Capex Data
For fiscal year 2008, Contango's capital expenditure budget will see them invest a total of $55.6 million, as they continue to develop their Arkansas Fayetteville Shale play, bring Eugene Island 10 (Dutch) #3 to production, drill additional developmental wells on their Dutch and State of Louisiana (Mary Rose) prospects, build an associated platform and pipeline and drill at least one additional wildcat exploration offshore well unrelated to Dutch or Mary Rose. Of this $55.6 million, approximately $30.0 million is anticipated to be invested in offshore activities and $25.6 million is expected to be invested in onshore activities.
Future Plans
No data yet.