Enquest PLC London (PK) (USOTC:ENQUF)
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From May 2019 to May 2024

EnQuest PLC (ENQ.LN), an oil production & development company, said Wednesday that its subsidiary Lundin Heather (now EnQuest Heather), has been offered four licences in the 26th Oil and Gas Licensing Round of the U.K.'s Department of Energy and Climate Change.

MAIN FACTS:

-The licenses offered to EnQuest Wednesday include:

*3/1 billion (Split) - Obligations to; obtain and reprocess 3D (firm), drill or drop (contingent)

*21/27a (Part) & 28/2 (Part) - Obligations to; obtain 3D (firm), drill or drop (contingent)

*30/24 (Split) - Obligations to; obtain 3D (firm), drill or drop (contingent)

*30/24 (Split) & 30/25 (Split) - Obligations to be confirmed

-All of these licences are 'Traditional' and are offered to EnQuest as Operator and with a 100% interest.

-EnQuest is also a partner in licence 3/17 offered Wednesday to Apache as Operator - Obligations to; obtain and reprocess 3D (firm), drill or drop (contingent).

-Shares closed Wednesday at 130 pence, valuing the company at GBP1.01 billion.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com