Contango Oil & Gas (MCF) Posts Q4 GAAP Loss of $5.85/Share

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Go back to Contango Oil & Gas (MCF) Posts Q4 GAAP Loss of $5.85/Share

Contango Announces Fourth Quarter and Year Ended 2015 Financial Results

March 14, 2016 11:05 AM EDT

HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) (Contango or the Company) announced today its financial results for the fourth quarter and year ended December 31, 2015.

Fourth Quarter Highlights

Production of 8.0 Bcfe for the quarter, or 86.7 Mmcfed; within guidance Adjusted EBITDAX, on a recurring basis, of $11.1 million for the quarter Completion of the Popham #1H well in our North Cheyenne prospect, in Weston County, Wyoming, testing at a peak 24-hour maximum rate of 970 BOEPD Year-end debt of $115.4 million,... More