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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) August 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)
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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
During July 2006, in the offshore Gulf of Mexico, we drilled two dry holes
at West Delta 43 ("Skip Jack") and High Island A-279 ("Juice"), had a discovery
at Grand Isle 70 ("Red Queen"), and spud our Eugene Island 10 ("Dutch") prospect
which is still currently drilling.
In our Arkansas Fayetteville Shale Play, our alliance partner, Alta
Resources LLC ("Alta") has now aggregated 44,000 net mineral acres and continues
to lease additional acreage. Contango has now committed to a total of 64 wells
in this play and expects this number to rise to 80 to 100 wells by the end of
this calendar year. Of these 64 wells, 15 wells are producing and 24 wells are
being drilled or awaiting completion. Of the 15 producing wells, 13 wells are
producing over 15 million cubic feet per day ("Mmcf/d"). Production data from
the remaining two wells is not yet available. Contango's average working
interest and net revenue interest in the 64 wells is 16.18% and 12.82%,
respectively.
ITEM 7.01 REGULATION FD DISCLOSURE
On August 16, 2006, Contango Oil & Gas Company (AMEX:MCF) Chairman and CEO,
Kenneth R. Peak, will make a corporate presentation at the EnerCom Oil & Gas
Conference in Denver, Colorado. Details for the presentation, live webcast and
replay are as follows:
Date & Time: Wednesday, August 16, 2006 at 3:55 p.m. Mountain Time
(4:55 p.m. Central Time)
Presenter: Kenneth R. Peak, Chairman and CEO
Live Webcast Address: http://www.investorcalendar.com/CEPage.asp?ID=107603
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Replay Address: www.contango.com (available shortly after presentation)
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This presentation contains forward-looking statements that involve risks
and uncertainties, and actual events or results may differ materially from
Contango's expectations. The statements reflect Contango's current views with
respect to future events that involve risks and uncertainties, including those
related to successful negotiations with other parties, oil and gas exploration
risks, price volatility, production levels, closing of transactions, capital
availability, operational and other risks, uncertainties and factors described
from time to time in Contango's publicly available reports filed with the
Securities and Exchange Commission.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit No. Description of Document
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99.1 Press release dated August 11, 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: August 15, 2006 By: /s/ KENNETH R. PEAK
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Kenneth R. Peak
Chairman and Chief Executive Officer