FRISCO, TEXAS, December 5, 2016 - Comstock Resources Inc. ("Comstock" or the "Company") (NYSE: CRK) today announced that it received notice from the New York Stock Exchange ("NYSE") that the Company is now considered in full compliance with the NYSE continued listing standards.
The NYSE stated that it based the determination on Comstock's consistent and positive performance with respect to the plan the Company previously submitted to regain compliance and its achievement of compliance with the minimum market capitalization and shareholders' equity requirements.
The Company will be subject to a twelve month follow-up period to ensure that it remains in compliance with the NYSE's continued listing standards, as well as being subject to its normal monitoring procedures of listed companies.
This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct.
Comstock Resources Inc. is an independent energy company based in Frisco, Texas and is engaged in oil and gas acquisitions, exploration and development primarily in Texas and Louisiana. The Company's stock is traded on the New York Stock Exchange under the symbol CRK.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Comstock Resources Inc. via Globenewswire
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