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As part of the offering, PetroQuest has granted the underwriters an option to purchase 1.5 million additional shares of common stock to cover any over-allotments.
J.P. Morgan Securities, Inc. is acting as sole book-running manager for the offering.
Based on the closing price of PetroQuest common stock of $4 per share on June 22, 2009, the offering is valued at approximately $40 million.
Deal Value (US$ Million) 40 Deal Type IPO Sub-Category Secondary Offering Deal Status Announced: 2009-06-23
Deal Participants
Target (Company) PetroQuest Energy, Inc.
Deal Rationale
PetroQuest intends to use the net proceeds from the offering for general corporate purposes, including to fund capital expenditures related to its exploration and development drilling program.
No. Shares Issued 10000000
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