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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 Oct 13, 2011 6:50am
470 Views
Post# 19144577

SPOKE TO IR OF CRK!!!!

SPOKE TO IR OF CRK!!!!Speaking to the IR guy for CRK,the 3rd quarter costs for CRK shall be much better than the second quarter.The COSMO developement ore was about 2.5 GPT and the main ore will be around 6 GPT which will show up in the 4th quarter and from then forward.The feeling I got was that production increased and that the 80,000 ounce target for this year will be met.Chantal Lavoie is a smart cookie and consentrating on the Cosmo area and selling the Gully mill and mine will streamline the company and lead to higher grades and more production.The IR chap mentions that how Chantal has implimented a plan of attack to statigically grow the company in an organized manner and not just open pit from everywhere and see what comes up at the end of the quarter.He said that everything is much more organized  now and the next few quarters will REALLY GROW THIS COMPANY.Someone on the inside must know something big is comming soon as the big buying yesterday.
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