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Comstock Resources Inc T.CRK.DB


Primary Symbol: CRK

Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of North American oil and natural gas segment. The Company primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in Western Haynesville play. The Company has approximately 2,959 drilling locations on its Haynesville/Bossier shale acreage, where the Company estimates to have 4.9 trillion cubic feet equivalent (TCFE) of reserve potential. The Company owns interests in approximately 2,478 producing oil and natural gas wells (1,516.7 net) and operates 1,703 of these wells.


NYSE:CRK - Post by User

Comment by goldpigon Dec 18, 2011 11:26am
413 Views
Post# 19332775

2012 estimated production

2012 estimated production

I just noticed that the 2012 guidance is for Cosmos to produce 50 % of the total production.

From my previous post, open pit production is estimated to be 65,000 oz which means that total production in 2012 will be about 130,000 oz.

The open pit is forecasted at about $1050 per oz and Cosmos at $552 per oz, for an average cash cost of about $800 per oz.

Its easy to calculate from this that 2012 raw cash flow will be about $100 million.

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