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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

Comment by DetVicMackeyon Aug 22, 2011 1:56am
269 Views
Post# 18965683

RE: RE: 3.2 Million M&I Gold Category

RE: RE: 3.2 Million M&I Gold CategoryBased from grade cut-offs and NI 43-101 technical documents, these ounces are economical with the appropriate POG and mine development. Not all these ounces need to be made reserves today since there is enough medium term supply to feed the mills and it is a bit of a waste to spend money on developing assets that would be idled for years. Perhaps the market sees CRK the same way you do pnl. With a discount to non-Brocks Creek/Cosmo assets, I like the distortion which presents upside opportunity.
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