Aztec Oil & Gas Inc. reported consolidated earnings results for the third quarter and nine months ended May 31, 2012. The company showed oil and natural gas sales increasing 43.6% for the quarter ended May 31, 2012 as compared to the same quarter period of 2011. Net loss was decreased by 38.1% to $319,659 for the quarter ended May 31, 2012 as compared to the comparable three months of 2011. It might be noted that the company's earnings are impacted by, among other things, favorable non-cash write-offs attributable to its increasing drilling and production activity.

For the nine months, the company's oil and natural gas sales was increased 74.2% to $2,392,083 compared to the like period in 2011.