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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 bonjovi501on Jan 29, 2012 8:42pm
351 Views
Post# 19463520

Bottom??

Bottom??

Chantal stated a while back that he would give a rock bottom target for 2012 and that he would not miss targets like Mike in past years. So 75,000 to 85,000 should be met and exceeded easily. I expected 100,000 and I believe the 90's should be met with permits from International in Feb. hopefully. If International permits are not obtained till later in the year then 80,000 will be the target. One thing I do not get and that is cash costs with Cosmos which should be around $550.00 and with 70% of production from Cosmos cash costs should be below $1000.00 easily. I think we need an explanation on this one.

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