Contango Oil & Gas Company today announced that it has priced a public offering of approximately 44.7 million shares of its common stock for total gross proceeds of $42.5 million. The underwriters have a 30-day option to purchase up to an additional approximately 6.7 million shares of common stock from the Company. The offering is expected to close [...]
Contango Oil & Gas Company today announced the launch of an underwritten public offering of shares of its common stock. The underwriters will have an option to purchase additional shares of common stock from the Company. Net proceeds from the offering are expected to be used to fund the cash portion of the purchase price for the previously [...]
COMMITMENT FOR NEW FIVE-Sept. 12, 2019 -- Contango Oil & Gas Company announced today that the Company has received a commitment from JPMorgan Chase Bank, N.A., Royal Bank of Canada and Cadence Bank, N.A. to provide a senior secured reserve-based revolving credit facility of up to $500 million , which is expected to replace the current credit [...]
Contango Oil & Gas Company announced today its financial results for the second quarter ended June 30, 2019 and provided an operational update. Second Quarter Highlights Production of 2.9 Bcfe for the quarter, or 32.3 Mmcfe per day, approximate mid-point of guidance Net loss of $5.0 million and EBITDAX of $4.4 million for the quarter. Adjusted [...]
Contango Oil & Gas Company announced today it expects to issue its second quarter 2019 earnings release, including an update on operations on Thursday, August 8, 2019, after the market closes. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Friday, August 9, 2019 at 8:00am Central [...]
Contango Oil & Gas Company announced today its financial results for the first quarter ended March 31, 2019 and provided an operational update. First Quarter Highlights Production of 3.2 Bcfe for the quarter, or 35.9 Mmcfed, within guidance Net loss of $8.6 million and Adjusted EBITDAX, on a recurring basis, of $5.4 million for the quarter 24 [...]
Contango Oil & Gas Company announced today it expects to issue its first quarter 2019 earnings release, including an update on operations on Wednesday, May 8, 2019, after the market closes. In conjunction with the release, Contango will conduct a conference call to discuss the contents of that release on Thursday, May 9, 2019 at 8:30am Central [...]
Contango Oil & Gas Company announced today that it is re-issuing its previous release that was made on March 18, 2019 to include certain disclosures that are required under the NYSE American Company Guide. Other than this additional disclosure, the content of this release is the same as the content of the release issued on March 18, 2019. Fourth [...]
Contango Oil & Gas Company announced today its financial results for the fourth quarter and year ended December 31, 2018. Fourth Quarter 2018 Highlights Production of 3.7 Bcfe for the quarter ; within previously provided guidance, despite late December weather related shut-ins Net loss of $33.8 million and Adjusted EBITDAX of $7.5 million for the [...]
Contango Oil & Gas Company announced today that Thomas H. Atkins, Senior Vice President – Exploration, and J. Stephen Mengle, Senior Vice President – Operations & Engineering, have left the Company effective February 4, 2019 to pursue other interests. Wilkie S. Colyer, President & Chief Executive Officer, stated: “We wish Tommy [...]
Contango Oil & Gas Company today announced that its Board of Directors has terminated its previously adopted Net Operating Loss Stockholder Rights Plan that it adopted on August 1, 2018. The Rights Plan, which was originally scheduled to expire on August 1, 2021, was designed to preserve certain net operating loss tax assets that could be used to [...]
Contango Oil & Gas Company today announced that it has priced a public offering of 7,500,000 shares of its common stock for total gross proceeds of $30 million. The underwriters have an option for 30 days to purchase up to an additional 1,125,000 shares of common stock from the Company. Proceeds from the offering are expected to be used to reduce [...]
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