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Comstock Resources (CRK -2%) expects to take a Q4 impairment charge of ~$78M, which amounts to...
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Tuesday, January 22, 11:26 AM ETComstock Resources (CRK -2%) expects to take a Q4 impairment charge of ~$78M, which amounts to $51M after tax or $1.10/share, related to unevaluated leases which aren't expected to be developed prior to their expiration and certain developed natural gas properties. CRK plans to spend $420M in drilling and completion expenditures and $25M on lease acquisitions in 2013 vs. $490M and $35M spent in 2012.
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