28 Apr 2016director interest notice● Neutral
CONTANGO OIL & GAS CO VP & Treasurer Sergio Castro received 3,400 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Apr 2016director interest notice● Neutral
CONTANGO OIL & GAS CO SVP and CFO E Joseph Grady received 24,518 shares as part of the equity award.
28 Apr 2016director interest notice● Neutral
CONTANGO OIL & GAS CO SVP - Operations Anthony Carl Isaac received 19,614 shares as part of the equity award.
28 Apr 2016director interest notice● Neutral
CONTANGO OIL & GAS CO President and CEO Allan D Keel received 51,486 shares as part of the equity award.
28 Apr 2016director interest notice● Neutral
CONTANGO OIL & GAS CO SVP - Engineering Jay S Mengle received 18,388 shares as part of the equity award.
28 Apr 2016director interest notice● Neutral
CONTANGO OIL & GAS CO VP/Secretary/General Counsel John Anthony Thomas received 4,300 shares as part of the equity award.
28 Apr 2016director interest notice● Neutral
CONTANGO OIL & GAS CO Chief Accounting Officer Denise Dubard received 4,300 shares as part of the equity award.
10 Feb 2016substantial holder notice● Neutral
The Vanguard Group reported a CONTANGO OIL & GAS CO shareholding of 771,177 shares (3.97% of votes) in a periodic institutional filing.
26 Jan 2016substantial holder notice● Neutral
BlackRock, Inc reported a CONTANGO OIL & GAS CO shareholding of 1,687,426 shares (8.70% of votes) in a periodic institutional filing.
11 Feb 2015substantial holder notice● Neutral
The Vanguard Group reported a CONTANGO OIL & GAS CO shareholding of 1,049,886 shares (5.41% of votes) in a periodic institutional filing.
26 Jan 2015substantial holder notice● Neutral
BlackRock, Inc reported a CONTANGO OIL & GAS CO shareholding of 1,482,494 shares (7.70% of votes) in a periodic institutional filing.
31 Oct 2014debt financing▲ GoodMajor
On October 28, 2014 Contango amended its credit agreement a second time. Interest margins are reset to a sliding scale (LIBOR loans 1.50%-2.50%, versus 1.75%-2.75% originally), and the borrowing base is reaffirmed at $275 million. The company may also spend up to $39.215 million buying back its own shares, provided no default exists and borrowing stays at or below 90% of the borrowing base, and it may use loan proceeds for this. This is the first time the credit facility has allowed share buybacks; the earlier terms restricted dividends.
16 July 2014material agreement termination● Neutral
After director John B. Juneau resigned from the board, Contango's subsidiary Contaro and Juneau Exploration, L.P. ended on July 15, 2014 their advisory agreement on Contaro's investment in Exaro Energy III LLC. Neither side has further rights or obligations under it. This ends a link to a director who had been tied to the company's prospect generation and Exaro; the filing does not give a reason for the resignation.
14 May 2014quarterly activities report▼ Bad
CONTANGO OIL & GAS CO reported a quarterly net loss of $10.2 million for the period ended 2014-03-31.
12 May 2014quarterly activities report▼ Bad
CONTANGO OIL & GAS CO reported a quarterly net loss of $10.2 million for the period ended 2014-03-31.
12 May 2014quarterly activities report▼ Bad
CONTANGO OIL & GAS CO reported a quarterly net loss of $10.2 million for the period ended 2014-03-31.
15 Apr 2014debt financing● Neutral
On April 11, 2014 Contango and its lenders, led by Royal Bank of Canada, amended the October 2013 credit agreement. The first $150 million of new debt issued is now permanently excluded from the automatic 25% cut to the borrowing base; only debt above $150 million triggers the 25% reduction. This amends the facility set up at the Crimson merger close.
12 Feb 2014substantial holder notice● Neutral
The Vanguard Group reported a CONTANGO OIL & GAS CO shareholding of 843,528 shares (5.55% of votes) in a periodic institutional filing.
31 Jan 2014substantial holder notice● Neutral
OCM GW Holdings, LLC, OCM Principal Opportunities Fund III, L.P.*, OCM Principal Opportunities Fund III GP, L.P.*, Oaktree Fund GP I, L.P.*, Oaktree Capital I, L.P.*, OCM Holdings I, LLC*, Oaktree Holdings, LLC*, Oaktree Capital Group, LLC*, Oaktree Capital Group Holdings GP, LLC*, OCM Crimson Holdings, LLC, OCM Principal Opportunities Fund IV, L.P.* reported a CONTANGO OIL & GAS CO shareholding of 1,287,732 shares (6.80% of votes) in a periodic institutional filing.
28 Jan 2014substantial holder notice● Neutral
BlackRock, Inc reported a CONTANGO OIL & GAS CO shareholding of 1,332,758 shares (8.80% of votes) in a periodic institutional filing.
23 Dec 2013substantial holder notice● Neutral
I.R.S. IDENTIFICATION OF ABOVE PERSON Estate of Kenneth R. Peak, I.R.S. IDENTIFICATION OF ABOVE PERSON Donna Ungermannova Peak, I.R.S. IDENTIFICATION OF ABOVE PERSON Michael Peak reported a CONTANGO OIL & GAS CO shareholding of 1,521,000 shares (8.00% of votes) in a periodic institutional filing.
12 Nov 2013business combination● Neutral
Contango filed Crimson's unaudited financial statements and management discussion for the three and nine months ended September 30, 2013, as follow-up to the October 1, 2013 merger. For the nine months Crimson reported revenues of $92.5M and a net loss of $10.3M; for the quarter, revenues of $31.6M and a net loss of $6.1M. At September 30 it had $229.9M of long-term debt, which the filing's context shows was refinanced at the merger close. These are Crimson's pre-merger results, not Contango's.
31 Oct 2013substantial holder notice● Neutral
OCM GW Holdings, LLC, OCM Principal Opportunities Fund III, L.P.*, OCM Principal Opportunities Fund III GP, L.P.*, Oaktree Fund GP I, L.P.*, Oaktree Capital I, L.P.*, OCM Holdings I, LLC*, Oaktree Holdings, LLC*, Oaktree Capital Group, LLC*, Oaktree Capital Group Holdings GP, LLC*, OCM Crimson Holdings, LLC, OCM Principal Opportunities Fund IV, L.P.* disclosed a new substantial CONTANGO OIL & GAS CO shareholding (6.80% of votes).
2 Oct 2013asset acquisition disposition● NeutralMajor
On October 1, 2013 Contango completed its merger with Crimson, which is now a wholly owned subsidiary. Crimson holders receive 0.08288 Contango shares per share (up to about 3.9 million shares in total), and existing Contango shares stay outstanding. Contango also signed a new four-year secured credit facility of up to $275 million with Royal Bank of Canada as agent, with $110 million borrowed at October 1, and used it to refinance its own $40 million Amegy facility and Crimson's first-lien ($400M capacity) and $175M second-lien loans, which were terminated. The board is now eight members (five Contango, three former Crimson), with Jay Brehmer resigning. Allan Keel became President and CEO, replacing Romano in those roles, and E. Joseph Grady became CFO, replacing Castro. Romano, Castro and Duncan resigned as officers 'in connection with the Merger'. This resolves the pending merger thread and ends the Amegy facility. The filing text shown is cut off, so other items (charter changes, vote results) are not visible.
23 Aug 2013securities registration● Neutral
CONTANGO OIL & GAS CO filed the final prospectus for a registered offering.
23 Aug 2013business combination● NeutralMajor
Contango filed the definitive joint proxy statement/prospectus for the Crimson merger, dated August 22, 2013 and first mailed about August 26. Contango shareholders vote on October 1, 2013 (record date August 20) on issuing shares to Crimson holders, at 0.08288 Contango shares per Crimson share, leaving existing Contango holders with about 79.7% and their shares unchanged. The Peak estate, Brad Juneau and certain executives, holding about 10.6%, have agreed to vote in favour, and Crimson holders tied to Oaktree and Crimson executives, about 37.25% of Crimson, have agreed to vote in favour. The Contango board unanimously recommends a yes vote. This fills in the meeting dates left blank in the earlier drafts, and the Crimson support figure is now 37.25% where the context had held about 38.8%.
20 Aug 2013business combination● Neutral
Contango filed Amendment No. 3 to the Crimson merger registration statement. The visible text covers only the indemnification of directors and officers, exhibits and legal undertakings; it shows no new deal terms, and what changed from Amendment No. 2 is not visible in the excerpt. The merger process continues.
14 Aug 2013business combination● Neutral
This 8-K is filed by Crimson (not Contango) and attaches a press release: Crimson stockholders of record at the close of business on August 20, 2013 can vote on the merger, and the special meeting is expected in early October 2013. It says completion still needs Crimson stockholder approval and other conditions. This continues the pending Crimson merger and gives the first expected meeting timing.
14 Aug 2013business combination● Neutral
Contango filed Amendment No. 2 to the Crimson merger registration statement. The visible text again shows the same terms (0.08288 fixed exchange ratio, 79.7%/20.3% split) and is still preliminary, with meeting dates and voting-support percentages blank. The excerpt does not show what changed, and the registration is not yet declared effective. The merger remains pending ahead of the shareholder votes.
24 July 2013business combination● Neutral
Contango filed Amendment No. 1 to the Crimson merger registration statement. The visible text repeats the same terms (0.08288 exchange ratio, 79.7%/20.3% ownership split) and is still marked preliminary, with meeting dates and voting-support percentages blank. The excerpt does not show what changed from the June filing, and the registration is not yet effective. The merger process is continuing.