Volatility in shares of Contango Oil & Gas (MCF +0.5%) is attributed to the announcement...

|About: Contango Oil and Gas Company (MCF)|By:, SA News Editor

Volatility in shares of Contango Oil & Gas (MCF +0.5%) is attributed to the announcement that it has plugged and abandoned the Ship Shoal 134 prospect well after reaching total depth and finding no commercial hydrocarbons. MCF expects to incur ~$29M to drill, plug and abandon the well.