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: Bobby Yellin who started this subject	8/21/2000 4:45:34 PM
From: Toni Wheeler	Read Replies (1) of 686

FINALLY....we BREAKOUT!!!! WOW! I saw where September NG was $4.66 and oil at $33+. The SIX (6) new wells coming online are promising for even more production! What's this gonna do for 3rd quarter EPS??? From CEO Goodson: <<<For the first six months of 2000, prices averaged $26.73 per barrel of oil and $3.06 per Mcf of gas, as compared to $13.21 per barrel and $2.05 per Mcf received in the same period of 1999.>>> <<<"Our improved operating results for the second quarter continued the increases in net income, production and cash flow realized in the first quarter..." "We expect to maintain this trend due to our active drilling program. We have recently completed the CL&F No. 15 in our Turtle Bayou Field and are currently drilling the first well at our Orca Prospect in the Tuscaloosa Marine Shale Area. Offshore, we have successfully drilled the first well on our Jaguar Prospect at Eugene Island Block 147 and plan to begin drilling within the next week our Pelican Prospect at Ship Shoal Block 79.">>>

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