Contango Oil & Gas Company as a result of the decline in commodity prices in the last several days, and especially oil prices, today provides a brief update on its response to that decline. The Company has consistently been diligent in protecting the vast majority of expected cash flow from such commodity price declines, as evidenced by the fact [...]
Contango Oil & Gas Company today announced that it has closed its previously announced private placement of 19,000,000 shares of common stock and 2,340,000 shares of Series C preferred stock. The Company received gross proceeds of approximately $53.35 million, which it intends to use for general corporate purposes, including capital expenditures [...]
Contango Oil & Gas Company today announced the execution of agreements with a select group of institutional and accredited investors, including certain funds and accounts advised by T. Rowe Price Associates, Inc., to sell 19,000,000 shares of common stock in a private placement. Concurrently with the common stock offering, the Company entered into [...]
Contango Oil & Gas Company announced today that the Company entered into a Joint Development Agreement with Juneau Oil & Gas, LLC to develop certain exploration prospects in the offshore Gulf of Mexico shelf. The Joint Development Agreement provides that the Company will have the right to acquire an interest in all of Juneau’s prospects [...]
Contango Oil & Gas Company announced today its financial results for the third quarter ended September 30, 2019 and provided an operational update. Third Quarter Highlights Replaced our maturing credit agreement with a new five-year revolving credit agreement with JPMorgan Chase Bank and other lenders Completed an underwritten public offering of [...]
Contango Oil & Gas Company announced today it expects to issue its third quarter 2019 earnings release on Tuesday, November 12, 2019, before the market opens. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Tuesday, November 12, 2019 at 8:00am Central Standard Time. Those [...]
Contango Oil & Gas Company announced today that the Company has completed its previously announced acquisition of certain assets and liabilities, including approximately 315,000 net acres located in the STACK, Anadarko and Cherokee operating districts in Oklahoma from White Star Petroleum, LLC and certain of its affiliates for a total purchase [...]
Contango Oil & Gas Company today announced that it has closed its previously announced private placement of 1,102,838 shares of Series B Contingent Convertible Preferred Stock. The Company received gross proceeds of approximately $22 million, including approximately $7 million from affiliates of John C. Goff, chairman of the board of directors [...]
Contango Oil & Gas Company today announced the execution of an agreement with a select group of institutional and accredited investors to sell 1,102,838 shares of Series B Contingent Convertible Preferred Stock in a private placement. The Company expects to receive gross proceeds of approximately $22 million, which will be used to fund a portion of [...]
Contango Oil & Gas Company announced today that the Company has completed its previously announced acquisition of approximately 159,872 net acres located in North Louisiana and the Western Anadarko Basin in Western Oklahoma and the Texas Panhandle from Will Energy Corporation for an aggregate consideration of $23 million. Following adjustments for [...]
Contango Oil & Gas Company announced that John C. Goff, a current director and the Company’s largest shareholder, has been appointed Non-Executive Chairman of the Board of Directors. Mr. Goff replaces Joe Romano, who will remain on the Board as a director. Mr. Goff said, “We thank Joe for his years of service as Chairman of the Board [...]
Contango Oil & Gas Company announced today that it has entered into an asset purchase agreement to acquire the assets of White Star Petroleum LLC and certain affiliates as a part of the White Star Chapter 11 bankruptcy, 363 sales process. The asset purchase agreement provides that Contango will acquire approximately 15 Mboe/d of production [...]
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