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Aztec Oil & Gas, Inc.
Aztec Oil & Gas Announces Update on Fracing Program for New Wells
HOUSTON, April 21, 2005 (PRIMEZONE) -- Aztec Oil & Gas, Inc. (OTCBB:AZGS) announced today that according to Maverick Energy, operator of the Z2 LLC leases, the fracing of the first two of the four (4) new infield oil wells recently drilled by the Big Foot 2004-1 Drilling Program LP on the Z2 LLC properties (in which Aztec holds a 31.283% working interest) has been completed. Maverick further confirmed that the swabbing (recovery of fracing fluids from the wells) of those wells is nearing completion. These four (4) wells are the first wells funded in accord with Aztec's business model that calls for participation from outside investors to assume the cost of drilling wells in exchange for a part of the revenues derived from the wells they finance.
Harsco Reports Record First Quarter Sales and EPS From Continuing Operations
HARRISBURG, Pa., April 21, 2005 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) today reported record diluted earnings per share (EPS) from continuing operations of $0.55 in the first quarter of 2005, an increase of 34 percent from $0.41 in the first quarter of 2004. Income from continuing operations was $23.1 million, compared with $16.9 million last year, an increase of 37 percent. Overall operating margins improved by 80 basis points to 7.4 percent in the first quarter 2005 from 6.6 percent in last year's comparable period. First quarter sales totaled $640 million, also a record, up 15 percent from sales of $556 million in the same period last year. Positive foreign currency translation contributed approximately $16 million to this year's first quarter sales and $1.3 million to pre-tax income.