US Energy Corp and PetroQuest spud second well in Highlands Prospect, Louisiana

Thu. October 02, 2008; Posted: 06:19 AM

Oct 02, 2008 (M2 EQUITYBITES via COMTEX) -- PQUE | Quote | Chart | News | PowerRating -- US Energy Corp (NasdaqCM:USEG), a natural resources exploration and development company with interests in molybdenum, oil and gas and real estate, declared on 1 October that PetroQuest Energy LLC (NYSE:PQ) has spudded the Highlands Prospect in Louisiana, in which US Energy Corp has a 20% working interest.

According to US Energy Corp the initial well will be drilled to a depth of approximately 13,700 feet, targeting a resource of 12 BCFE.

Drilling of this well, which is the second well in the three well drilling project, is expected to be completed in the fourth quarter of 2008.

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For full details on Petroquest Energy Inc (PQ) click here. Petroquest Energy Inc (PQ) has Short Term PowerRatings of 6. Details on Petroquest Energy Inc (PQ) Short Term PowerRatings is available at This Link.

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