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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU) -- Ignore unavailable to you. Want to Upgrade?

To: Dave M who wrote (417)	8/12/1999
From: Ed Ajootian	Respond to of 686

Dave, Maybe they're waiting for 2nd quarter to get out of the way before buying this. In any event it was great to see such a high estimate of the potential reserves for that Hawk well. Even though they have only a 5% interest in that well, if you use $1/mcf for the value of the gas in the ground that works out to a potential value of $.34 a share to PQUE! All of the other companies at the conference that were microcaps were over-levered, tattered, struggling companies (e.g., Vista Energy (VEI) and Abraxas Petroleum (AXAS). PQUE is the only small company there that is in a solid position to take advantage of opportunities. Mark my words, this company will get written up by an analyst within one month of the recently-issued stock being registered. They have to register it in the next 60 days.