Contango Completes Workover on Mary Rose #2

Contango Oil & Gas Co.

Contango announced that the workover on its Mary Rose #2 well has been successfully completed and the Company is currently producing approximately 95.0 million cubic feet equivalent per day, net to Contango.

We remain debt-free and have approximately $23.0 million of cash on hand, and $50.0 million of unused borrowing capacity.