EnQuest Energy Services Corp.

EnQuest Energy Services Corp.

February 13, 2009 16:04 ET

EnQuest Retains Lightyear Capital

CALGARY, ALBERTA--(Marketwire - Feb. 13, 2009) - 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.

Contact Information

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