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FORT WORTH, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE:MCF) ("Contango" or the "Company") announced today its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights and Recent Developments Production sales of 2,426 MBoe for the third quarter of 2021, or 26.4 MBoe per day, compared to 1,587 MBoe, or 17.2 MBoe per day in the prior year quarter.Net loss was $15.2 million for the current year quarter, compared to a net loss of $6.8 million in the prior year quarter. Adjusting both quarters to exclude pre-tax, non-cash mark-to-market losses related to our commodity price derivatives of $35.5 million and $13.0 millio
FORT WORTH, Texas, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE:MCF) ("Contango" or the "Company") announced today that it plans to issue its third quarter 2021 earnings release after market close on Monday, November 15, 2021. Teleconference Call In light of the previously announced Special Meeting of Shareholders of Contango scheduled to be held on December 6, 2021, whereby Contango shareholders will vote on the Proposed Merger with Independence Energy, LLC, the Company will not host a conference call to discuss the contents of the third quarter earnings release. We expect to include in the earnings release sufficient information to allow interested parties to full
FORT WORTH, Texas, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE:MCF) ("Contango") today announced that it has set December 6, 2021 as the meeting date for the special meeting of its shareholders (the "Special Meeting") to approve its proposed business combination with Independence Energy LLC ("Independence "). The parties expect that the business combination will close on or about December 7, 2021, subject to approval of the business combination by Contango's shareholders and the satisfaction of other customary closing conditions. As previously announced, Contango and Independence have entered into a transaction agreement providing for the combination of Contango's b
FORT WORTH, Texas, April 29, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE:MCF) ("Contango" or the "Company") today announced the appointment of Karen Simon and Janet Pasque to its Board of Directors (the "Board") effective immediately. Ms. Simon brings extensive experience in investment banking and corporate finance, particularly in capital markets and private equity, to the Contango Board. In addition, Ms. Pasque adds immense knowledge to the Board due to her long-tenure in the oil and gas industry, especially in business development and land. Mses. Simon and Pasque' wide-ranging knowledge will foster the Company's drive to be a market leader in ESG initiatives. As part of
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FORT WORTH, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE:MCF) ("Contango" or the "Company") announced today its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights and Recent Developments Production sales of 2,426 MBoe for the third quarter of 2021, or 26.4 MBoe per day, compared to 1,587 MBoe, or 17.2 MBoe per day in the prior year quarter.Net loss was $15.2 million for the current year quarter, compared to a net loss of $6.8 million in the prior year quarter. Adjusting both quarters to exclude pre-tax, non-cash mark-to-market losses related to our commodity price derivatives of $35.5 million and $13.0 millio
FORT WORTH, Texas, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE:MCF) ("Contango" or the "Company") announced today that it plans to issue its third quarter 2021 earnings release after market close on Monday, November 15, 2021. Teleconference Call In light of the previously announced Special Meeting of Shareholders of Contango scheduled to be held on December 6, 2021, whereby Contango shareholders will vote on the Proposed Merger with Independence Energy, LLC, the Company will not host a conference call to discuss the contents of the third quarter earnings release. We expect to include in the earnings release sufficient information to allow interested parties to full
FORT WORTH, Texas, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE:MCF) ("Contango" or the "Company") today announced the successful completion of its previously announced acquisition of low decline, conventional gas assets in the Wind River Basin of Wyoming from ConocoPhillips. Highlights Assets acquired are PDP-heavy assets with a net production run rate of approximately 78 Mmcfe/d (100% gas), as of the effective date of the acquisition, and an expected 5% annual decline rate over the next 5 years.Significant potential for upside via Contango's track record of optimizing cash flow and reserves on acquired assets.Purchase price of $67 million, subject to customary pur
Stephens & Co. initiated coverage of Contango Oil & Gas with a rating of Overweight and set a new price target of $5.00
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