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Comstock Resources Inc (CRK): Oasis Management Burned By Recent Losses Dumping Its Stake

The romance between Hong Kong based activist Seth Fischer and Comstock Resources Inc (CRK) lasted only a month. Fischer’s Oasis Management disclosed a 5.4% stake at the beginning of February when the stock was trading at $1.41 per share. Oasis Management didn’t disclose any positions in CRK at the end of December in its 13F filing which indicated that all of its position was bought on or before February 2nd.

Today Oasis Management revealed that it cut its stake down to 0.7% of the company’s outstanding shares. Comstock Resources Inc (CRK) closed at $0.66 today.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Oasis Management Company Ltd 389,060 389,060 389,060 0.7%
Oasis Investments II Master Fund Ltd 389,060 389,060 389,060 0.7%
Seth Fischer 389,060 389,060 389,060 0.7%

Page 1 of 8 SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Comstock
Resources, Inc.

(Name of Issuer)

Common Stock,
$0.50 par value

(Title of Class of Securities)

205768203

(CUSIP Number)

March 2,
2016**

(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
¨ Rule 13d-1(b)
ý Rule 13d-1(c)
¨ Rule 13d-1(d)
(Page 1 of 8 Pages)

______________________________

* The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

** The Reporting Persons are making this
filing voluntarily. This date reflects the date that the filing is being made rather than an event which requires the filing of
this Statement.

The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).

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