Stratic Announces Court Approval of Proposed Plan of Arrangement with EnQuest
PLC

CALGARY AND LONDON, Nov. 4 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM: 'SE.') ("Stratic" or the "Company") announces that the Supreme Court of Yukon has today granted a final order approving the previously announced plan of arrangement (the "Arrangement") with EnQuest PLC ("EnQuest") under the Business Corporations Act (Yukon). The Arrangement provides for the acquisition by EnQuest of all of the issued and outstanding Stratic shares in exchange for ordinary shares of EnQuest on the basis of 0.089626 of an EnQuest share for each Stratic share. Today's court order follows the approval of the Arrangement by the Company's shareholders at a special meeting held on November 2, 2010.

Having now received all necessary shareholder, court and other approvals the Arrangement is scheduled to be completed after close of markets on November 5, 2010. Upon completion the Company will become a wholly-owned subsidiary of EnQuest and all Stratic shareholders will be entitled to receive EnQuest shares in exchange for their Stratic shares based on the exchange ratio of 0.089626 of an EnQuest share for each Stratic share. Accordingly, the Company has taken steps to cause the Stratic shares to be delisted from the TSX Venture Exchange and their admission to trading on the Alternative Investment Market ("AIM") of the London Stock Exchange to be cancelled as soon as practicable following completion, which steps are anticipated to result in the Stratic shares ceasing to trade on either such market after the date of completion.

Details of the Arrangement and the business of EnQuest are contained in the Information Circular and Proxy Statement of Stratic dated September 28, 2010. Copies of the Information Circular and Proxy Statement, together with the letter of transmittal by which registered shareholders of the Company may surrender the certificates representing their Stratic shares in exchange for the EnQuest shares issuable under the Arrangement, were posted to shareholders and are also available electronically on SEDAR at www.sedar.com and the Company's website at www.straticenergy.com.

Notes to Editors:

EnQuest (www.enquest.com) is an independent oil and gas production and development company focused on the UK Continental Shelf ("UKCS"). On 6 April 2010 EnQuest was formed from the demerged UK North Sea assets of Petrofac Limited and Lundin Petroleum AB. The EnQuest shares are listed on the London Stock Exchange and on the NASDAQ OMX Stockholm and are included in the FTSE250 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 scheduled completion of the Arrangement and the anticipated delisting the Stratic shares from the TSX Venture Exchange and 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 precedent as more particularly described in the Information Circular and Proxy Statement of Stratic dated September 28, 2010. The Arrangement could be delayed if any condition to closing is not satisfied on expected timelines and may not be completed at all if any such condition cannot be satisfied. There can be no assurance that the Arrangement will be completed as proposed, or at all.

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