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Michael L. Finch Joins PetroQuest Energy Board of Directors LAFAYETTE, La., Nov. 12 /PRNewswire-FirstCall/ -- PetroQuest Energy,
Inc. (Nasdaq: PQUE
- News) today announced
the appointment of Michael L. Finch as an independent member of the
Company's Board of Directors. Mr. Finch served as Chief Financial
Officer and a member of the Board of Directors of Stone Energy Corporation
from 1993 until his retirement in 1999. He was affiliated with Stone
in a variety of capacities for nineteen years. Prior to his service
with Stone, he was employed by an international public accounting
firm in New Orleans, Louisiana. Mr. Finch has been a private investor
since 1999. He was licensed as a certified public accountant in 1978,
and received a Bachelor of Science in Accounting from the University
of South Alabama in 1976.
The Company also announced the retirement of Alfred J. Thomas, II as President and the resignation of Mr. Thomas and Jay B. Langner from the Company's Board of Directors to devote more time to other commitments. "We thank Al and Jay for their significant contributions to the Company and wish them well with their future endeavors," said Charles T. Goodson, Chairman and Chief Executive Officer. "We are pleased to welcome someone of Mike's caliber to our board. PetroQuest will benefit from his knowledge, insight and expertise as we move forward." 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. Source: PetroQuest Energy, Inc. Contact: PetroQuest Energy Inc. |
