Article: PetroQuest Energy Announces Discovery at Its Pelican Point Prospect.

LAFAYETTE, La., March 3 /PRNewswire-FirstCall/ -- PetroQuest Energy, Inc. announced today a discovery at its Pelican Point prospect located in Terrebonne Parish in Southeast Louisiana. The Company has an approximate 22% net revenue interest in the well which logged approximately 147 feet of net pay in the primary Rob L objective. Casing has been run to the well's total depth of 18,970 feet true vertical depth and the well is currently being completed. Production is expected to begin within two to three months at an initial gross rate of approximately 20,000 Mcfe per day.

"We are very excited about the Pelican Point prospect and are pleased to start 2008 with a ...

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