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PetroQuest Energy Announces Officer AppointmentsLAFAYETTE, La.--(BUSINESS WIRE)--Sept. 5, 2001--PetroQuest Energy, Inc. (Nasdaq: PQUE - news) announced today the appointment of Ralph J. Daigle as Executive Vice President. Mr. Daigle has served as Senior Vice President-Exploration of the Company since its merger with American Explorer, LLC in September 1998. Prior to that time, he was a principal of American Explorer, LLC and has served in various geological and geophysical roles for Seiscom Delta, Inc., Texas Pacific Oil Company and Union Oil Company. Mr. Daigle is responsible for management of the Geological and Geophysical Department of the Company. Dalton F. Smith, III has been appointed Senior Vice President-Business Development & Land. Mr. Smith most recently served the Company as Vice President-Business Development & Land. He joined PetroQuest Energy, Inc. in March of this year. His primary responsibilities will continue to include identification and pursuit of new exploration ventures and property acquisitions, the development and maintenance of key industry relationships, and oversight of the Company's land management activities. Prior to his employment with the Company, Mr. Smith spent seventeen years with Unocal Corporation and Mobil Oil Corporation in a variety of land management functions. PetroQuest Energy, Inc. also announced today the appointment of Stephen
H. Green as Vice President-Exploration. Mr. Green has served as Business
Development Manager since joining the Company in September 1999. His
responsibilities will include directing the Company's exploration
efforts both onshore and offshore Gulf of Mexico. Prior to his employment
with the Company, Mr. Green spent eighteen years with Tenneco, Inc.,
Newfield Exploration Company and Ocean Energy, Inc. in various technical
and management capacities in both exploration and development. and production company primarily focused on growing its reserves and shareholder value through a combination of drilling development locations and high-potential exploration prospects along the coast of and in the Gulf of Mexico. 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 and in projecting future rates
of production, the timing of development expenditures 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.
Contact: PetroQuest Energy, Inc., Laffayette, La.
Robert R. Brooksher, 337/232-7028
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