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: Ronald J. Clark who wrote (348)	5/24/1999 12:49:00 PM
From: andrew r harwood	Read Replies (1) of 686

I am going to try and make the annual meeting and see what they say .personally i regard the production loan as very positive that someone was willing to take the risk.if petroquest had not been able to get financing to bring the well on stream they would have had to sell the well on much less favorable terms .presumably once this loan is paid off they will have the full benefit of production.with natural gas prices being high right now it should pay off fairly quickly.the lender is taking a lot of risk since i know from personal experience that things can always go wrong with these wells. a friend of mine completed a very deep and expensive well in the gulf costing more than 15million dollars had good initial flow and now they are having problems with salt water intrusion .so in the immortal words of forrest gump s--t happens .anyway it appears to me that petroquest is heading in the right direction as are oil and gas prices so i think a little patience should be very well rewarded .but this is clearly not a stock for widdows and orphans though right at this point in time it looks safer than the internet stocks arh

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