Forecast

Buy	6
Hold	3
Sell	0

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Contango restructures partnership for Muchesu coal project in Zimbabwe

Contango has reorganized the strategic partnership for the Muchesu coal project: Pacific Goal Investments (PGI) replaces Huo Investments as the majority shareholder at project level and takes over the planned 51% stake as well as the role of lender for the revolving credit facility of USD 20 million. The new ownership of Monaf Investments is: 51% PGI, 24% Contango, 6.5% Lilyone Investments and 18.5% local minority shareholders; Huo retains 20.42% of Contango. The existing royalty agreement remains unchanged (USD 2/4/8 per tonne depending on coal type) with a minimum payment of USD 2 million annually; for H1 2025 USD 1 million was paid and a further USD 1 million is planned. The Muchesu project, with alleged coal resources of more than 2 billion tonnes, has recently advanced expansion of the mining area, installation of a dense-media separation plant, infrastructure works and construction of coke batteries, financed through the credit facility. » More on de.investing.com

Historical dividends Dividends

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In 2007, Contango Oil & Gas has already paid €0.11 in dividends. The last payout was in March 2007.

Financials

In the last year, Contango Oil & Gas had revenue of €92.72M and net profit of -€135.76M

(EUR)	2020	YoY
Revenue	92.72M	35.97%
Gross profit	12.93M	104.20%
Net profit	-135.76M	4.68%
EBITDA	-106.37M	20.95%

Fundamentals

Metric	Value
Market capitalization	€0
52-week high/low	€2.91 - €2.72
Dividends	No
Beta	2.03
P/E ratio	-2.68
PEG ratio	-0.01
P/B ratio	28.45
P/S ratio	0.00

Company profile

Contango Oil & Gas Company, ein unabhängiges Erdöl- und Erdgasunternehmen, erwirbt, erkundet, entwickelt, fördert und produziert Erdöl- und Erdgasvorkommen in den flachen Gewässern des Golfs von Mexiko sowie Onshore-Vorkommen in Texas, Oklahoma, Louisiana und Wyoming in den Vereinigten Staaten. Zum 31. Dezember 2019 verfügte das Unternehmen über nachgewiesene Reserven von etwa 316,4 Milliarden Kubikfuß Äquivalent, einschließlich 131,3 Milliarden Kubikfuß Erdgas, 19,1 Millionen Barrel Rohöl und Kondensat und 11,8 Millionen Barrel Erdgasflüssigkeiten. Das Unternehmen wurde 1986 gegründet und hat seinen Sitz in Houston, Texas.

Name	Contango Oil & Gas
CEO	Wilkie Colyer
Headquarters	Houston, tx USA
Website	contango.com
Sector	Energy
Industry	Oil, Gas & Consumable Fuels
IPO	10/28/1993
Employees	205