* Q2 shr loss $0.04 vs loss of $0.26 year ago
* Sales rose 40 pct to $90.7 mln
* Production in Q2 grew 30 pct to 20 bcfe * Raises 2010
capex 30 pct to $500 mln
Aug 2 Independent oil and gas company Comstock
Resources Inc (CRK.N) posted a narrower second quarter loss,
helped by increased production and higher realized oil prices.
For the second quarter, the company reported a net loss of
$1.6 million, or 4 cents a share, compared to a net loss of
$11.5 million, or 26 cents a share a year ago.
Sales rose 40 percent to $90.7 million.
Analysts on average expected the company to post a loss of
21 cents a share on revenue of $87.4 million, according to
Thomson Reuters I/B/E/S.
Comstock said its production for the quarter rose 30
percent to 20 billion cubic feet of natural gas equivalent
(bcfe) on higher output from its Haynesville shale.
Realized oil prices improved by 37 percent to $67.37 per
barrel for the second quarter.
The company also raised its 2010 capital expenditure
outlook to $500 million, from its previous outlook of $385
Shares of the company closed at $25.99 Monday on the New
York Stock Exchange.
(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by