San Diego, CA -- (SBWIRE) -- 04/07/2017 -- Certain directors of Contango Oil & Gas Company are under investigation over possible wrongdoing. The investigation was announced on behalf of current long-term investors in NYSEMKT:MCF shares concerning potential breaches of fiduciary duties by certain directors at Contango Oil & Gas Company.

Investors who purchased shares of Contango Oil & Gas Company (NYSEMKT:MCF) and currently hold any of those NYSEMKT:MCF shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain Contango Oil & Gas Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Contango Oil & Gas Company reported that its annual Total Revenue declined from $116.50 million in 2015 to $78.18 million in 2016 and that its Net Loss declined from $355.05 million in 2015 to $58.03 million in 2016. Shares of Contango Oil & Gas Company (NYSEMKT:MCF) declined from $68.74 per share in October 2011 to as low as $4.19 per share in early 2016.

On April 6, 2017, NYSEMKT:MCF shares closed at $7.46 per share.

Those who purchased shares of Contango Oil & Gas Company have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com