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: Ronald J. Clark who wrote (39)	4/29/1997 5:49:00 PM
From: Ed Ajootian	of 686

Ron, No further info. available from Ted re: production. But check out today's news about them venturing outside of North America for the first time ever: NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: OPTIMA PETROLEUM CORPORATION TSE SYMBOL: OPP NASDAQ SYMBOL: OPPCF APRIL 29, 1997 Optima Petroleum Trinidad Project CALGARY, ALBERTA--Optima Petroleum Corporation is pleased to announce the signing of a "Study Agreement" with the Petroleum Company of Trinidad and Tobago, Limited. This Study Agreement covers nine onshore producing fields in the central west portion of Trinidad's Southern Basin, an area that has produced in excess of 1.2 billion barrels of oil. The Southern Basin is a geological extension of the prolific East Venezuelan Oilfields. Optima has a 50 percent interest in this segment of the venture with a private U.S. company, CIPCO, maintaining the balance. Should the Agreement realize specific exploration/exploitation permits, Optima has the opportunity to earn 87 1/2 percent of any permit. Optima Petroleum Corporation is an independent oil and gas exploration company targeting the development of projects with a minimum potential of five million barrels equivalent in the U.S. Gulf Coast and Alberta, Canada. Common shares trade actively on NASDAQ National Market System and the Toronto Stock Exchange. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Optima Petroleum Corporation Robert L. Hodgkinson 1-800-444-7704 or Optima Petroleum Corporation Ted Clark 1-800-444-7704 e-mail: ted@optimapete.com INDUSTRY: OIS SUBJECT: BFC -0- **************************************** This is obviously months away from actually getting anywhere, but it is encouraging that they have finally realized that its time to expand their horizons. Now all they gotta do is sell Wildhay and they will have plenty of cash to put into this Trinidad project.

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