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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU)

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To: Ed Ajootian who wrote (312)4/15/1999 9:28:00 PM
From: andrew r harwood  Read Replies (1) of 686
 
talked to my friend tonight , he actually saw the petroquest geologist last night .it seems likely that the well will produce in the 20-30million mcf range so its a really good well .the cost of tying it in is dependant upon the existing infrastructure in that area of the gulf .probably it will be about 2-3million to tie it in .with the increasing price of gas and this great well coming on stream soon petroquest seems really to be a neglected steal right now .even debt heavy ocean has moved up 50% from its low and stone energy more than that .its always hard to know when to buy but the downside risk would appear to be limited and with such a large insider ownership once it starts moving it will be hard to get in .the insiders have a bunch of options exercisable at 5$ a share
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