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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 LOI for Sale of Speedy Heavy Hauling, Inc.

05/05/2010 5:11pm

Marketwired Canada


ENQUEST ENERGY SERVICES CORP. (TSX VENTURE:ENQ) ("EnQuest" or the "Corporation")
announces that the Corporation has entered into a non-binding Letter of Intent
(the "LOI") with a qualified buyer for the sale of substantially all of the
assets of the Corporation's principal operating subsidiary, Speedy Heavy
Hauling, Inc. The LOI is subject to, among other things, the completion of due
diligence, the entering into of a definitive purchase and sale agreement, and
the receipt of the requisite shareholder and regulatory approvals. 


The Corporation also announces that, effective as of April 29, 2010, the TSX
Venture Exchange (the "Exchange") has suspended trading in the Corporation's
securities as a result of the Corporation's failure to have three directors as
required by Exchange policies. The two current directors of the Corporation are
W.T. David Murray and Ian F. T. Kennedy. Additionally, due to the financial
hardships the Corporation has faced, and the lack of financial resources
available to the Corporation to pay auditors, the Corporation has not completed
audited financial statements for the period ending December 31, 2009, and did
not file such audited financial statements by the April 30, 2010 deadline as
prescribed by applicable Canadian securities laws.


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.


1 Year Enquest Energy Ser Corp Chart

1 Year Enquest Energy Ser Corp Chart

1 Month Enquest Energy Ser Corp Chart

1 Month Enquest Energy Ser Corp Chart