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Contango Announces Results Of Annual Meeting, Appoints Officers And Updates Operations

Contango Oil & Gas Company (NYSE Amex:MCF) announced today that the following directors were elected at the annual meeting of stockholders held on December 1, 2011:

Kenneth R. PeakB.A. BerilgenJay D. BrehmerCharles M. ReimerSteven L. Schoonover

Additionally, the Company’s board of directors has appointed the following officers of the Company:


Kenneth R. Peak

Chairman of the Board and Chief Executive Officer

Marc Duncan Safety, Environmental and Regulatory Compliance Officer
Sergio Castro Vice President, Chief Financial Officer, Treasurer and Secretary
Yaroslava Makalskaya

Vice President, Controller and Chief Accounting Officer
Charles Cambron Vice President of Operations

As of December 1, 2011, we had no debt, approximately $120 million in net available cash, $40.0 million of unused borrowing capacity, and were producing at a rate of approximately 86 million cubic feet equivalent per day, net to Contango.

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