Independent oil and gas production and development company, EnQuest PLC (ENQ.LN) said Tuesday shareholders of Stratic Energy Corporation (SCRGF) approved the arrangement for EnQuest to acquire all of the issued and outstanding shares of Stratic Energy on the basis of 0.089626 of an EnQuest share for each Stratic share.

MAIN FACTS:

-Stratic will apply to the Supreme Court of Yukon for a final order approving the Arrangement at a hearing scheduled for Nov. 4.

-If the final order is granted and all other conditions precedent are satisfied or waived at such time, Stratic expects that the arrangement to be completed and become binding upon all Stratic shareholders on or about Nov. 5.

-Shares of EnQuest at 1543 GMT up 4 pence or 3.10% at 133.20 pence.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com