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Follow on Google News | Aztec Oil and Gas Drops Lawsuit against Former President Waylan JohnsonTexas Energy Group, LLC (TEG) is pleased to announce that Aztec Oil & Gas, Inc. has completely dismissed its lawsuit against Waylan Johnson.
By: Texas Energy Group, LLC 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 at www.TexasEnergyGroup.com 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. Emails may be directed to Info@TexasEnergyGroup.com 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 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/ End
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