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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (4868)	6/13/2018 7:53:29 AM
From: richardred	Read Replies (1) \| Respond to of 7242

Contango Oil & Gas (MCF) Major Shareholder John C. Goff Purchases 180,000 Shares June 13th, 2018 - By Amy Steele - 0 comments Contango Oil & Gas (NYSEAMERICAN:MCF) major shareholder John C. Goff acquired 180,000 shares of Contango Oil & Gas stock in a transaction on Tuesday, June 12th. The shares were purchased at an average cost of $4.45 per share, with a total value of $801,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC. thecerbatgem.com Big volume today MCF. On a smaller scale I'm just thinking what Carl Icahn did to Sandridge Energy. Added to MCF today on the downgrade. I think with oil prices where they are now. It's a new lease on life for this company. Next Qtr. will be a downer, but they will be sinking some new holes in the Delaware Basin. IMO 37% interest in Exaro should be sold now if they can find a buyer. Market Cap. of MCF under 100 million . IMO Compelling for a Private equity Corporate Raider or should I better say Corporate activist. This board needs to be pushed with all the 0 options being exercised and partials being monetized. >As of December 31, 2017, the SEC PV-10 value of our proved reserves was approximately $257.3 million, compared to the SEC PV-10 value of $166.2 million as of December 31, 2016, an increase in our reserve value that was also attributable to our Southern Delaware Basin drilling program and the increase in commodity prices. The SEC-mandated prices used in determining our December 31, 2017 proved reserves and PV-10 value were $47.41 per barrel of oil and condensate, $2.92 per Mmbtu of natural gas and $18.59 per barrel of natural gas liquids, compared with SEC prices of $38.67/Bbl for oil and condensate, $2.43/Mmbtu for natural gas and $13.62/Bbl for natural gas liquids used in estimating proved reserves as of December 31, 2016.