Contango Oil & Gas and Crimson Exploration jointly announced today that they have formally closed their previously announced merger. The combined company will be a well-positioned Houston-based independent oil and gas company with a balanced offshore Gulf of Mexico and onshore Texas production profile. Both Contango and Crimson stockholders voted [...]
Contango Oil & Gas Company (NYSE MKT: MCF) reported today that for the three months ended June 30, 2013, the Company had net income attributable to common stock of approximately $11.4 million, or $0.75 per basic and diluted share, compared to net income attributable to common stock for the three months ended June 30, 2012 of approximately $9.3 [...]
Contango Oil & Gas Company (NYSE MKT: MCF) and Crimson Exploration Inc. (NasdaqGM: CXPO) jointly announced today that the registration statement on Form S-4 and related joint proxy statement regarding their proposed merger has been declared effective by the Securities and Exchange Commission (the “SEC”). Each company will hold a special meeting on [...]
Contango Oil & Gas Company (NYSE MKT:MCF) today announced an exploration discovery at its South Timbalier 17 prospect, located in State of Louisiana waters and operated by Contango Operators, Inc. (“COI”), a wholly-owned subsidiary of the Company. The well was drilled to a total measured depth of approximately 11,400 feet and the wireline logs of [...]
Contango Oil & Gas announced today that Alta Energy had recently signed a contract to sell its interest in over 67,000 acres in the Kaybob Duvernay in Alberta, Canada. Proceeds from the sale are expected to be approximately $29 million, net to the Company. The sale is expected to close in October after satisfaction of a number of closing [...]
Contango Oil & Gas Company announced today that the Company’s Vermilion 170 well has resumed production and as of June 12, 2013, was producing approximately 9.7 million cubic feet equivalent per day, net to Contango. This well had been shut-in since late January 2013 for workover operations, which were recently successfully completed. The Company’s [...]
Contango reported net income for the quarter ended March 31, 2013 of approximately $3.9 million, or $0.25 per basic and diluted share, compared to net income for the same period last year of approximately $14.7 million, or $0.96 per basic and diluted share. On a pre-tax basis, income for the quarter ended March 31, 2013 was approximately $7.2 [...]
Contango and Crimson jointly announced today that they have signed a merger agreement for an all-stock transaction pursuant to which Crimson would become a wholly owned subsidiary of Contango. Upon consummation of the merger, each share of Crimson stock will be converted into 0.08288 shares of Contango stock resulting in Crimson stockholders owning [...]
It is with great sadness that Contango announces that the Company’s founder and visionary, Mr. Kenneth R. Peak, passed away Friday evening at the age of 67, in the company of his family. Mr. Peak was diagnosed with an inoperable brain tumor in August 2012 that he was no longer able to battle. Our hearts go out to the entire Peak family and to all [...]
Contango Oil & Gas Company announced today that the Company’s wholly-owned subsidiary, Contango Operators, Inc., was the apparent high bidder on each of the three lease blocks, representing two prospects, bid at the Central Gulf of Mexico Lease Sale 227 held on March 20, 2013. The Company bid a total of approximately $1.7 million on the following [...]
Contango reported net income for the quarter ended December 31, 2012 of approximately $2.6 million, or $.17 per basic and diluted share, compared to net income for the same period last year of approximately $19.5 million, or $1.27 per basic and diluted share. Joseph J. Romano, the Company’s President and Chief Executive Officer, said, “Our earnings [...]
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