Contango is a Houston-based, independent natural gas and oil company. The Company's business is to explore, develop, produce and acquire natural gas and oil properties primarily offshore in the Gulf of Mexico. Contango Operators, Inc. (“COI”), our wholly-owned subsidiary, acts as operator on certain offshore prospects.

The Company has approximately 15.8 million shares of common stock outstanding, plus an additional 0.7 million shares reserved for exercise of options currently outstanding. Management and the Board of Directors own 24% of the Company's fully diluted shares. We have seven employees.