ENQ Enquest Energy Ser Corp

EnQuest Energy Services Corp. ("EnQuest" or the "Corporation") (TSX VENTURE:ENQ)
as part of the ongoing rationalization of its operations is pleased to announce
the closing of the sale of substantially all of the operating assets previously
owned by Northwell Oilfield Hauling Ltd. ("Northwell") for $4.8 million CDN in
cash to Terracore Specialty Drilling Ltd. The proceeds will be used for the
retirement of debt and for working capital purposes.


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.


Lightyear Capital Inc., as the financial advisor to the Corporation on the
transaction, will receive a finder's fee in the amount of 1.5% of the sale price
of the Northwell assets.

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