Sec Form 4 Filing - Blue Star Exploration Corp @ COMSTOCK RESOURCES INC - 2024-03-25

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Blue Star Exploration Corp
2. Issuer Name and Ticker or Trading Symbol
COMSTOCK RESOURCES INC [ CRK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
ONE COWBOYS WAY
3. Date of Earliest Transaction (MM/DD/YY)
03/25/2024
(Street)
FRISCO, TX75034
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 03/25/2024 P 12,500,000 A $ 8.036 ( 1 ) 194,821,429 ( 2 ) I See Footnote ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Blue Star Exploration Corp
ONE COWBOYS WAY
FRISCO, TX75034
X
Arkoma Drilling, L.P.
ONE COWBOYS WAY
FRISCO, TX75034
X
Jones Jerral W.
ONE COWBOYS WAY
FRISCO, TX75034
X
Williston Drilling, L.P.
ONE COWBOYS WAY
FRISCO, TX75034
X
Signatures
/s/ Blue Star Exploration Company, by Roland O. Burns as attorney-in-fact 03/25/2024
Signature of Reporting Person Date
/s/ Arkoma Drilling, L.P., by Roland O. Burns as attorney-in-fact 03/25/2024
Signature of Reporting Person Date
/s/ Jerral W. Jones, by Roland O. Burns as attorney-in-fact 03/25/2024
Signature of Reporting Person Date
/s/ Williston Drilling, L.P., by Roland O. Burns as attorney-in-fact 03/25/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On March 25, 2024, Arkoma Drilling, L.P., a Texas limited partnership ("Arkoma"), and Williston Drilling, L.P., a Texas limited partnership ("Williston"), purchased, and Comstock Resources, Inc., a Nevada corporation (the "Company"), issued and sold to Arkoma and Williston in the aggregate 12,500,000 shares of common stock, $0.50 par value per share ("Common Stock"), of the Company for total consideration of approximately $100.5 million, pursuant to the closing of the transactions contemplated by that certain Subscription Agreement, dated March 20, 2024, by and among the Company, Arkoma and Williston.
( 2 )Includes 146,950,577 shares of Common Stock held by Arkoma and 47,870,852 shares of Common Stock held by Williston. Blue Star Exploration Company, a Texas limited liability company ("Blue Star"), is the sole general partner of each of Arkoma and Williston. Jerral W. Jones is a director and sole shareholder of Blue Star. Each of the filing persons disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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