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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 dogwagon Sep 15, 2011 4:17pm
269 Views
Post# 19047435

READY FOR TAKEOFF!!!

READY FOR TAKEOFF!!!This is why I purchased this stock about two weeks ago.The Cosmo  Mine will be the turn around for this company and I was not expecting them to start mining it so early.The statement says on time and on budget!!!On budget would mean $544.00 per ounce cash costs as outlaid in the last quarter presentation.This should drop the overall cash cost of CRK substantially over the next quarter and move us in the upward direction for the stock price.Great news and this is what I was waiting for but just came  a bit early which is great!!!So many companies missing their production targets ,this could be the turn around for CRK and I like the new management.
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