Acquisition of Stratic Energy


 

TIDMSE. 
 
RNS Number : 0346V 
Stratic Energy Corporation 
26 October 2010 
 

 
                                  NEWS RELEASE 
 
 Acquisition of Stratic Energy Corporation by EnQuest PLC 
                                Voting Procedures 
CALGARY and LONDON, October 26, 2010 - Stratic Energy Corporation (TSX Venture: 
'SE', AIM: 'SE.') ("Stratic" or the "Company") wishes to remind shareholders of 
the forthcoming special meeting to be held on November 2, 2010 at which 
shareholders will be asked to vote upon the previously announced plan of 
arrangement (the "Arrangement") with EnQuest PLC ("EnQuest"). The special 
meeting is scheduled to be held at 10:00 a.m. (Toronto time) at the Toronto 
Marriott Bloor Yorkville Hotel in Toronto, Ontario, Canada. 
In order to proceed, the Arrangement must be approved by a majority of not less 
than 66 2/3 % of votes cast by shareholders in person or by proxy at the special 
meeting and, if endorsed, must also be approved by the Supreme Court of Yukon 
pursuant to the arrangement provisions of the Business Corporations Act (Yukon). 
Details of the Arrangement and the business of EnQuest are contained in the 
Information Circular and Proxy Statement (the "Circular") dated September 28, 
2010, which has been posted to shareholders. This document can be accessed at 
www.sedar.com and on the Company's website www.straticenergy.com. 
Details of the voting procedure, depending on the manner in which the Stratic 
shares are held or registered, are set out in the "General Proxy Matters" 
section on page 66 of the Circular. Shareholders are urged to ensure that their 
instructions regarding the voting of their Stratic shares are properly 
communicated to the appropriate person well in advance of the special meeting on 
November 2, 2010. 
 
The board of directors of Stratic has unanimously determined that the 
Arrangement is in the best interests of Stratic and the Stratic shareholders, 
and unanimously recommends that Stratic shareholders vote on favour of the 
Arrangement.  All of Stratic's directors and senior officers intend to vote 
their Stratic shares in favour of the Arrangement. 
 
For further information contact: 
Company: 
Kevin Watts, President and Chief Executive Officer 
+44 20 7766 7900 
John van der Welle, Chief Financial Officer 
     +44 20 7766 7900 
Mark Bilsland, Chief Operating Officer 
      +44 20 7766 7900 
 
Public and investor relations: 
Patrick d'Ancona, M:Communications (London) 
+44 20 7920 2347 
Roger Fullerton (Canada) 
            +1   952 929 7243 
Email: roger.fullerton@straticenergy.com 
 
Financial advisor and NOMAD: 
David Kotler, Lazard 
               +44 20 7187 2000 
Nick Fowler, Lazard 
              +44 20 7187 2000 
 
Website:  www.straticenergy.com 
 
Notes to Editors: 
EnQuest is an independent oil and gas production and development company focused 
on the UK Continental Shelf ("UKCS").  On April 6, 2010 EnQuest was formed from 
the demerged UK North Sea assets of Petrofac Limited and Lundin Petroleum AB. 
EnQuest shares are listed on the London Stock Exchange and on the NASDAQ OMX 
Stockholm and are included in the FTSE250 index and OMX Nordix index on the 
respective exchanges.  EnQuest is completely unrelated to the company EnQuest 
Energy Services Corp., which was formerly listed on the TSX Venture Exchange. 
Reader Advisories 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
This news release does not constitute or form part of an offer to sell or the 
solicitation of an offer to buy, nor shall there be any sale of, securities to 
any person to whom or in any jurisdiction in which such offer, solicitation or 
sale would be unlawful. The securities to be offered have not been and will not 
be registered under the United States Securities Act of 1933, as amended (the 
"U.S. Securities Act"), or any state securities laws, and may not be offered or 
sold in the United States or to or for the account or benefit of a U.S. person 
unless registered under the U.S. Securities Act and applicable state securities 
laws or pursuant to an available exemption from, or in a transaction not subject 
to, the registration requirements thereof. 
Certain statements made herein constitute forward-looking statements, including 
statements concerning the anticipated dates for holding the special meeting of 
Stratic shareholders to consider the Arrangement, for applying to the Court for 
a final order approving the Arrangement, for completing the Arrangement and for 
the delisting of the Stratic shares from the TSX Venture Exchange and the 
cancellation of their admission to trading on AIM.  Although the Company 
believes these statements to be reasonable, the assumptions upon which they are 
based may prove to be incorrect. 
Completion of the Arrangement is subject to a number of conditions, including 
shareholder, court and regulatory approvals and consents. The Arrangement could 
be delayed if the Company is not able to obtain all necessary approvals and 
consents on expected timelines, or not completed at all if any condition to 
closing is not satisfied.  There can be no assurance that the Arrangement will 
be completed as proposed, or at all. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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