-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LwqnNKIZBbCLaETAqMcp6MgiDmV9bqgsrDu2mRKpuDlw5qGIqsL8GF6dqjrgls3W wezer7DduiiJzOhgq3OxBg== 0001140361-06-009589.txt : 20060628 0001140361-06-009589.hdr.sgml : 20060628 20060628140025 ACCESSION NUMBER: 0001140361-06-009589 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060627 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20060628 DATE AS OF CHANGE: 20060628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PETROQUEST ENERGY INC CENTRAL INDEX KEY: 0000872248 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 721440714 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32681 FILM NUMBER: 06929462 BUSINESS ADDRESS: STREET 1: 400 E KALISTE SALOOM RD SUITE 6000 CITY: LAFAYETTE STATE: LA ZIP: 70508 BUSINESS PHONE: 3372327028 MAIL ADDRESS: STREET 1: 400 E KALISTE SALOOM RD SUITE 6000 CITY: LAFAYETTE STATE: LA ZIP: 70508 FORMER COMPANY: FORMER CONFORMED NAME: OPTIMA PETROLEUM CORP DATE OF NAME CHANGE: 19950726 8-K 1 form8-k.htm PETROQUEST ENERGY 8-K 6-27-2006 Petroquest Energy 8-K 6-27-2006
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K

Current Report
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
June 28, 2006 (June 27, 2006)

 
PETROQUEST ENERGY, INC.
(Exact name of registrant as specified in its charter)


DELAWARE
(State of Incorporation)
72-1440714
(I.R.S. Employer Identification No.)
   
400 E. Kaliste Saloom Rd., Suite 6000
Lafayette, Louisiana
(Address of principal executive offices)
  
70508
(Zip code)

Commission File Number: 0-019020

Registrant’s telephone number, including area code: (337) 232-7028


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
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Item 1.01
Entry into a Material Definitive Agreement

On June 27, 2006, PetroQuest Energy, Inc. (the “Company”) was notified that the borrowing base under the Second Amended and Restated Credit Agreement dated November 18, 2005, as amended (the “Credit Agreement”), entered into with JPMorgan Chase Bank, N.A., as lender, agent and issuer of letters of credit, Macquarie Bank Limited, as lender, and Calyon New York Branch, as lender and syndication agent, was increased from $60 million to $67.5 million. In connection with the borrowing base increase, the lenders under the Credit Agreement granted the Company a one-time waiver of the Credit Agreement relating to the previously disclosed engagement of Randall & Dewey and possible sale of certain Gulf of Mexico properties. The waiver allows such possible sale to occur and waives the requirement that the proceeds therefrom be used to prepay the principal of the borrowings under the Credit Agreement.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
PETROQUEST ENERGY, INC.
   
Date: June 28, 2006
By:
/s/   Daniel G. Fournerat
   
Daniel G. Fournerat
   
Executive Vice President, General Counsel and Secretary
 
 
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