Zeldes Haeggquist & Eck, LLP Announces Investigation of Crimson Exploration, Inc. Acquisition by Contango Oil & Gas Company

Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into possible legal claims against the Board of Directors of Crimson Exploration, Inc. (NASDAQ: CXPO) (“Crimson”) regarding possible breaches of fiduciary duties and other violations of law related to Crimson’s entry into an agreement to be acquired by Contango Oil & Gas Company (“Contango”) (NYSE:MCF) in an all-stock transaction.

Zeldes Haeggquist & Eck’s investigation concerns whether Crimson’s Board of Directors failed to adequately shop Crimson to obtain the best possible value for Crimson’s shareholders before entering into an agreement with Contango. Crimson shareholders will receive only 0.08288 shares of Contango stock for each share of Crimson stock they own. Under the terms of the proposal, shareholders of Crimson will receive $3.19 per share for each share of Crimson they own. At least one analyst has set a price target for Crimson at $6.00 per share.

If you own Crimson stock and purchased your shares before April 30, 2013, and would like additional information regarding this investigation, or if you have information regarding the matters under investigation, please contact attorney Amber L. Eck or Aaron M. Olsen at 619-342-8000, or by email at ambere@zhlaw.com or aarono@zhlaw.com. There is no cost to you.

Zeldes Haeggquist & Eck, LLP is a full-service law firm which brings major class actions nationwide on behalf of defrauded investors and consumers and handles a variety of complex business litigation matters. Please visit www.zhlaw.com or our blog for more information about the firm.