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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU)
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To: Toni Wheeler who wrote (371)7/15/1999 9:00:00 AM
From: Ronald J. Clark  Read Replies (1) of 686
 
Look like a nice GOM discovery. I'm a little confused by the news release's description of the interest in the well held by PQUE. They say 5% working and net revenue interest. It is my understanding that a net revenue interest is not the same as a working interest ( the net revenue interest being net of all royalties and other burdens)-so I'm not sure whether they have a 5% W.I> or a 5% net revenue interest. Maybe my understanding of the terminology is wrong. It looks to me like they have a 5% W.I. as the total of the other W.I's is 95%. In any event--good news.

Ron Clark
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