BRIEF-Contango Oil & Gas And Mid-Con Energy Partners, LP Announce Strategic Merger

Oct 26 (Reuters) - Mid-Con Energy Partners LP (MCEP):

* CONTANGO OIL & GAS COMPANY AND MID-CON ENERGY PARTNERS, LP ANNOUNCE STRATEGIC MERGER CONTINUING CONTANGO’S CONSOLIDATION STRATEGY; CONTANGO ANNOUNCES RELATED INCREASE IN BORROWING BASE

* CONTANGO OIL & GAS (MCF) - MID-CON UNITHOLDERS WILL RECEIVE 1.75 SHARES OF CONTANGO STOCK FOR EACH MID-CON COMMON UNIT OWNED

* CONTANGO OIL & GAS CO (MCF) - EXCHANGE RATIO IMPLIES AN ENTERPRISE VALUE FOR COMBINED ENTITY IN EXCESS OF $400 MILLION

* CONTANGO OIL & GAS CO (MCF) - CONTANGO SHAREHOLDERS WILL OWN ABOUT 87% OF COMBINED CO

* CONTANGO OIL & GAS CO (MCF) - VOTING DEALS HAVE BEEN SIGNED BY OVER 50% OF HOLDERS ON BOTH SIDES OF DEAL, INCLUDING GOFF CAPITAL

* CONTANGO OIL & GAS CO (MCF) - DEAL ACCRETIVE TO CONTANGO'S RESERVE BASE Source text for Eikon: Further company coverage:

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