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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 Einherjaron Feb 15, 2014 7:03am
411 Views
Post# 22213476

2 Year Cosmo Contract

2 Year Cosmo Contract

Downer EDI Limited (Downer) today announced it had received a Notice of Intent from Crocodile Gold Corp for the award of a mining services contract at the Cosmo Gold Mine in the Northern Territory.

Subject to the contract being executed, the two-year deal, valued at approximately $70 million, will commence in March 2014.

The scope of work includes development, mining and all other associated works to maintain the required supply of mill feed ore at the mine’s underground operations, known as Cosmo Deeps.

Crocodile Gold is a Canadian company with three operating mines in Australia.

The Chief Executive Officer of Downer, Grant Fenn, said Downer was one of Australia’s leading diversified mining contractors.

“Our highly skilled and experienced underground mining team looks forward to working with Crocodile Gold Corp on this important project,” he said.



Cosmo should produce 150000oz in the 2 years of the contract (Mio70).
So Downer is digging for ca. A$466/oz.

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