EnQuest PLC Announces Stratic Shareholder Approval of Proposed Plan of Arrangement 2 November 2010

Stratic has stated that it will apply to the Supreme Court of Yukon for a final order approving the Arrangement at a hearing scheduled for November 4, 2010. If the final order is granted and all other conditions precedent are satisfied or waived at such time, Stratic expects that the Arrangement will be completed and become binding upon all Stratic shareholders on or about November 5, 2010. If the Arrangement becomes effective all Stratic shareholders will become shareholders of EnQuest and Stratic will become a wholly owned subsidiary of EnQuest.