Contango Oil & Gas Company says that Sergio Castro, the Company's Vice President and Treasurer, has been appointed Chief Financial Officer by the Company's Board of Directors. Kenneth R. Peak, the Company's Chairman and Chief Executive Officer, said, 'Sergio has been with the Company for four years and has done an outstanding job, and has truly earned this promotion. I have been the Chief Financial Officer since inception of Contango in 1999 and it is a pleasure to transfer the CFO mantle to Sergio.'

Additionally, Slava Makalskaya, who joined the Company in March 2010, has been appointed Vice President and Controller by the Company's Board of Directors. Ms. Makalskaya was most recently a director at PricewaterhouseCoopers in New York, where she assisted clients with M&A transactions as well as advised clients with complex accounting and financial reporting issues. Ms. Makalskaya is a CPA and has approximately 18 years of work experience in accounting and finance, including 13 years in public accounting. While in the audit practice of PricewaterhouseCoopers and Arthur Andersen, her clients included many oil and gas public and private companies. Mr. Peak said, 'Slava brings broad industry experience, a 'shirt-sleeves' accounting acumen, and has hit the ground running.'

The Company also announced that Lesia Bautina, the Company's Senior Vice President and Controller, has retired from the Company effective June 1, 2010 to spend additional time with her family. Ms. Bautina will remain as a consultant to the Company. Mr. Peak continued, 'Lesia has been my partner from nearly day one and Contango has benefited greatly from her intelligence, perseverance, and can-do attitude. We are fortunate that she will continue working with us as a consultant. I am grateful for all that Lesia has done for the Company and especially thankful for her friendship.'

Tags: Contango Oil & Gas Company