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PetroQuest Energy Inc (PTQEP.PK)

PTQEP.PK on OTC Markets Group - US Other OTC and Grey Market

16.00USD
7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Petroquest Energy and its units entered into multidraw term loan agreement with Franklin Custodian Funds
Monday, 17 Oct 2016 05:06pm EDT 

PetroQuest Energy Inc : PetroQuest Energy Inc- On October 17, 2016, co and units entered into multidraw term loan agreement with Franklin Custodian Funds - SEC filing . PetroQuest Energy - loan agreement provides new multi-advance term loan facility, with borrowing availability for three years, in principal amount of up to $50 million . PetroQuest Energy Inc- loan agreement replaced company's existing credit agreement dated as of October 2, 2008 .PetroQuest Energy Inc- term loans mature on October 17, 2020.  Full Article

Petroquest energy elects to not make senior notes interest payment, enter into 30 day grace period
Thursday, 1 Sep 2016 04:01pm EDT 

Petroquest Energy Inc : Petroquest Energy elects to not make senior notes interest payment and enter into 30 day grace period . Believes it has current liquidity sufficient to make about $6.8 million semi-annual interest payment due on September 1 . Continuing to pay suppliers and trade creditors and fund current operations on an ongoing basis . Interest payment with respect to its outstanding 10% senior notes due 2017 .Entered into a forbearance agreement with lender under company's senior secured bank credit facility.  Full Article

Petroquest, TDC energy enters into 15th amendment to credit agreement
Thursday, 25 Aug 2016 04:18pm EDT 

Petroquest Energy Inc : On August 25,Petroquest Energy and TDC energy entered into fifteenth amendment to credit agreement and master assignment . Amendment decreased borrowing base in the credit agreement, from $22.5 million to $0 . Lenders agreed to approve,include co's issuance of up to $280.3 million of newly issued 10 percent second lien senior secured PIK notes due 2021 . Amendment decreased the aggregate commitment of the lenders from $22.5 million to $0 - SEC filing . Pursuant to amendment, lenders agreed to exit credit facility and assign respective rights and obligations under credit agreement Source: (http://bit.ly/2bDsUki) Further company coverage: [PQ.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Petroquest sees Q3 production volumes 52-56 MMCFE/D
Monday, 1 Aug 2016 04:07pm EDT 

Petroquest Energy Inc : Petroquest energy announces second quarter 2016 results . Q2 earnings per share view $-0.47 -- Thomson Reuters I/B/E/S . Q2 loss per share $1.38 . Reduction in production volumes during 2016 periods is primarily attributable to sale of company's arkoma assets in june of 2015 . Company has retained jefferies llc and seaport global as its financial advisors and porter hedges llp as its legal advisor . Sees q3 production volumes 52-56 mmcfe/d . Says "when compared to q2 of 2015, we realized an approximately 36% reduction in cash costs, or nearly $11 million" . Says production for q2 of 2016 was 6.0 bcfe, compared to 9.7 bcfe for comparable period of 2015 . Says oil and gas sales during q2 of 2016 were $15.8 million versus $32.6 million in q2 of 2015 .Continues to analyze options to address liquidity needs, extend maturity on 2017 notes.  Full Article

Petroquest Energy increases its Q2 2016 production guidance
Monday, 27 Jun 2016 07:00am EDT 

Petroquest Energy Inc : Petroquest Energy Inc Says Increasing Its Q2 2016 Production Guidance To 65 66 mmcfe per day . Says increase in company's q2 production guidance is primarily due to continued outperformance at its Thunder Bayou Well . Reducing its 2016 capital expenditure guidance to $15 million - $20 million .Petroquest energy increases its second quarter 2016 production guidance and reduces its 2016 capital expenditures guidance.  Full Article

Petroquest Energy announces approval of reverse stock split
Wednesday, 18 May 2016 11:41am EDT 

Petroquest Energy Inc : Petroquest Energy announces approval of reverse stock split by stockholders and board of directors . Company anticipates that reverse split will be effective at 5:00 p.m. Eastern time on May 18 . Will effect a reverse stock split at a ratio of 1 share of newly issued common stock for each four shares of issued and outstanding common stock .Upon effectiveness of reverse split, four shares will be automatically converted into one newly issued, outstanding share.  Full Article

PetroQuest Energy Inc increases Q1 2016 production guidance
Sunday, 27 Mar 2016 09:00pm EDT 

PetroQuest Energy Inc:Increases Q1 2016 production guidance to about 81-82 MMcfe per day (73% gas, 11% oil and 16% NGLs) from its previously issued guidance of 72-76 MMcfe per day.  Full Article

PetroQuest Energy gives Q1 2016 production guidance
Monday, 22 Feb 2016 04:01pm EST 

PetroQuest Energy:Projects Q1 2016 production to average between 72 and 76 MMcfe per day with approximately 74%, 10% and 16% to be derived from natural gas, oil and natural gas liquids, respectively.  Full Article

PetroQuest Energy gives Q3 2015 production guidance
Monday, 3 Aug 2015 04:01pm EDT 

PetroQuest Energy:Expects Q3 2015 production volumes of between 75 - 81 MMcfe/d.  Full Article

PetroQuest Energy gives Q2 2015 production guidance
Monday, 4 May 2015 04:06pm EDT 

PetroQuest Energy:Expects Q2 2015 production volumes of between 125 - 131 MMcfe/d.  Full Article