Blue Star Exploration Corp - Mar 25, 2024 Form 4 Insider Report for COMSTOCK RESOURCES INC (CRK)

Role
10%+ Owner
Signature
/s/ Blue Star Exploration Company, by Roland O. Burns as attorney-in-fact
Stock symbol
CRK
Transactions as of
Mar 25, 2024
Transactions value $
$100,450,000
Form type
4
Date filed
3/25/2024, 09:04 PM
Next filing
Aug 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRK Common Stock Purchase $100M +12.5M +6.86% $8.04 195M Mar 25, 2024 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 25, 2024, Arkoma Drilling, L.P., a Texas limited partnership ("Arkoma"), and Williston Drilling, L.P., a Texas limited partnership ("Williston"), purchased, and Comstock Resources, Inc., a Nevada corporation (the "Company"), issued and sold to Arkoma and Williston in the aggregate 12,500,000 shares of common stock, $0.50 par value per share ("Common Stock"), of the Company for total consideration of approximately $100.5 million, pursuant to the closing of the transactions contemplated by that certain Subscription Agreement, dated March 20, 2024, by and among the Company, Arkoma and Williston.
F2 Includes 146,950,577 shares of Common Stock held by Arkoma and 47,870,852 shares of Common Stock held by Williston. Blue Star Exploration Company, a Texas limited liability company ("Blue Star"), is the sole general partner of each of Arkoma and Williston. Jerral W. Jones is a director and sole shareholder of Blue Star. Each of the filing persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein.