EnQuest agree to acquire the entire issued share capital of Stratic Energy
EnQuest acquired Stratic Energy in a deal consisting of shares and refinancing of debt. The deal allows EnQuest to further consolidate its operated working interest in the West Don field, and also capitalise on Stratic Energy's portfolio of technical fields - notably Crawford Redevelopment. For Stratic Energy, the acquisition became the best option to alleviate its ongoing debt problems and give shareholders an opportunity to achieve upside on their investment. Parties ...