Contango Oil & Gas Company (MCF) Reports Fiscal 2010 Financial Results and Operations Update
Contango Oil & Gas Company released financial results for the recently ended fiscal year and an update on the company’s oil and gas exploration and development activities. Contango Oil & Gas Company reported revenue of $160.7 million in the fiscal year ending 6/30/2010, compared to $190.7 million in fiscal 2009. The company reported net income of $49.7 million, or $3.08 per diluted share, in fiscal 2010, compared to net income of $55.9 million, or $3.35 per diluted share, in fiscal 2009. Current production for Contango Oil & Gas Company is approximately 105 million cubic feet of natural gas equivalents per…