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 (Date of earliest event reported) May 15, 2006
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 May 15, 2006, the Company announced financial results for the quarter
ended March 31, 2006.
Contango Oil & Gas Company (AMEX:MCF) reported net income attributable to
common stock for the three months ended March 31, 2006 of $0.7 million, or $0.05
per basic and diluted share, compared to a net loss attributable to common stock
for the three months ended March 31, 2005 of $1.2 million, or $0.09 per basic
and diluted share. The increase was attributable to an increase in crude oil and
natural gas prices and an increase in our oil production.
Net income attributable to common stock for the nine months ended March 31,
2006 was $0.4 million, or $0.03 per basic and diluted share, compared to net
income attributable to common stock for the nine months ended March 31, 2005 of
$13.4 million, or $1.02 per basic and diluted share, which included a gain on
the sale of discontinued operations of $16.3 million, from the sale of our south
Texas natural gas and oil interests that was completed in December 2004.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit No. Description of Document
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99.1 Press release dated May 15, 2006.
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: May 15, 2006 By: /s/ KENNETH R. PEAK
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Kenneth R. Peak
Chairman and Chief Executive Officer
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