Contango Oil &Gas Company Appoints William H. Gibbons as Treasurer and Assistant Secretary.

Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--Feb. 9, 2000

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). :BTUX) announced today that William H. Gibbons Famous people named Gibbons include:

Beth Gibbons (born 1965), British singer
Billy Gibbons, guitarist for ZZ Top
Cedric Gibbons (1893–1960), American art director
Christopher Gibbons (1615 - 1676), English composer, son of Orlando

has been appointed Treasurer and Assistant Secretary. Mr. Gibbons has twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights.
2. of oil and gas finance experience. Kenneth R. Peak, President, stated, &uot;I have known Bill for a number of years and I am excited about the work ethic, drive and experience that Bill brings to Contango.&uot;

This news release contains forward-looking statements 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, price volatility, production levels, closing of the transaction, 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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Publication:	Business Wire
Date:	Feb 9, 2000
Words:	158
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