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: Jane Hafker who wrote (217)	5/17/1998 11:29:00 PM
From: Ed Ajootian	Read Replies (1) of 686

Jane, The 1st quarter '98 results were horrific. About a quarter mill. $$ of neg. cash flow, compared to $1.5 mm positive cash flow for same quarter last year. Amoco won a summary judgement against them on their SW Holmwood wells. Looks like poor little Optima is gonna have to cut a 7-figure check over to Amoco pretty soon. And someone is suing them over some Wildhay well, for 7 figures. That nest egg they got from selling their Canadian stuff is goin' mighty fast! Also, the merger is delayed until June now. IMO its time to bail if you haven't already.

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