-C Partnerships participate, are already drilled, completed and being put into production. The Ragle #3 well in Palo Pinto County, Texas has been drilled and completed and is producing from the Ellenberger formation. The Ragle #6 well has just completed drilling through the Ellenberger formation and is being logged. Both of the Ragle wells have multiple formations available for completion.

Aztec has 15-20 drilling permits in process in the above various counties and expects to have multiple rigs drilling within the next 1-3 weeks, weather permitting. Revenue to the VIII-B and VIII-C Partnerships is estimated to begin as early as December, 2009, and increase monthly from that point forward until production stabilizes.

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