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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 ThyFishon Oct 10, 2012 5:01pm
277 Views
Post# 20470567

Q# Productin Guidance

Q# Productin Guidance

I've been MIA for some time but its good to be back reading some quality posts and good conversation.  If timelines are the same as last qrt we can hope to see some production guidance shortly with actual financials by Nov 15th (45 days / TSX rule).  I'm predicting production to be in the range of 37 to 45k oz of production this quarter.  All would be good but 45k would be spectacular.  Also note that POG is up this qrt as well.  I'd like to see a profit this qrt but increased production with a lower cash cost per oz will certainly be a move in the right direction.  If indeed I am right this would make 3 qrts of proper guidance by Chantal and Team and should be rewarded IMO.  I included my prior estimate from before q2 results below.  Hoping I'm right and GLTA!!

 

Production guidance is now around 143,000 ounces to 158,000 ounces for 2012 (I estimated 166,000 ounces in a prior post)

 

 

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