X0202 4 2006-05-15 0 0001325098 Quintana Maritime LTD QMAR 0001332739 FR X Offshore GP LTD C/O FIRST RESERVE CORPORATION ONE LAFAYETTE PLACE, THIRD FL. GREENWICH CT 06830 1 0 1 1 See Remark (1) 0001332738 FR X Offshore GP, L.P. C/O FIRST RESERVE CORPORATION ONE LAFAYETTE PLACE, THIRD FL. GREENWICH CT 06830 1 0 1 1 See Remark (1) 0001332740 FR X Offshore, L.P. C/O FIRST RESERVE CORPORATION ONE LAFAYETTE PLACE, THIRD FL. GREENWICH CT 06830 1 0 1 1 See Remark (1) 0001202019 EDWARDS JOSEPH R ONE LAFAYETTE PLACE THIRD FLOOR GREENWICH CT 06830 1 0 0 0 Common Stock 2006-05-15 4 A 0 3500 A 3087895 I See FN Effective May 15, 2006, the Board of Directors of the Company awarded these shares of restricted stock under the Company's 2005 Stock Incentive Plan to Joseph R. Edwards, a director of the Issuer. The stock will vest on February 15, 2010. Consists of 15,500 shares of restricted common stock issued to Joseph R. Edwards, and 3,072,395 shares of common stock owned by FR X Offshore, L.P. This Form 4 is filed on behalf of FR X Offshore GP Limited ("Offshore Ltd"), FR X Offshore GP, L.P. ("Offshore GP"), FR X Offshore, L.P. ("Offshore LP" and collectively with Offshore Ltd and Offshore GP, the "Fund Entities"), and Joseph R. Edwards. Offshore GP is the general partner of Offshore LP and may be deemed to share beneficial ownership of the shares of Common Stock beneficially owned by Offshore LP. Offshore Ltd., as the general partner of Offshore GP, may also be deemed to share beneficial ownership of the shares of Common Stock beneficially owned by Offshore LP. The Fund Entities are entitled to a portion of the profits from the sale of securities held by Mr. Edwards, and therefore the Fund Entities share beneficial ownership of the securities issued to Mr. Edwards as reported herein. Other than the shares he holds directly, Mr. Edwards disclaims beneficial ownership of securities of the Issuer beneficially owned by the Fund Entities. (1) The Fund Entities (as defined in Footnote (3)), have included the designation of "Director" in order to satisfy potential filing obligations in the event any such Fund Entities are deemed to be a director of the Issuer by deputization. (2) FR X Offshore GP Limited, by Anne E. Gold, Assistant Secretary, is signing for itself as the designated filer, as well as in the capacity of general partner of FR X Offshore GP, L.P. FR X Offshore GP, L.P. by Anne E. Gold, is signing in its capacity as general partner of FR X Offshore, L.P. Joseph R. Edwards, by Anne E. Gold, Attorney-in-Fact (See Attached Power of Attorney). Anne E. Gold 2006-08-15 Anne E. Gold, In the Capacity Described in Remark (2) 2006-08-15 Anne E. Gold, In the Capacity Described in Remark (2) 2006-08-15 Anne E. Gold, Attorney-in-Fact 2006-08-15