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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 27, 2001
PETROQUEST ENERGY, INC.
(Exact name of registrant specified in its charter)
Delaware
(State of incorporation)
1-9020 72-1440714
(Commission File Number) (IRS Employer
Identification No.)
400 E. Kaliste Saloom Road, Suite 3000, Lafayette, Louisiana 70508
(Address of Registrant's principal executive offices)
Registrant's telephone number, including area code (337) 232-7028
Not Applicable
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
THE FOLLOWING STATEMENTS WERE RELEASED TO THE PRESS ON JUNE 27, 2001
PETROQUEST ENERGY ANNOUNCES
PROPOSED OFFERING OF COMMON STOCK
Lafayette, Louisiana -- June 27, 2001 -- PetroQuest Energy, Inc. (NASDAQ: PQUE)
announced today that it has filed a registration statement with the Securities
and Exchange Commission on Form S-3 regarding the sale of 5,300,000 shares of
common stock by the Company. The Company will also grant to the underwriters an
option to purchase up to 795,000 shares of common stock to cover
over-allotments.
The proceeds of the offering will be used to fund specifically identified
exploration and development drilling activities and other general corporate
purposes. 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.
The offering is being managed by Johnson Rice & Company, L.L.C. When
available, copies of the prospectus can be obtained from Johnson Rice & Company,
L.L.C., 639 Loyola Avenue, Suite 2775, New Orleans, Louisiana 70113.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission, but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted, before the
registration statement becomes effective. This press release does not constitute
an offer to sell, or the solicitation of an offer to buy, nor will these
securities be sold, in any state in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of the state.
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 and in projecting future rates of production, the
timing of development expenditures 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.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
a. Financial Statement of Business Acquired
None.
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b. Pro Forma Financial Information
None.
c. Exhibits
None.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: June 27, 2001 PETROQUEST ENERGY, INC.
By: /s/ Michael O. Aldridge
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Michael O. Aldridge
Senior Vice President, Chief Financial
Officer and Treasurer