UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report November 18, 2005
(Date of earliest event reported) November 14, 2005
CONTANGO OIL & GAS COMPANY
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 001-16317 95-4079863
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3700 BUFFALO SPEEDWAY, SUITE 960
HOUSTON, TEXAS 77098
(Address of principal executive offices)
(713) 960-1901
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On November 14, 2005, the Company announced financial results for the
quarter ended September 30, 2005.
Contango Oil & Gas Company (AMEX:MCF) reported net income attributable
to common stock for the three months ended September 30, 2005 of $0.1 million,
or $0.01 per basic and diluted share, compared to net income attributable to
common stock for the three months ended September 30, 2004 of $1.4 million, or
$0.11 per basic and diluted share. Natural gas and oil sales from continuing and
discontinued operations for the three months ended September 30, 2005 were $1.2
million, down from $6.7 million for the three months ended September 30, 2004.
The decrease in revenue was primarily the result of the sale of our south Texas
natural gas and oil interests completed in December 2004. The $1.2 million of
revenue for the current quarter reflects primarily production from new reserves
and production from south Texas properties not included in the sale. EBITDAX was
$0.7 million for the three months ended September 30, 2005, down from EBITDAX
for the three months ended September 30, 2004 of $5.0 million.
ITEM 5.02. RETIRING DIRECTOR
On November 18, 2005, Contango Oil & Gas Company announced at it Annual
Meeting of Stockholders, the retirement of Joseph S. Compofelice as director,
effective November 18, 2005.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit No. Description of Document
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99.1 Press release dated November 14, 2005.
99.2 Press release dated November 18, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CONTANGO OIL & GAS COMPANY
Date: November 18, 2005 By: /s/ KENNETH R. PEAK
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Kenneth R. Peak
Chairman and Chief Executive Officer