MCF - Contango Oil & Gas Co.

Contango Oil & Gas Company (Contango) is a natural gas and oil company. The Companys business is to explore, develop, produce and acquire natural gas and oil properties primarily offshore in the Gulf of Mexico. Contango Operators, Inc. (COI), its wholly owned subsidiary, acts as operator on certain offshore prospects. Contango, through its wholly owned subsidiary COI, and its partially-owned affiliate, Republic Exploration, LLC (REX), conducts exploration activities in the Gulf of Mexico. As of August 31, 2010, Contango, through COI and REX, had an interest in 28 offshore leases. The Companys offshore production consists of 11 wells located on federal and State of Louisiana leases in the shallow waters of the Gulf of Mexico. As of August 31, 2010, the Company-owned and operated platform at Eugene Island 11 was processing approximately 54 million cubic feet equivalent per day (Mmcfed), net to Contango.