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ENQ Enquest Energy Ser Corp

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Share Name Share Symbol Market Type
Enquest Energy Ser Corp TSXV:ENQ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

EnQuest Announces Board Changes

07/04/2010 2:20pm

Marketwired Canada


ENQUEST ENERGY SERVICES CORP. (TSX VENTURE:ENQ) ("EnQuest" or the "Corporation")
announces the resignation of Ross H. McEachran from the Board of Directors of
the Corporation effective as of April 6, 2010. The Board and Management
appreciate his service to the Corporation over the past two years. As a result
of this resignation, EnQuest presently has two directors, which is one fewer
than the three directors required by the rules of the TSX Venture Exchange. In
accordance with applicable law, EnQuest announces that trading in its common
shares will be temporarily halted until a third director is appointed to the
Board. EnQuest will issue a further press release when such appointment is made.


EnQuest also announces that the US based company referenced in the Corporation's
February 12, 2010 press release has determined not to proceed with the
acquisition of substantially all of the assets of Speedy Heavy Hauling, Inc. The
US based purchaser stated in correspondence dated today that its preliminary due
diligence investigation "did not reveal any negative information with regard to
Speedy Heavy Hauling, Inc., its operations or the operations of its
subsidiaries" but that it had decided to pursue a different strategy. EnQuest is
now released from the exclusivity provisions of the letter of intent, and will
purse discussions with other parties which have expressed an interest in the
assets and operations of the Corporation.


EnQuest provides energy services throughout North America in the following
primary business segments: transportation services, rig moving, crane services,
specialized heavy hauling, oilfield equipment rentals, retailer of new and
refurbished oil country tubular goods and pipe storage.


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