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

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To: Amit Ghate who wrote (15)3/12/1997 10:03:00 PM
From: Ed Ajootian   of 686
 
Amit,

Certainly is good news. Hopefully Optima will get out its own press
release on this soon so that its shareholders can learn about this too.

Optima's stock price is lower than where it was (about $3) in May 1996 when this
field was discovered. How the market can ignore a 4,000 bod field, even
if Optima only has an 8% working interest, is beyond my comprehension.

All this stock is missing now is some wells that are high-risk but high
reward, and which could find reserves that would double the company overnight
Alex said something about international exploration for Optima this year.
Maybe they will announce something about that when they announce 4th quarter
and this will spark some interest in this thing. It would be logical
to say something in the 4th quarter announcement because then they can
put it in the annual report.
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