Independent oil and gas production and development company, EnQuest PLC, (“EnQuest”) announced on 21 December 2010 that it had agreed to dispose of its 48.75% interest in the Petišovci Project (‘the Project’) in Slovenia, in return for a 22.5% equity stake (150,903,958 new ordinary shares) in Ascent Resources plc (“Ascent”). Ascent is an AIM traded oil and gas exploration and production company. EnQuest had acquired its interest in the Project through its November 2010 acquisition of Stratic Energy Corporation. EnQuest now reports that it has completed this transaction.