During the fourth quarter of 2014, Comstock completed its first well in the Tuscaloosa Marine Shale in Mississippi.  The CMR Foster Creek 28-40 #1H was drilled to a total depth of 19,312 feet, with a 6,764 foot lateral.  Due to mechanical issues, the Company was able to complete only the first 4,537 feet of the lateral.  The well was completed with an initial production rate of 874 BOE per day.  The initial production rate of 194 BOE per day per 1,000 feet of completed lateral compares favorably with other successful wells in this play. 

With the significant drop in oil prices, Comstock has suspended its oil drilling program and released two of its operated drilling rigs and cancelled another rig that was to be delivered in mid-2015.  The remaining two operated rigs were moved to North Louisiana where the Company now plans to drill fourteen long lateral wells targeting the Haynesville shale.  The natural gas directed drilling program is expected to allow the Company to grow its natural gas production in 2015 where the rate of returns are expected to be favorable.

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