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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

Bullboard Posts
Post by sultan66on Jun 24, 2010 12:28pm
332 Views
Post# 17218285

RUDD OUT, CRK UP!!

RUDD OUT, CRK UP!!

Australia's ruling party ousts Rudd, appoints woman PM

Last Updated: Thursday, June 24, 2010 | 10:10 AM ET Comments0Recommend0

CBC News

Australia's Labor Party ousted Prime Minister Kevin Rudd Thursday in a historic move that resulted in the country getting its first female prime minister.

Julia Gillard, 48, was elected leader of the party in an uncontested vote just hours after she surprised party members by challenging Rudd, in an apparent bid to shore up support for the floundering party.

Labor has slipped in popularity in recent months and faced defeat in an October election.

"I asked my colleagues to make a leadership change because I believed that a good government was losing its way," Gillard told a news conference.

The ouster of Rudd, one of the country's more popular leaders, followed a series of gaffes, including a flip flop on a carbon gas emissions bill that would have seen the worst polluters pay, and a controversial tax on mining company profits.

Gillard said her government is willing to negotiate the proposed mining tax, which polls showed was harming the government's re-election chances.

A poll earlier this month showed the Labor Party trailing its opposition for the first time since Rudd won a landslide election victory in 2007, ousting longtime prime minister John Howard.

Gillard has not committed to the government's emission trading plan and instead said she would seek a consensus on the scheme, in which polluters would buy and trade permits for every tonne of carbon gas they produce.

The Australian Senate has twice rejected the legislation.



Read more: https://www.cbc.ca/world/story/2010/06/24/australia-pm-gillard.html#ixzz0rmxb3fDr
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