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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

Post by TTSBon Jul 28, 2011 12:51am
277 Views
Post# 18881555

should start to see at least 25000 per quarter

should start to see at least 25000 per quarter25 000 using 1600 $ gold @ 1000$ cost ....600$ cash flow or 15 million per quarter

60 million next 4 quarters...@ 10 x cashflow ....600 million dollar value here going forward or 2$ per share within 6 months.....

on top of all this we ay see some huge exploration upside as well...huge land mass huge potential to increase production and lowering cash cost in the 800-900$ range...

if chantal executes their plans of being a 200 k producer ....@ the 850$ cash cost range

2013 cash flow will be 40 million per quarter   .....using 1600$ gold.....imagine 1800-2000$ gold

no debt ...current cash position of 85 million along with great production outlook and an ever increasing gold price

makes a perfect meal for this crocodile
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