Aztec Announces Partnership Update for Its Closed VIII Drilling Program

HOUSTON, Nov. 4, 2009 (GLOBE NEWSWIRE) -- Aztec Oil & Gas, Inc. (Pink
Sheets:AZGS) announced today 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.

The primary goal of Aztec's drilling programs is area diversification of
multi-well investments in shallow, low risk wells with multi-zone formation
potential.

About Aztec Oil & Gas, Inc.

Aztec is an oil and gas exploration, development and production company focusing
on Texas and numerous areas throughout the U.S. Its interests are highly
diversified as exemplified by its corporate participation in two Deep Lake wells
in Cameron Parish, Louisiana ranging from 13,600 feet to 14,300 feet in depth
versus its corporate participation in three shallow gas wells in Oklahoma of
which two are conventional wells, and the third is a horizontal, Coal Bed
Methane (CBM) well. It's sponsored drilling programs focus primarily on shallow
oil wells. In 2006 Aztec entered the sponsored drilling program industry and
undertook three small, very limited annual drilling partnerships in Appalachia.
Drilling in Appalachia was recommended to Aztec by several broker dealers and a
wholesaler, supposedly, because many broker dealers were familiar with drilling
programs from the area. Aztec intentionally limited its sponsored drilling
programs over the subject three years in order to study and become fully
familiar with the nuances of the sponsored drilling program industry before
expanding to the Company's full capabilities. In the summer of 2008, due to what
it felt was a questionable outlook for shallow gas drilling in the Appalachian
region; Aztec decided to discontinue any natural gas drilling in Appalachia and
announced such publicly at several industry conferences.

Aztec focused all drilling in 2009 on Texas and adjoining states. In addition to
the initial, three existing small Appalachian drilling partnerships mentioned
above; Aztec recently sponsored and closed its VIII A, B and C partnerships
under its Aztec VIII Oil & Gas Drilling Program. Aztec Energy LLC, a
wholly-owned subsidiary of Aztec, acts as Managing General Partner of all
drilling partnerships and another wholly-owned Aztec subsidiary, Aztec Drilling
& Operating, LLC, is the turnkey drilling contractor and operator. Aztec owns a
30% interest in all of its drilling partnerships. In general clarification of
its activities, Aztec sponsors low risk, development drilling programs which
include significant tax benefits, all of which are sold through FINRA member
Broker Dealers and Registered Investment Advisors only to Accredited Investors.
Aztec's drilling programs focus, primarily, on shallow oil drilling, are very
unique, and also incorporate a sophisticated Exit Strategy for investors.

For more information on Aztec Oil & Gas, Inc. please visit
http://www.AztecOG.com.

Disclaimer: This release/announcement is neither an offer to sell nor a
solicitation of an offer to buy securities, Units or participations. This
release/document contains certain statements, estimates, and forecasts with
respect to future performance and events. All statements other than statements
of historical fact included in this release/document, the Memorandum, or the
Aztec website, including statements regarding future performance of events, are
forward-looking statements. All such forward-looking statements are based on
various underlying assumptions and expectations and are subject to risks and
uncertainties which could cause actual events to differ materially from those
expressed in the forward-looking statements. As a result, there can be no
assurance that the forward-looking statements included in this release, the
Memorandum, or the Aztec Website will prove to be accurate or correct. In light
of these risks, uncertainties and assumptions, the future performance or events
described in the forward-looking statements in this release/document, the
Memorandum, or the Aztec Website might not occur. Accordingly, investors should
not rely upon forward-looking statements as a prediction of actual results.
Also, the price Aztec Oil & Gas, Inc. and the other parties involved in any
properties receive for the oil and natural gas produced on their properties may
be less than quoted NYMEX prices at any given time. Aztec does not undertake any
obligation to update any forward-looking statements, whether as a result of new
information, future events, subsequent circumstances or otherwise.

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CONTACT: Phoenix IR Associates
Investor Relations
Tony Drake
(281) 579-1602
Shareholders@AztecOG.com