Past year: ▼ 27%(12.32 – 26.86 USD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Mar 2024capital raising announcement▲ GoodMajor
Controlling shareholders Arkoma and Williston Drilling (the Jones family) bought another 12.5 million Comstock shares directly from the company for about $100.5 million -- continued insider buying that reinforced their controlling stake.
14 May 2018capital raising announcement● NeutralMajor
This amendment re-files the May 9, 2018 deal with Jerry Jones's Arkoma Drilling and Williston Drilling, adding the full Contribution Agreement as an exhibit. Under it Comstock would acquire North Dakota oil and gas properties, valued by the company at $620.0 million with no associated debt, for up to 88,571,429 new shares, leaving the partnerships with about 84% of the stock. Closing needs shareholder approval, antitrust clearance and new bank and bond financing acceptable to the partnerships, with an October 31, 2018 outside date and a termination fee of up to $12.4 million in certain cases.
10 May 2018capital raising announcement▲ GoodMajor
Comstock agreed to acquire Bakken Shale (North Dakota) assets valued at $620 million from Arkoma Drilling and Williston Drilling in exchange for up to 88.6 million new shares -- the deal that would close three months later and hand the Jones family roughly 84% control of the company.
2 Apr 2018capital raising announcement▲ GoodMajor
Comstock agreed to sell 10 million shares to Jerry Jones-controlled Arkoma Drilling for $7.50/share and formed a strategic drilling venture giving Arkoma the right to fund Haynesville/Eagle Ford wells for a working interest -- the Jones family's first toehold in Comstock, four months before the much larger transaction that would hand them control.
24 June 2016capital raising announcement▼ Bad
On June 23, 2016, Comstock exchanged $3.0 million of its 9½% Senior Notes due 2020 with one holder for 1.5 million common shares plus the accrued but unpaid interest on those notes.
4 May 2016capital raising announcement▼ BadMajor
Alongside Q1 2016 results, Comstock disclosed four note-for-stock exchanges between April 13 and May 3: about $22.4 million of 7¾% 2019 notes and $2.5 million of 9½% 2020 notes. They were swapped for roughly 4.5 million and 0.5 million shares, plus shares for accrued interest on the 2020 notes.
6 Apr 2016capital raising announcement▼ Bad
Comstock completed another privately negotiated exchange on April 4, 2016, swapping $14.3 million of its 7¾% Senior Notes due 2019 for 2.6 million common shares plus accrued but unpaid interest.
3 Feb 2016capital raising announcement▼ BadMajor
Comstock exchanged $40.0 million of its 7¾% senior notes due 2019 with holder Oasis Management for 4,614,655 common shares plus about $1.1 million cash for accrued interest. The exchange closed February 2, 2016.
