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EnQuest PLC (ENQ.L)

ENQ.L on London Stock Exchange

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Wed, Sep 12 2018

EnQuest aborted sales talks for Kraken stake due to debt deadline: sources

LONDON EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.

UPDATE 1-EnQuest aborted sales talks for Kraken stake due to debt deadline - sources

* Opted for loan against ringfenced stake instead of sale (Updates paragraph 10 on debt position)

EnQuest aborted sales talks for Kraken stake due to debt deadline- sources

LONDON, Sept 12 EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.

EnQuest to issue discounted shares to buy Magnus oilfield

LONDON UK-focused oil company EnQuest is offering new discounted shares to buy out the Magnus oilfield and has borrowed money against 15 percent of its Kraken field as it seeks to reduce its debt pile of almost $2 billion.

UPDATE 3-EnQuest to issue discounted shares to buy Magnus oilfield

* Shares down about 13 pct (Recasts, adds detail, share price reaction)

EnQuest plans $138 mln rights issue to buy all of Magnus oil field

LONDON, Sept 7 UK-focused oil company EnQuest , which already owns a quarter of the Magnus oil field, is planning a rights issue for $138 million to help it buy the rest from BP, it said on Friday.

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