PetroQuest Energy, Inc. (QWST)
OTOTC · Common · CUSIP 716748405
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Security Profile

Security Type
Common Stock
CUSIP
716748405 (prev. 716748306 )
Market Cap
Micro Cap · $42 Million
Previous Symbol
PQUEQ (changed 11/7/2018)
Business: PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow waters of the Gulf of Mexico.
Notes: Nov. 07, 2018 -- PetroQuest Energy, Inc. (OTCQX: PQUE) today announced that it and certain of its direct and indirect subsidiaries entered into a restructuring support agreement ("RSA") with its first lien lenders and second lien noteholders to permanently reduce its debt and the related interest expense in ways that support the long-term growth and success of the business. To implement the RSA and thus achieve its financial goals, the Company also filed for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. The RSA, which was executed on November 6, 2018, contemplates a comprehensive restructuring of the Company's capital structure, has the support of certain holders of 81.83% of its 10% Second Lien Secured Senior Notes due 2021 (the "2021 Notes"), certain holders of 84.76% of its 10% Second Lien Senior Secured PIK Notes due 2021 and the lenders under the Company's multi-draw term loan agreement. ____________ May 19, 2016 -- 1-for-4 reverse common stock split with a new cusip 716748306

Company Contact

CEO
Charles T. Goodson
CFO
James Bond Clement
Headquarters
400 East Kaliste Saloon Road, Suite 6000, Lafayette, LA 70508
Phone
337-232-7028
Fax
337-232-0044
Investor Relations
Matt Quantz · 337-232-7028 · mquantz@petroquest.com
SEC EDGAR Filings
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