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PetroQuest Energy Inc
|
June 2019 Investor Presentation
| Charles T. Goodson | Page 3 of 11 |
April 27, 2024
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"June 2019 Investor Presentation"
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Situation Update ? PetroQuest successfully completed its financial restructuring on February 8, 019 ? The Company has enhanced its balance sheet position by eliminating approximately $95 MM in debt and preferred equity obligations ? Current operations focused on continued development of the Company’s East Texas Cotton Valley position and exploring the high impact potential of the Company’s Louisiana Austin Chalk acreage ? 1Q19 production of ~46 mmcfe/d net ? YE18 SEC proved reserves of 130 bcfe (81% gas); .7 tcfe 3P reserves including technical PUDs ? PetroQuest’s assets provide significant growth potential with ~60 gross Cotton Valley locations and 5,000/1,000 gross/net acres in the Louisiana Austin Chalk