Comstock released its third quarter 2014 results on November 4, 2014. Highlights of our third quarter results include:

·        Oil production increased 78% this quarter which drove significant increases in our revenues, EBITDAX and cash flow.  Oil & gas sales this quarter of $145 million are up 30% over 2013’s third quarter.  EBITDAX this quarter of $114 million is 40% higher than 2013’s third quarter and our cash flow from operations grew 60% this quarter to $101 million or $2.10 per share.

·        We reported a net loss, excluding non-recurring items, of $2.5 million or 5¢ per share for the quarter.

·        In the first three quarters of this year we have drilled 59 successful South Texas Eagle Ford wells and put 80 on production.

·        Our well costs keep coming down in our South Texas Eagle Ford program.  2014 well costs in our South Texas Eagle Ford program have averaged $6.7 million, which is 12% lower than last year.

·        We are very excited about recent developments in our two new ventures – the East Texas Eagle Ford and the Tuscaloosa Marine Shale.  Both areas have seen successful offset activity and have been de-risked considerably since the beginning of the year.  We have continued to increase our acreage position in the Tuscaloosa Marine Shale and now have over 70,000 net acres.

 

 

TRANSFER AGENT
For stock certificate transfers, changes of
address or lost stock certificates, please
contact:

American Stock Transfer & Trust Company
59 Maiden Lane, New York, NY 10038
(800) 937-5449

CONTACT INVESTOR RELATIONS
Requests for additional information
should be directed to:

Gary H. Guyton
5300 Town and Country Blvd.
Suite 500
Frisco, Texas 75034
(972) 668-8834 (direct)
(800) 877-1322 (toll free)
gguyton@comstockresources.com

5300 Town and Country Blvd.
Suite 500
Frisco, Texas 75034
(972) 668-8800

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