|Monday, June 26, 2000
Petroquest has confirmed their prior estimates of oil and gas reserves in its Falcon Prospect in Vermilion 376 offshore Louisiana in the U.S. Gulf of Mexico. The No. 3 well was drilled to a true vertical depth of 4,489 feet by Diamond Offshore's, Ocean Ambassador. A production platform is in progress and first production is expected by the end of 2000. Petroquest is the operator and has a 43 percent working interest.