Q2 2019 Comstock Resources Inc Earnings Call Transcript
Good day, ladies and gentlemen. Welcome to the Second Quarter 2019 Comstock Resources, Inc. Earnings Conference Call.
(Operator Instructions) As a reminder, this call will be recorded.
I would now like to introduce your host for today's conference, Mr. Jay Allison. Please go ahead.
All right, Chris, thank you and good morning. Good morning, everyone.
I would be remiss this morning not to open this call with a thank you to the equity and debt holders and our sponsors of Comstock for really walking with us the past 12 months to create the second quarter results that we'll present today. I would extend a very special thanks to Denham Capital for selling us Covey Park and becoming a 16% stakeholder; and to Jerry Jones, who in the past 12 months has personally invested around $1.1 billion in Comstock, including purchasing 50 million newly issued shares of Comstock common stock at $6 per share about 3 weeks ago. That's a $300 million purchase. The Jones family now own a 75%
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