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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Post by OriginalFredon Feb 28, 2011 3:49pm

415 Views

Post# 18206987

Terrible forecast

The adjustments to the 2011 forecast are terrible.

In November, 2011 expectations were 125 to 175k ounces at $750.

Now we have this:

"For 2011 Crocodile Gold expects to produce 85,000 to 100,000 ounces at a cash cost of US$875 to US$975 per ounce."

No wonder GBS Gold went bankrupt.

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