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: Tommaso who wrote (545)	4/8/2000 2:18:00 PM
From: Ronald J. Clark	Read Replies (1) of 686

Tommaso, Curious if you have spoken to the company since last Friday's news? The Valentine well may be a "discovery" in that it appears that the 290+ ft of gross pay were located below the 2000-8000 ft level which was the "proven" gas field that had produced 1 TCF+ of gas. The Johnson, Rice analysis talks about KK,LL, and Op Cip sands as the ones targeted by PQUE's well--do we know where the "pay" referred to in the news release is located? The company refers to the discovery as "significant" which I took to mean something more than a developmental well in the lower sands. If you have any info in this regard, please post it. Stock action may give us the answer next week, although these oil and gas companies in my experience have a hard time keeping the lid on any news and thus the discovery is likely already priced in the stock. My guess is there was some disappointment in the company's inability to test the lowest sands with this Valentine well. Look forward to hearing from anyone with more info on this well. Regards, Ron Clark

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