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: Ed Ajootian who wrote (38)	4/22/1997 7:29:00 AM
From: Ronald J. Clark	of 686

Ed, I agree that the East Cameron net revenue interest of Optima is rather small (Approx 5.5%), however that field is now producing 4000 bbl/day with 1.85MMCF/day. Even at the low net revenue percentage this still represents about 225boe/day to Optima's interest or almost 20,000 boe per quarter. This would be 15% of Optima's estimated 130,000 boe for the first quarter! I recognize that the added East Cameron production (1700 bbl/day up to the current 4000 bbl/day) has not been in place for the entire 1st quarter, however East Cameron production would still be almost 13% of all Optima's production assuming the company meets its 2nd quarter estimate of 155,000 boe. I still wonder where the bulk of the production decline is for the first quarter. Anyone heard from Optima regarding this issue?

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