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Comstock Resources Inc
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November 2024 Investor Presentation
| Jay Allison | Page 4 of 11 |
February 07, 2026
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"November 2024 Investor Presentation"
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• Substantially reduced capital spending in the first quarter of 202 • Reduced from 7 to 5 operated rigs • Reduced from 3 to 2 frac spreads; no remaining long-term commitments for pressure pumping services • Suspended quarterly dividend • Majority stockholder Jerry Jones invested $100.5 million through an equity private placement, which closed on March 25, 202 • Added additional hedges starting in Q 202 targeting 50% of expected production • Enhanced liquidity with $00 million senior notes offering Response to Low Gas Prices