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Contango's Largest Shareholder Named Non-Executive Chairman; New SVP Tapped

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Contango's Largest Shareholder Named Non-Executive Chairman; New SVP Tapped

Contango Oil & Gas Co. announced that John C. Goff, a current director and the Company's largest shareholder, has been appointed Non-Executive Chairman of the Board of Directors.

Mr. Goff replaces Joe Romano, who will remain on the Board as a director.

Contango also announced it has named Farley Dakan as its Senior Vice President Corporate Development. In his new role at Contango, Mr. Dakan will report to Wilkie S. Colyer, Contango's President & CEO, and will be responsible for the integration of the Company's recent acquisitions, as well as the identification, evaluation, financing and integration of future acquisitions as part of the Company's consolidation strategy.

About Dakan

Mr. Dakan has extensive experience in management, advisory and board roles with both private and public companies in a number of different industries. Immediately prior to joining Contango, Mr. Dakan was founder, owner and CEO of Will Energy Corporation, which recently entered into a Contribution and Purchase Agreement for the sale of its oil and gas asset portfolio to Contango. Prior to founding Will Energy Corporation, Mr. Dakan's advisory and management roles were in support of clients such as Wells Fargo, Fortress Investment Group, Goldman Sachs, Credit Suisse and numerous other investment firms and corporations. Mr. Dakan began his career with a predecessor firm of Ernst & Young and graduated with a degree in finance from Baylor University.


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