PetroQuest Makes Discovery at Berry Lake Prospect

PetroQuest Energy, Inc. has made a discovery at its Berry Lake Prospect located in Iberville Parish in South Central Louisiana. The well encountered approximately 71 feet (TVD) of net productive sands. The well is being completed with first production expected by the end of November. The Company anticipates that the well will produce at a gross rate of approximately 1,000 barrels of oil per day.

"This is the first well we've drilled in our Atchafalaya Basin program area. We have three other prospects (Cut Thru Bayou, Bayou Bend and Murphy Castle) leased in this area and are currently maturing other leads," said Charles Goodson, PetroQuest's Chairman and Chief Executive Officer. "The knowledge gained at Berry Lake further supports our geologic model of the area and enhances the value of our inventory in the Atchafalaya Basin."

PetroQuest has a 71.5% working interest and is operator of the well.