EnQuest Energy Services Corp.

EnQuest Energy Services Corp.

July 02, 2009 12:24 ET

EnQuest Grants Stock Options

CALGARY, ALBERTA--(Marketwire - July 2, 2009) - EnQuest Energy Services Corp. ("EnQuest") (TSX VENTURE:ENQ) announces today that, pursuant to its stock option plan, it has granted options to acquire up to 360,000 common shares of EnQuest, of which 340,000 options were granted to certain key officers/employees and a director of EnQuest. Each of the options is exercisable for a five year term expiring on July 2, 2014, and exercisable until that time at a price of $0.75 per common share (the current market price of the common shares is $0.65 based on the closing price on the last trading day prior to the date of grant). The options, and any common shares issued upon exercise of the options, are subject to a four month hold period expiring November 3, 2009.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • EnQuest Energy Services Corp.
    W.T. David Murray
    Chief Executive Officer
    (970) 241-3420
    (970) 242-5078 (FAX)
    Email: wtdmurray@enquestenergy.com