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PetroQuest Energy Inc
April 2012 Corporate Presentation
| Matt Quatz | Page 9 of 11 |
March 22, 2017
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"PetroQuest Energy Inc"
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Woodford JV Transaction Summary $234.6MM total transaction value ($128MM guaranteed) $60MM received at closing (May 2010) $28MM in deferred payments received during 2011 $146.6MM “drilling carry” where JV partner pays 80% of costs for 50% of the working interest $54MM phase one expected to be complete 2Q12 $92.6MM phase two* begins 3/1/12 and is expanded to include Miss Lime and Woodford development simultaneously JV Partner received 29 Bcfe of Woodford PUD reserves Right to earn 50% of the Company’s undeveloped Woodford acreage 8 8 * Under Phase 2 partner pays 75% of costs for 50% interest