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

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To: Bobby Yellin who started this subject	8/21/2000 4:45:34 PM
From: Toni Wheeler	of 686

FINALLY....we BREAKOUT!!!! WOW! I saw where September NG was $4.66 and oil at $33+. The SIX (6) new wells coming online are promising for even more production! What's this gonna do for 3rd quarter EPS??? From CEO Goodson: <<<For the first six months of 2000, prices averaged $26.73 per barrel of oil and $3.06 per Mcf of gas, as compared to $13.21 per barrel and $2.05 per Mcf received in the same period of 1999.>>> <<<"Our improved operating results for the second quarter continued the increases in net income, production and cash flow realized in the first quarter..." "We expect to maintain this trend due to our active drilling program. We have recently completed the CL&F No. 15 in our Turtle Bayou Field and are currently drilling the first well at our Orca Prospect in the Tuscaloosa Marine Shale Area. Offshore, we have successfully drilled the first well on our Jaguar Prospect at Eugene Island Block 147 and plan to begin drilling within the next week our Pelican Prospect at Ship Shoal Block 79.">>>

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To: Dave M who wrote (641)	9/24/2000 6:59:04 PM
From: isopatch	of 686

Did everybody sell? No posts for almost 2 weeks! Geez. This is one of my favs and just couldn't stand to see a dead thread for this long<g>. Admit to selling the trading 1/2 of my position about 10 days ago @ 3 31/32. But before ya'll flame me, confess I couldn't stand being at half mast so bellied up on Fri and bot back 1/2 of what I'd sold with a reentry price of 3 1/2. No big deal. But because of the extra time it takes to work a trade like this, only select my best stocks for such activity. ESNJ was the only other stock to receive similar treatment. PQUE is a superbly positioned and managed NG explorer and am looking for huge long term gains here. Clinton/Gore releasing the SPR oil will only have a temporary effect on NG (via downward pressure on its competitor - heating oil). But the crass political attempts to manipulate crude and also heating oil prices with a gov run heating oil reserve to get Gore elected is sure to cause much greater problems in the LT by disrupting the long established supply infrastructure of the private economy. Numerous heating oil dealers and middle men could be driven out of business by the ham handed, loose cannon manner the federal government usually displays whenever it sets up and runs its programs. LT this will only make our energy situation worse. The gov should be offering incentives to drill and produce oil and NG. Even more important is that for years, via unreasonable environmental rules the gov's been the major cause of the even more critical shortage of refining capacity. And truth is? The current shortage is a product shortage NOT a crude oil shortage. Isopatch

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