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Contango Extends Record Date for Special Dividend to 12/10

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Contango Oil & Gas Company (NYSE MKT: MCF) announced today that the Company has extended its record date until December 10, 2012 for the previously announced special dividend of $2.00 per share of common stock. The dividend will be paid on December 17, 2012 to each holder of record of the Company's common stock as of the close of business on December 10, 2012.

Contango is a Houston-based, independent natural gas and oil company. The Company's core business is to explore, develop, produce and acquire natural gas and oil properties primarily offshore in the Gulf of Mexico. Additional information can be found on our web page at www.contango.com.

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