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

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Comment by mack2000on Nov 03, 2010 11:36am

252 Views

Post# 17651193

RE: Worrying

After this PP they still need 80-100 million for a new mill .

Now CROC dosnt need a mill for cosmo RIGHT NOW

But IF they had one the cost would be around 500 for cosmo

This PP is needed for exploration and to make sure cosmo gets on stream ASAP

But the problem is that this is just the beginning of the problem .

CROC will do a PP later for the 80-100 mill .

For now they will be content with just 30 mill .

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