Aztec Oil & Gas Inc. reported earnings results for the three months ended February 29, 2012. For the period, the company reported oil & gas sales increased by 57.3%, from $474,804 for the three months ending February 28, 2011 to $746,807 for the three months ending February 29, 2012. The company continued to post a net loss for the quarter due to, among other things, very favorable non-cash write offs attributable to its increasing drilling and production activity.