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 onshore and offshore in the shallow waters of the Gulf of Mexico. Contango Operators, Inc. (“COI”), our wholly-owned subsidiary, acts as operator on certain offshore prospects.
The Company has approximately 15.2 million shares of common stock outstanding and no options. Management and the Board of Directors own approximately 13.1% of the Company's shares.