Comstock Resources Inc T.CRK.DB

Primary Symbol: CRK

Energy Oil & Gas E&P

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.

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Comstock Resources Inc > Reaction?

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Comment by December3on May 15, 2012 1:22pm

192 Views

Post# 19911088

RE: Reaction?

Plain & simple - the planned "turn around" of the Cosmos-Union Reefs project has not yet materialized. Does not look like it is even close!

The details:

Recorded a net loss of $20,289,927 or
.06 per share, and used $17,868,866 cash in operations.
the Company sold 10,900 ounces of gold at an average cash cost of $2,028 per ounce of gold sold
Milled 371,439 tonnes of ore to produce 10,759 ounces of gold. [On a budget of 75,000 opy!]