| Business Summary | | Contango
Oil
&
Gas
Co.
is
a
development-stage,
independent
natural
gas
and
oil
company
engaged
in
the
exploration,
development
and
acquisition
of
natural
gas
and
oil
properties
in
the
United
States.
The
Company's
entry
into
the
natural
gas
and
oil
business
began
on
July
1,
1999,
and,
at
June
30,
2000,
the
Company
had
proved
reserves
of
approximately
3.5
billion
cubic
feet
of
natural
gas
equivalents,
consisting
of
approximately
2.7
billion
cubic
feet
of
natural
gas
and
137,000
barrels
of
oil
and
condensate,
with
a
pre-tax
present
value
discounted
at
10%
per
annum
of
approximately
$12.3
million.
The
Company's
exploration
efforts
currently
are
focused
offshore
on
the
continental
shelf
of
the
Gulf
of
Mexico
and
the
onshore
Gulf
coast
region,
in
water
depths
of
less
than
300
feet.
These
onshore
activities
are
concentrated
in
a
five-county
Texas
area
including
Wharton,
Colorado,
Ft.
Bend,
Jim
Hogg
and
Brooks
counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Contango
Oil
and
Gas
Company
is
a
development
stage,
independent
energy
company
engaged
in
the
exploration
for
and
production
of
oil
and
natural
gas.
For
the
nine
months
ended
3/31/01,
revenues
totalled
$15.1
million,
up
from
$30
thousand.
Net
income
applicable
to
Common
totalled
$4.9
million
vs.
a
loss
of
$687
thousand.
Revenues
reflect
the
inclusion
of
oil
and
gas
operations.
Earnings
also
reflect
an
increase
in
interest
income
attributable
to
increases
in
cash
balances. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kenneth Peak, 55 Chairman,
Pres, CEO, Chief Financial Officer, Sec. | $140K | William Gibbons, 57 VP | -- | Kaci Brubaker, 27 Director
of Admin. | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|