Comstock Resources Inc T.CRK.DB

Primary Symbol: CRK

Energy Oil & Gas E&P

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

Comstock Resources Inc > Going Forward

<< Previous

Bullboard Posts

Next >>

Comment by COREDIGGERon Feb 09, 2012 8:58am

198 Views

Post# 19508181

RE: RE: RE: Going Forward

Thanks for being optomistic. However, Luxor was clear in their offer that the company will once again have to go to market for more money.

It's an unfortunate reality that remaining shareholders will be further diluted in another financing.

PS. Interesting to see that in special committee report - the recommendation was made only on current circumstances and not based on a financial evaluation of the worth of the company ....

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario