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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 December3on May 19, 2012 12:10am
257 Views
Post# 19928203

RE: RE: RE: 200 000

RE: RE: RE: 200 000

>>>  I bet Stan thru Manhattan still makes money.  <<<    . .

.

Exactly!  Looks like some on BBs think that because Stan sold his shares he is gone - NOPE!

.

CRK is still a "Forbes & Manhattan Company!" and therefore F&B still get revenue from CRK the following ways:

  • $25,000 per month general fee
  • Success fees on arranging equity or debt financing
  • Bonuses on "transactions" such as change of control, reorganization, asset acquisitions, mergers, take-overs
  • Director's fees to Directors that are housed in the F&B family.

 

So don't forget that means.....

  • $300,000 Annually to F&B for General fees
  • $4.7MM in "additional" payments as a result of the Change of Control to Luxor
  • $800,000 "success fee" for arranging the Feb22 Private Placement
  • 1% of the value of the Luxor transaction (>$1MM)
  • 1% of the PP in Feb as a bonus
  • "discretionary payments" to F&B in such amounts...as the board of directors considers appropriate
  • $8,698,880 in retention bonuses as a result of the Luxor Change of control

- all taken from  pages 39-43 of Annual Report

 

Oh, and... anybody know who is the "vendor" that gets $20/oz of gold from Brocks Creek, $4 for Pine Creek and an additional 1% from Brocks Creek?

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