Summary of CONTANGO OIL & GAS CO

ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Company held its annual stockholders meeting on Thursday, November 29, 2012. The Company's shareholders were asked to consider and vote upon the following three proposals:

1. To elect six persons to serve as directors of the Company;

2. To ratify the appointment of Grant Thornton LLP as the Company's independent auditors for the fiscal year ending June 30, 2013; and

3. To conduct a non-binding advisory vote to approve the compensation of the Company's executives.

Summarized below are final results of the matters voted on at the annual meeting.

                                                                                       Broker
                                                                                        Non-
                                                   For       Against    Abstentions     Votes
(1)  Election of Directors
     Kenneth R. Peak                            11,333,363   421,274       2,756      2,265,403
     B.A. Berilgen                              11,562,290   192,692       2,411      2,265,403
     Jay D. Brehmer                             11,490,335   262,997       4,061      2,265,403
     Brad Juneau                                11,609,829   143,539       4,025      2,265,403
     Charles M. Reimer                          11,537,386   216,046       3,961      2,265,403
     Steven L. Schoonover                       11,051,676   701,856       3,861      2,265,403

(2)  Ratification of the appointment of Grant   13,642,658   375,531       4,607          -
     Thornton LLP as the Company's
     independent auditors for the fiscal year
     ending June 30, 2013

(3)  Advisory vote on executive compensation    11,585,856   164,406       7,131      2,265,403

All six nominated directors were elected to serve for terms of one year, the appointment of Grant Thornton LLP as the independent auditors for fiscal year ending June 30, 2013 was ratified and the advisory vote on executive compensation was approved.

ITEM 7.01. REGULATION FD DISCLOSURE

The Board of the Company declared a special dividend of $2.00 per share of common stock to be paid on December 17, 2012 to each holder of record of the Company's common stock as of the close of business on December 10, 2012.