Filing Details
- Accession Number:
- 0001011438-20-000111
- Form Type:
- 13G Filing
- Publication Date:
- 2020-03-31 15:53:32
- Filed By:
- Karlin Asset Management, Inc.
- Company:
- Contango Oil & Gas Co (NYSEMKT:MCF)
- Filing Date:
- 2020-03-31
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Karlin Energy | 9,808,552 | 0 | 9,808,552 | 0 | 9,808,552 | 7.6% |
Gracie Investing | 0 | 0 | 0 | 0 | 0 | 0% |
Karlin Asset Management, Inc | 0 | 9,808,552 | 0 | 9,808,552 | 9,808,552 | 7.6% |
Karlin Holdings Limited Partnership | 0 | 9,808,552 | 0 | 9,808,552 | 9,808,552 | 7.6% |
Gary Karlin Michelson MD Living Trust dated | 0 | 9,808,552 | 0 | 9,808,552 | 9,808,552 | 7.6% |
Gary Karlin Michelson | 0 | 9,808,552 | 0 | 9,808,552 | 9,808,552 | 7.6% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________________________
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
_________________________________________________ |
Contango Oil & Gas Company |
(Name of Issuer)
|
Common Stock, $0.04 Par Value |
(Title of Class of Securities)
|
21075N204 |
(CUSIP Number)
|
March 25, 2020 |
(Date of Event Which Requires Filing of this Statement)
_________________________________________________
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
◻ Rule 13d-1(b)
⌧ Rule 13d-1(c)
◻ Rule 13d-1(d)
* | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 21075N204 | |
| | | | | | |
1. | | NAMES OF REPORTING PERSONS Karlin Energy, LLC | ||||
2. | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ◻ (b) ◻ | ||||
3. | | SEC USE ONLY | ||||
4. | | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | SOLE VOTING POWER 9,808,552 | ||
| 6. | | SHARED VOTING POWER —0— | |||
| 7. | | SOLE DISPOSITIVE POWER 9,808,552 | |||
| 8. | | SHARED DISPOSITIVE POWER —0— | |||
9. | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,808,552 | ||||
10. | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ◻ | ||||
11. | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%* | ||||
12. | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO |
* | Based on 129,122,673 shares of common stock of Contango Oil & Gas Company (the “Issuer”) outstanding as of March 23, 2020, as reported in the Form 10-K filed by the Issuer with the Securities and Exchange Commission (“SEC”) on March
30, 2020. |
CUSIP No. 21075N204 | |
| | | | | | |
1. | | NAMES OF REPORTING PERSONS Gracie Investing, LLC | ||||
2. | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ◻ (b) ◻ | ||||
3. | | SEC USE ONLY | ||||
4. | | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | SOLE VOTING POWER —0— | ||
| 6. | | SHARED VOTING POWER —0— | |||
| 7. | | SOLE DISPOSITIVE POWER —0— | |||
| 8. | | SHARED DISPOSITIVE POWER —0— | |||
9. | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON —0— | ||||
10. | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ◻ | ||||
11. | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% | ||||
12. | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO |
CUSIP No. 21075N204 | |
| | | | | | |
1. | | NAMES OF REPORTING PERSONS Karlin Asset Management, Inc. | ||||
2. | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ◻ (b) ◻ | ||||
3. | | SEC USE ONLY | ||||
4. | | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | SOLE VOTING POWER —0— | ||
| 6. | | SHARED VOTING POWER 9,808,552 | |||
| 7. | | SOLE DISPOSITIVE POWER —0— | |||
| 8. | | SHARED DISPOSITIVE POWER 9,808,552 | |||
9. | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,808,552 | ||||
10. | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ◻ | ||||
11. | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%* | ||||
12. | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO |
* | Based on 129,122,673 shares of common stock of the Issuer outstanding as of March 23, 2020, as reported in the Form 10-K filed by the Issuer with the SEC on March 30, 2020. |
CUSIP No. 21075N204 | |
| | | | | | |
1. | | NAMES OF REPORTING PERSONS Karlin Holdings Limited Partnership | ||||
2. | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ◻ (b) ◻ | ||||
3. | | SEC USE ONLY | ||||
4. | | CITIZENSHIP OR PLACE OF ORGANIZATION Nevada | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | SOLE VOTING POWER —0— | ||
| 6. | | SHARED VOTING POWER 9,808,552 | |||
| 7. | | SOLE DISPOSITIVE POWER —0— | |||
| 8. | | SHARED DISPOSITIVE POWER 9,808,552 | |||
9. | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,808,552 | ||||
10. | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ◻ | ||||
11. | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%* | ||||
12. | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN |
* | Based on 129,122,673 shares of common stock of the Issuer outstanding as of March 23, 2020, as reported in the Form 10-K filed by the Issuer with the SEC on March 30, 2020.
|
CUSIP No. 21075N204 | |
| | | | | | |
1. | | NAMES OF REPORTING PERSONS Gary Karlin Michelson MD Living Trust dated 10/1/1993 | ||||
2. | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ◻ (b) ◻ | ||||
3. | | SEC USE ONLY | ||||
4. | | CITIZENSHIP OR PLACE OF ORGANIZATION California | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | SOLE VOTING POWER —0— | ||
| 6. | | SHARED VOTING POWER 9,808,552 | |||
| 7. | | SOLE DISPOSITIVE POWER —0— | |||
| 8. | | SHARED DISPOSITIVE POWER 9,808,552 | |||
9. | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,808,552 | ||||
10. | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ◻ | ||||
11. | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%* | ||||
12. | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO |
* | Based on 129,122,673 shares of common stock of the Issuer outstanding as of March 23, 2020, as reported in the Form 10-K filed by the Issuer with the SEC on March 30, 2020.
|
CUSIP No. 21075N204 | |
| | | | | | |
1. | | NAMES OF REPORTING PERSONS Gary Karlin Michelson | ||||
2. | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ◻ (b) ◻ | ||||
3. | | SEC USE ONLY | ||||
4. | | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5. | | SOLE VOTING POWER —0— | ||
| 6. | | SHARED VOTING POWER 9,808,552 | |||
| 7. | | SOLE DISPOSITIVE POWER —0— | |||
| 8. | | SHARED DISPOSITIVE POWER 9,808,552 | |||
9. | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,808,552 | ||||
10. | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ◻ | ||||
11. | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6%* | ||||
12. | | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN |
* | Based on 129,122,673 shares of common stock of the Issuer outstanding as of March 23, 2020, as reported in the Form 10-K filed by the Issuer with the SEC on March 30, 2020.
|
Item 1 (a). | Name of Issuer: |
Contango Oil & Gas Company (the “Issuer”)
Item 1 (b). | Address of Issuer’s Principal Executive Offices: |
717 Texas Ave., Suite 2900
Houston, Texas 77002
Item 2 (a). | Name of Person Filing: |
This statement is being filed by the following persons with respect to the shares of Common Stock (as defined below) of the Issuer directly held by Karlin Energy, LLC (“Karlin Energy”):
(i) | Karlin Energy, a Delaware limited liability company; |
(ii) | Gracie Investing, LLC (“Gracie”), a Delaware limited liability company; |
(iii) | Karlin Asset Management, Inc., a Delaware corporation (“Karlin Asset Management”), the Manager of each of Karlin Energy and Gracie and General Partner of Karlin Holdings Limited Partnership (“Karlin Holdings”); |
(iv) | Karlin Holdings, a Nevada limited partnership and Sole Member of each of Karlin Energy and Gracie; |
(v) | Gary Karlin Michelson MD Living Trust dated 10/1/1993, a California trust (the “Karlin Trust”), the sole owner of Karlin Asset Management; and |
(vi) | Gary Karlin Michelson, a United States citizen, the Trustee of the Karlin Trust and sole director of Karlin Asset Management. |
The above parties are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons”.
Item 2 (b). | Address of Principal Business Office or, if None, Residence: |
The address for each of the Reporting Persons is:
11755 Wilshire Blvd., Suite 1400
Los Angeles, CA 90025
Item 2 (c). | Citizenship: |
Karlin Energy – Delaware
Gracie – Delaware
Karlin Asset Management – Delaware
Karlin Holdings – Nevada
Karlin Trust – California
Gary Karlin Michelson – United States
Item 2 (d). | Title of Class of Securities: |
Common Stock, $0.04 par value (“Common Stock”)
Item 2 (e). | CUSIP Number: |
21075N204
Item 3. | Not applicable. |
Item 4. | Ownership. |
For Karlin Energy:
| (a) | Amount beneficially owned: 9,808,552 shares of Common Stock |
| (b) | Percent of class: 7.6% |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: 9,808,552 |
| (ii) | Shared power to vote or to direct the vote: —0— |
| (iii) | Sole power to dispose or to direct the disposition of: 9,808,552 |
| (iv) | Shared power to dispose or to direct the disposition of: —0— |
For Gracie:
| (a) | Amount beneficially owned: 0 shares of Common Stock |
| (b) | Percent of class: 0% |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: —0— |
| (ii) | Shared power to vote or to direct the vote: —0— |
| (iii) | Sole power to dispose or to direct the disposition of: —0— |
| (iv) | Shared power to dispose or to direct the disposition of: —0— |
For each of the other Reporting Persons besides Karlin Energy and Gracie:
| (a) | Amount beneficially owned: 9,808,552 shares of Common Stock |
| (b) | Percent of class: 7.6% |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: —0— |
| (ii) | Shared power to vote or to direct the vote: 9,808,552 |
| (iii) | Sole power to dispose or to direct the disposition of: —0— |
| (iv) | Shared power to dispose or to direct the disposition of: 9,808,552 |
The percentages of beneficial ownership of Common Stock above are based on 129,122,673 shares of Common Stock outstanding as of March 23, 2020, as reported in the Form 10-K filed by the Issuer with the Securities and
Exchange Commission on March 30, 2020.
Karlin Asset Management is the Manager of each of Karlin Energy and Gracie and is the General Partner of Karlin Holdings. Karlin Holdings is the Sole Member of each of Karlin Energy and Gracie. Karlin Trust is the sole
owner of Karlin Asset Management. Gary Karlin Michelson is the Trustee of Karlin Trust and the sole director of Karlin Asset Management.
Each Reporting Person other than Karlin Energy and Gracie may be deemed to beneficially own the Common Stock held directly by Karlin Energy, but neither the filing of this Schedule 13G nor any of its contents shall be
deemed to constitute an admission that any Reporting Person other than Karlin Energy is the beneficial owner of Common Stock referred to herein for
purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose (including, without limitation, any tax purposes) and each of the Reporting Persons other than Karlin Energy expressly
disclaims beneficial ownership of all shares of Common Stock held directly by Karlin Energy and any assertion or presumption that it and the other persons on whose behalf this statement is filed constitute a “group”.
Item 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
The information in Item 4 is incorporated herein by reference.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not applicable.
Item 8. | Identification and Classification of Members of the Group. |
Not applicable.
Item 9. | Notice of Dissolution of Group. |
Not applicable.
Item 10. | Certification. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| March 31, 2020 |
| |
| Date |
| |
| KARLIN ENERGY, LLC |
| |
| By: KARLIN ASSET MANAGEMENT, INC., its Manager |
| |
| /s/ David A. Cohen |
| Signature |
| |
| David A. Cohen/CEO |
| Name/Title |
| |
| GRACIE INVESTING, LLC By: KARLIN ASSET MANAGEMENT, INC., its Manager |
| |
| /s/ David A. Cohen |
| Signature |
| |
| David A. Cohen/CEO |
| Name/Title |
| |
| KARLIN ASSET MANAGEMENT, INC. |
| |
| /s/ David A. Cohen |
| Signature |
| |
| David A. Cohen/CEO |
| Name/Title |
| |
| KARLIN HOLDINGS LIMITED PARTNERSHIP By: KARLIN ASSET MANAGEMENT, INC., its general partner |
| |
| /s/ David A. Cohen |
| Signature |
| |
| David A. Cohen/CEO |
| Name/Title |
| GARY KARLIN MICHELSON MD LIVING TRUST DATED 10/1/1993 |
| |
| /s/ Gary Karlin Michelson |
| Signature |
| |
| Gary Karlin Michelson/Trustee |
| Name/Title |
| |
| GARY KARLIN MICHELSON |
| |
| /s/ Gary Karlin Michelson |
| Signature |
| |
|