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Contango Announces Second Quarter 2020 Earnings Release Schedule

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Contango Oil & Gas Company (NYSE American: MCF) has announced a delay in its second quarter earnings due to challenges associated with COVID-19. The company filed a Form 12b-25 for an extension on its Quarterly Report on Form 10-Q, now expected to be released on August 19, 2020, before market opening. Management plans to hold a conference call at 8:00 am CDT on the same day to discuss earnings results. This proactive communication aims to keep investors informed despite operational challenges.

Positive
  • Company is proactively addressing delays in earnings reporting due to COVID-19.
  • Earnings announcement scheduled for August 19, 2020, provides a clear timeline for investors.
Negative
  • Delay in earnings release may indicate underlying operational challenges.

HOUSTON, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its second quarter earnings release schedule.

Second Quarter 2020 Earnings Release Schedule

In anticipation of delays expected in finalizing its earnings for the second quarter due to its work-from-home strategy related to COVID-19 and related matters, the Company timely filed a Form 12b-25 extension for filing its Quarterly Report on Form 10-Q for the second quarter of 2020.  The Company currently plans to release its second quarter 2020 earnings prior to the market opening on Wednesday, August 19, 2020, and will host a conference call with investors immediately following the release.

Teleconference Call

Contango management will hold a conference call to discuss the information described in this press release on Wednesday, August 19, 2020 at 8:00 am Central Daylight Time. Those interested in participating in the earnings conference call may do so by clicking here to join and entering your information to be connected. The link becomes active 15 minutes prior to the scheduled start time, and the conference will call you. If you are not at a computer, you can join by dialing 1-800-309-1256, (International 1-323-347-3622) and entering participation code 404407. A replay of the call will be available Wednesday, August 19, 2020 at 11:00am CDT through Tuesday, August 25, 2020 at 11:00am CDT by clicking here.

About Contango Oil & Gas Company

Contango Oil & Gas Company is a Houston, Texas based, independent oil and natural gas company whose business is to maximize production and cash flow from its offshore properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas, Oklahoma, Louisiana and Wyoming and, when determined appropriate, to use that cash flow to explore, develop, exploit, and increase production from its existing properties, to acquire additional PDP-heavy crude oil and natural gas properties or to pay down debt. Additional information is available on the Company's website at http://contango.com. Information on our website is not part of this release.

Contact:
Contango Oil & Gas Company
E. Joseph Grady – 713-236-7400
Senior Vice President and Chief Financial and Accounting Officer


FAQ

What is the timeline for Contango Oil & Gas Company's second quarter earnings release for 2020?

Contango plans to release its second quarter 2020 earnings on August 19, 2020, before the market opens.

Why is there a delay in the earnings release for MCF?

The delay is due to challenges related to COVID-19 and the company's work-from-home strategy, prompting a Form 12b-25 filing.

When will the conference call regarding Contango's earnings take place?

The conference call will be held on August 19, 2020, at 8:00 am Central Daylight Time.

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