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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) October 12, 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 8.01. OTHER EVENTS
Contango Oil & Gas Company (AMEX:MCF) today announced an exploration
discovery at its Dutch prospect ("Eugene Island 10"), located offshore Louisiana
and operated by Contango Operators, Inc. ("COI"), a wholly-owned subsidiary of
the Company.
A production liner has been set, electric logs run, and the Company is
continuing to drill further. Contango's independent third party engineer
estimates this well to have proved reserves net to Contango of 25 billion cubic
feet equivalent ("Bcfe"). Completion and testing operations have not yet begun,
but first production is estimated to commence by the end of the year. Estimated
costs net to Contango to bring this well to full production status are $2.7
million.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit No. Description of Document
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99.1 Press release dated October 12, 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: October 13, 2006 By: /s/ KENNETH R. PEAK
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Kenneth R. Peak
Chairman and Chief Executive Officer