PRODUCTION CONTINUES TO DRIVE EARNINGS AND CASH FLOW
PRODUCTION SUMMARY

Production from 1 January to 30 April 2012 averaged 20,976 Boepd, in line with expectations. EnQuest confirms guidance of an average of between 20,000 Boepd and 24,000 Boepd for the full year. As previously announced, EnQuest anticipates average production of between 25,000 Boepd and 30,000 Boepd in 2013.
Amjad Bseisu, Chief Executive, said

“We have had a busy 2012 to date, with three transactions giving us a 60% working interest in the exciting Kraken development as well as the purchase of an additional 18.5% of West Don. Our production for 2012 is going according to plan and the Alma/Galia development is on schedule. Today, we are announcing further additions to our growing pipeline of potential developments, with an increase in our position in the Kildrummy discovery from 40% to 60% and in the Cairngorm discovery from 50% to 100%.

Our production continues to drive our earnings and cash flow, putting us...