EnQuest Retains Lightyear Capital

EnQuest (TSX VENTURE:ENQ) is pleased to announce that it has retained Lightyear
Capital Inc. to advise the Corporation and to provide guidance to a special
committee comprised of all of the independent directors of the Corporation,
which committee was struck in response to current economic conditions to
consider a number of strategies to strengthen EnQuest's position going forward.


Further information regarding EnQuest's comments on its outlook for 2009 and the
special committee were made in its January 15, 2009 press release.


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.


Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain
information contained herein constitutes forward-looking statements.
Forward-looking statements are based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements. The
Corporation undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.