ENQ Enquest Energy Ser Corp

ENQUEST ENERGY SERVICES CORP. (TSX VENTURE:ENQ) ("EnQuest" or the "Corporation")
announces that the Corporation has entered into a non-binding Letter of Intent
(the "LOI") with a qualified buyer for the sale of substantially all of the
assets of the Corporation's principal operating subsidiary, Speedy Heavy
Hauling, Inc. The LOI is subject to, among other things, the completion of due
diligence, the entering into of a definitive purchase and sale agreement, and
the receipt of the requisite shareholder and regulatory approvals. 


The Corporation also announces that, effective as of April 29, 2010, the TSX
Venture Exchange (the "Exchange") has suspended trading in the Corporation's
securities as a result of the Corporation's failure to have three directors as
required by Exchange policies. The two current directors of the Corporation are
W.T. David Murray and Ian F. T. Kennedy. Additionally, due to the financial
hardships the Corporation has faced, and the lack of financial resources
available to the Corporation to pay auditors, the Corporation has not completed
audited financial statements for the period ending December 31, 2009, and did
not file such audited financial statements by the April 30, 2010 deadline as
prescribed by applicable Canadian securities laws.


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.

Enquest Energy Ser Corp (TSXV:ENQ)
Historical Stock Chart
From May 2024 to Jun 2024

Enquest Energy Ser Corp (TSXV:ENQ)
Historical Stock Chart
From Jun 2023 to Jun 2024