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Aztec Oil and Gas Drops Lawsuit Against Former President Waylan Johnson - Texas Energy Group, LLC (TEG) is pleased to announce that Aztec Oil & Gas, Inc. has completely dismissed its lawsuit against Waylan Johnson - TexasEnergyGroup.com
Aztec Oil and Gas Drops Lawsuit Against Former President Waylan Johnson

 

NewswireToday - /newswire/ - Spicewood, TX, United States, 2014/09/23 - Texas Energy Group, LLC (TEG) is pleased to announce that Aztec Oil & Gas, Inc. has completely dismissed its lawsuit against Waylan Johnson - TexasEnergyGroup.com.

   
 
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Aztec Oil & Gas, Inc. (AZGS) announced today that it has completely dismissed its lawsuit against former President, Waylan Johnson.

President of Aztec Oil & Gas, Inc., Jeremy G. Driver, stated,“After conducting internal reviews, we find that dropping the lawsuit and ending the litigation with Mr. Johnson, his former CFO, and his companies is the best course of action for all parties involved.”

For further information regarding topics discussed in this article please contact Texas Energy Group, LLC directly via their Investor Relations Department; (877) 893-6749 or visit them on the web where you can sign up for the TEG (corporate) mailing list and receive up to date information on general TEG activities, including all TEG press releases.

About TEG

Texas Energy Group, LLC (TEG) is an Austin, Texas based oil and gas exploration and development company specializing in bringing industry prospects to the private investor. With company principals having over 24 years of involvement in the oil and gas industry, TEG has been involved in numerous ventures and partnerships, including ownership of two operating companies that have operated numerous projects from North Dakota to Texas.

TEG (texasenergygroup.com) has been fortunate to assemble a highly qualified network of geologists, engineers, geo scientists, and operators who have ultimately played a huge role in the company's success. With thanks to their highly educated and experienced team, TEG has created a proven track record of success.

The company has pursued a policy of drilling lower-risk oil and gas prospects, usually located in areas of proven production. Through TEG's unique multi-well projects, they are able to minimize their investors' risk by extending the investment across multiple wells, increasing the investors' probability for success. TEG also adheres to a stringent project selection process in an effort to further mitigate investment risks. Under their stringent project selection process, TEG requires all of their prospective projects to past rigorous geological analyses performed by their experienced team of geologists and geo scientists.

More recently, TEG has taken this same lower-risk business model and adapted it to fit within the managed fund structure that its newly formed affiliate company, Spicewood Energy Management, LLC, now offers. Through registered Limited Partnerships, SEM is able to offer its qualified participants the same multi-well diversification and IDC tax benefits, while providing a structure which allows the investors truly preferential cash flow and capital preservation.

Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Texas Energy Group, LLC (TEG) or Spicewood Energy Management, LLC (SEM). 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/announcement/document, a Memorandum, or the TEG & SEM websites, including, but not limited to, 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/document, a Memorandum, or the TEG & SEM websites 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, a Memorandum, or the TEG & SEM websites might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, TEG & SEM, its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG & SEM activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. TEG & SEM do not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.

 
 
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Written by / Agency / Source: Texas Energy Group, LLC

 
 

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Aztec Oil and Gas Drops Lawsuit Against Former President Waylan Johnson

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Publisher Contact: A Escalera - TexasEnergyGroup.com 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Texas Energy Group, LLC securities in any jurisdiction including any other companies listed or named in this release.

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