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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU)
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To: Toni Wheeler who wrote (413)8/8/1999 7:42:00 PM
From: Ed Ajootian  Read Replies (1) of 686
 
Toni,

Not likely to hear any formal news about Turtle Bayou for another few weeks, IMO. It is not targeting as large reserves as the others so my hunch is that they will wait until the well is completed and production tested and then just put one release out at that time.

But they should be drilling through the pay right around now and maybe Andrew has heard something about the well from the O&G grapevine.

Will be interesting to see how the stock reacts to the company finally getting into the investment limelight. I think there is a lot of money looking for O&G microcaps right now, especially ones that are not over-burdened with debt and which have a war chest in hand to do the next round of drilling. The mid-cap O&G's have already started to pull away from the rest of the market and it is getting harder & harder to find good buys for any stocks with market caps over $100 mm.
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