Contango Oil & Gas Company Approval For Listing on the American Stock Exchange.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Jan. 12, 2001 Contango Contango When the futures price is above the expected future spot price. Consequently, the price will decline to the spot price before the delivery date. Notes: This is the opposite of backwardation. Oil & Gas Company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CTGO) announced today that it had received approval for listing on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . Trading of Contango's common stock is expected to commence on the Exchange under the new symbol, "MCF," on Jan. 18, 2001. The company has selected Spear, Leeds & Kellogg as its specialist/market maker. The company's common stock will continue to trade on the Nasdaq Over-the-Counter Bulletin Board under the symbol "CTGO" until trading commences on the American Stock Exchange. Kenneth R. Peak, chairman and chief executive officer, stated, "We are extremely pleased with the American Stock Exchange's approval to list our common stock. As we grow and expand our operations, this is an important milestone in our becoming a more visible publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . We believe an auction market that combines a specialist/market maker with state of the art trading technology will optimize Contango's trading efficiency, reliability and liquidity for our stockholders." Contango is a Houston-based, development stage, independent natural gas and oil company. The company explores and acquires natural gas and oil properties primarily in the onshore Gulf Coast and offshore Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . Additional information can be found on our Web page at www.contango-oandg.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, oil and gas exploration risks, price volatility, production levels, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur. |
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