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.

NYSE:CRK - Post by User

Comstock Resources Inc

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Comment by tim9525on Nov 08, 2010 2:22pm

408 Views

Post# 17675088

RE: News

They are bringing the cost per ounce down and it be much lower next year perhaps in the 700 range. With a positive cash flow and gold continuely going higher, it shouldn't be a problem in the intermediate and long term. At least, they were able to finance at $1.4 per share recently, which means big companies are confident with CRK. We should be ok.

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