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


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.

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