COMSTOCK RESOURCES INC — Capital/Financing Update 2008

Aug 28, 2008

8-K 1 form8kaugust282008.htm COMSTOCK RESOURCES, INC. FORM 8-K form8kaugust282008.htm Licensed to: 3099edgar Document Created using EDGARizer 4.0.6.1 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): August 28, 2008

COMSTOCK RESOURCES, INC.

(Exact Name of Registrant as Specified in Charter)

| STATE
OF NEVADA | 001-03262 | 94-1667468 |
| --- | --- | --- |
| (State
or other jurisdiction
incorporation) | (Commission
File Number) | (I.R.S.
Employer Identification
Number) |

5300 Town And Country Boulevard

Suite 500

Frisco, Texas 75034

(Address of principal executive offices)

(972) 668-8800

(Registrant's Telephone No.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

| ¨ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
| --- | --- |
| ¨ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
| ¨ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
| ¨ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |

Item 2.01. Completion of Acquisition or Disposition of Assets.

Comstock Resources, Inc. announced that on August 28, 2008 it sold its stake in its 49% owned subsidiary Bois d'Arc Energy, Inc. ("Bois d'Arc") (NYSE: BDE) to Stone Energy Corporation ("Stone") (NYSE: SGY). Comstock received $440 million in cash and 5,317,069 shares of the common stock of Stone for its stake in Bois d'Arc. Comstock used the cash proceeds to repay amounts outstanding under it bank credit facility. Comstock expects to have a $148 million current tax liability as a result of the gain resulting from this transaction. A copy of this press release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release dated August 28, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

| COMSTOCK
RESOURCES, INC. — /s/
M. JAY ALLISON |
| --- |
| M.
Jay Allison |
| President
and Chief Executive Officer |

2

INDEX TO EXHIBITS

99.1 Press release dated August 28, 2008.

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