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.

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Comstock Resources Inc > It does not make sense.

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Post by mariners13on May 11, 2015 6:34pm

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Post# 23716989

It does not make sense.

Of course it does not make sense for us shareholders. But it most obviously does make sense to someone, presumably those in management of both companies. We have to figure out what their thinking is and how we may profit from it.

The private placement is to cover the cost for shareholders who want cash at .37 per share.

Does the statement, "All NewCo Shares will be issued in the Transaction on a notional 1 for 5 consolidated basis" mean they are doing a rollback after the deal is over, or is this related to the proration option for shareholders?

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