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Comstock Resources Inc
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December 2023 Investor Presentation
| Jay Allison | Page 3 of 11 |
May 13, 2024
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"December 2023 Investor Presentation"
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3 Industry’s lowest operating cost structure drives top tier margins and return on capital employed even in lower natural gas price environment Strategic relationship with successful Dallas businessman Jerry Jones, the largest shareholder, whose investment to date in Comstock totals $1.1 billion Pure-Play Haynesville Leader Why Invest in Comstock? 1,491 high-return Haynesville/Bossier net drilling locations support decades of drilling Strong balance sheet created in 2022 allowed for reinstatement of quarterly shareholder dividend Early results in Comstock’s Western Haynesville wells support potential for substantial upside from future drilling activities Low-Cost Structure and High Margins Extensive Drilling Inventory Upside in Western Haynesville Play Strong Balance Sheet Support from Major Stockholder One of the largest producers in the Haynesville, a premier natural gas basin with direct access to the high value Gulf Coast markets and LNG corridor