Contango Oil & Gas A Risk Worth Taking? [Part 2]

Rupert Hargreaves

Published onMarch 1, 2014

Updated on May 13, 2021

Continued from part 1…

Elsewhere, the majority of Contango Oil & Gas Company (NYSEMKT:MCF)'s main onshore reserves are located within the Eagle Ford play. There is also a play in the Jonah Field up in Wyoming and the DJ Basin in Colorado. However, one of Contango's more interesting plays is the Buda reserve located within/under Eagle Ford. Buda is an oil formation that lies around 100 feet below the Eagle Ford. Unlike the Eagle Ford, the Buda has natural fractures and does not require expensive fracture stimulation jobs to complete the well. Contango owns 5,700 net acres in the Buda play and has 19 gross...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Contango Oil & Gas A Risk Worth Taking? [Part 2]

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