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Contango to Present at Pritchard Capital Partners Energize 2011 Conference in San Francisco

^{Published on 2011-01-03 15:50:24 - Market Wire}
 

HOUSTON--([ BUSINESS WIRE ])--Contango Oil & Gas Company (NYSE Amex: MCF) announces today that the Companya™s Chairman and CEO, Kenneth R. Peak, will make a corporate presentation at the Pritchard Capital Partners Energize 2011 Conference in San Francisco on Wednesday, January 5, 2011 at 11:25 AM Pacific Time (1:25 PM Central Time). A copy of the PowerPoint presentation is now available on our website and includes information on both Contango Oil & Gas Company and Contango ORE, Inc. (OTCBB: CTGO). Details for the presentation, live broadcast and replay are as follows:

The Companya™s current production is approximately 103 million cubic feet equivalent per day, net to Contango. We have no debt, approximately $34 million in net available cash and $40 million of unused borrowing capacity.

Contango is a Houston-based, independent natural gas and oil company. The Companya™s core business is to explore, develop, produce and acquire natural gas and oil properties primarily offshore in the Gulf of Mexico. Additional information can be found on our web page at [ www.contango.com ].

This press release contains forward-looking statements regarding Contango that are intended to be covered by the safe harbor "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995, based on Contangoa™s current expectations and includes statements regarding acquisitions and divestitures, estimates of future production, future results of operations, quality and nature of the asset base, the assumptions upon which estimates are based and other expectations, beliefs, plans, objectives, assumptions, strategies or statements about future events or performance (often, but not always, using words such as "expects," aprojects,a "anticipates," "plans," "estimates," "potential," "possible," "probable," or "intends," or stating that certain actions, events or results "may," "will," "should," or "could" be taken, occur or be achieved). Statements concerning oil and gas reserves also may be deemed to be forward-looking statements in that they reflect estimates based on certain assumptions that the resources involved can be economically exploited. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those, reflected in the statements. These risks include, but are not limited to: the risks of the oil and gas industry (for example, operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to future production, costs and expenses; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; health, safety and environmental risks and risks related to weather such as hurricanes and other natural disasters); uncertainties as to the availability and cost of financing; fluctuations in oil and gas prices; risks associated with derivative positions; inability to realize expected value from acquisitions, inability of our management team to execute its plans to meet its goals, shortages of drilling equipment, oil field personnel and services, unavailability of gathering systems, pipelines and processing facilities and the possibility that government policies may change or governmental approvals may be delayed or withheld. Additional information on these and other factors which could affect Contangoa™s operations or financial results are included in Contangoa™s other reports on file with the Securities and Exchange Commission. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Contango does not assume any obligation to update forward-looking statements should circumstances or management's estimates or opinions change.