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: andrew r harwood who wrote (313)	4/17/1999 1:01:00 PM
From: Ed Ajootian	Read Replies (1) of 686

Andy, Great to see those huge production #'s being bandied about. Thought I had seen in an earlier PQUE release that they were going to provide for a max. production capacity of only 15 mmcfd but now I can't find the release. Any idea how much proved reserves they will be able to book from this? I had heard at least 10 BCF gross, which would mean $.22 a share net to PQUE, valuing the gas in the ground at $1 an mcf. I wonder whether folks are waiting for the 1st quarter numbers to come out (due 5/15) before buying this. Those are likely to be pretty sucky so maybe folks believe there will be one final blowoff at that point.

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