ENQUEST PLC - Liquidity enhanced by over $100 million
26 October 2017 EnQuest announces the execution of an $80 million crude oil prepayment transaction and a $37.25 million refinancing for its Tanjong Baram project in Malaysia. These transactions directly provide EnQuest with over $100 million of additional financial resources. This is part of the ongoing programme of prudent measures to improve liquidity. The $80 million crude prepayment entered into with Mercuria Energy Trading SA involves repayment in equal monthly instalments over 18 months, through the delivery of an aggregate of approximately 1.8 mmbbls of oil. EnQuest will