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April 9 Contango Oil & Gas (MCF -3.4%) gains after entering into an agreement to form Exaro Energy III LLC. Under the agreement, the company will invest up to $82.5M in Exaro over the next five years, giving it approximately 45% interest in Exaro.
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Company Description
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... More