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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 (299)	4/7/1999 9:18:00 PM
From: andrew r harwood	Read Replies (1) \| Respond to of 686

Time will tell of course.my friend had heard about their new gulf of mexico find ,if it produces at 20 million mcf ,40-50%is petroquests with 2$ gas ,that would generate 20,000$perday for the company ,that mounts up pretty quick , also understand they have some great targets in one of thier pre existing fields but am not sure which .inof is not obtained from the company but a friend who knows a lot about drilling and geology in the gulf and acadiana .so well see ,its hard to see it going any lower than it is now so downside should be pretty low ,highly speculative but worth a chance i think . i assume that the recent pick up in volume is an indication that someone has realised the importance of the recent find even though it was announced well over a month ago .its amazing that they have such good production from a shallow well . the big boys are drilling in mobile bay to 23000 feet wells costing more than 10 million and i dont think they produce much more than this one.for those of a less speculative bent stone is the quality compnay in the area though thats had a really good run lately .andy