PetroQuest Energy, Inc (PQUE and T.PQU) Message Board

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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU)

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To: andrew r harwood who wrote (364)	7/13/1999 1:41:00 PM
From: Ed Ajootian	Read Replies (1) of 686

Andy, You're right on the $$$$. The High Island well commenced production on 7/2 and is producing at 15 mmcfd, to be nudged up toward 20 mmcfd once the well produces for a coupla months without much pressure drawdown. One of the offshore wells has hit --- we'll be seeing a press release out on that one any day now. Their next Turtle Bayou well was spud on 7/1 and should take 45 -- 60 days to drill. Targeting 40 -- 50 BCF, 3 potential zones stacked on top of each other, and they have a 40% W.I.! The news of the above could be the spark we were looking for to power this thing to the $1.50 mark.

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