Contango Oil & Gas Company Forward Looking Information
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The following presentation contains “forward-looking statements” and is made pursuant to the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. Oil and gas activities are subject to risks and uncertainties inherent in the exploration, development, operation and marketing of oil and natural gas. These risks include, but are not limited to, volatility of products, prices, uncertainties in reserve estimates, drilling risks, operations and production risks and environmental issues. Results could vary materially from the forward-looking information. You are cautioned that such forward-looking statements should be read in conjunction with the available company information, including the most recent Form 10-K and Form 10-Q.
The SEC permits oil and gas companies to disclose in their filings with the SEC only "proved" reserves, which are reserve estimates that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Contango uses in this press release the term "probable" reserves, which SEC guidelines prohibit from being included in filings with the SEC. Probable reserves are unproved reserves which are more likely than not to be recoverable. Estimates of probable reserves which may potentially be recoverable through additional drilling or recovery techniques are by their nature more uncertain than estimates of proved reserves and accordingly are subject to substantially greater risk of not actually being realized by the Company.
Number of discoveries
Small Medium Large
Black swans are highly nomadic. There is no set migratory pattern, but rather opportunistic responses to either rainfall or drought
Black swans mate for life and unlike white swans
build their nest’s in colonies
“There is a big difference between mostly dead and all dead.”
Miracle Max – The Princess Bride
“Those who know it best have been disappointed the most and love it the least.”
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Fayetteville Shale Activity
The female black swan lays 4-8 eggs which both parents incubate.
“The reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can.”
Nassim Nicholas Taleb
MCF IS NATURAL GAS