 HOUSTON, Nov. 30, 2020 GLOBE NEWSWIRE -- Contango Oil Gas Company NYSE American: MCF Contango or the Company today announced the execution of an agreement with a select group of institutional and accredited investors to sell approximately 14.2 million shares of common stock in a private placement. The Company expects to receive gross proceeds from the equity capital raise of approximately 22.0 million, which it intends to use to fund the purchase price of the Companys concurrently-announced acquisition of assets in the Big Horn, Permian, and Powder River Basins from an undisclosed seller, and general corporate purposes. The closing is expected to occur on December 1, 2020. 