Magnus Acquisition and Rights Issue
Proposed Acquisition of Magnus and Drilling of Two Magnus Wells Funded by a £107m Rights Issue and Proposed Exercise of Thistle Option 7 September 2018 EnQuest PLC ("EnQuest" or "the Company"), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges (ENQ.L and ENQ.ST), is pleased to announce its proposal to exercise certain options relating to the Magnus field, and the Thistle and Deveron fields (the "Magnus Transaction" and the "Thistle Transaction" respectively) (together, the "Proposed Transactions"). The Magnus