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Contango Names New Director, President & CEO

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Contango Oil & Gas Company has reported that the Company had expanded its Board to seven Directors and elected Mr. Joseph J. Romano as a Director, President and Chief Executive Officer.

Mr. Brad Juneau, owner and general manager of Juneau Exploration L.P., the Company’s advisor in all its exploration activities, will remain a Director of the Company and continue to oversee the Company’s operations. Mr. Kenneth R. Peak, the founder of the Company, remains on a medical leave of absence.

Mr. Juneau commented, "Ken has expressed to me his desire that the Company continue to execute its business plan with the appointment of a permanent CEO. Ken will remain Chairman and will continue to be a valuable player in the Company he founded and loves so much."

Joe Romano said, "I am excited to have the…

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