LAFAYETTE, La., May 27 /PRNewswire-FirstCall/ -- PetroQuest Energy, Inc.
(Nasdaq:
PQUE
-
News) today
announced that the exploratory well at its Murphy Castle
Prospect has been drilled to its objectives, logged and
determined not to be productive.
PetroQuest Energy, Inc. is an independent energy company
engaged in the exploration, development, acquisition and
production of oil and natural gas reserves in the Gulf
Coast Basin, both onshore and in shallow waters offshore.
This press release contains "forward-looking statements"
within the meaning of section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking
statements are subject to certain risks, trends and uncertainties
that could cause actual results to differ materially from
those projected. Among those risks, trends and uncertainties
are our estimate of the sufficiency of our existing capital
sources, our ability to raise additional capital to fund
cash requirements for future operations, the uncertainties
involved in estimating quantities of proved oil and natural
gas reserves, in prospect development and property acquisitions
and in projecting future rates of production, the timing
of development expenditures and drilling of wells, and
the operating hazards attendant to the oil and gas business.
In particular, careful consideration should be given to
cautionary statements made in the various reports PetroQuest
has filed with the Securities and Exchange Commission.
PetroQuest undertakes no duty to update or revise these
forward-looking statements.
