Proposed EnQuest acquisition of a third tranche of the Kraken discovery

EnQuest PLC (‘EnQuest’) today announces that it has agreed with First Oil plc (‘First Oil’) the proposed acquisition of a further 15% interest in blocks 9/2b and 9/2c including the Kraken oil discovery (‘Kraken’), bringing EnQuest’s total interest in Kraken to 60%. Today’s agreement is subject to the normal regulatory and partner consents and is also conditional on EnQuest shareholder approval