ENDV.L Regulatory News (ENDV)

Endeavour Announces One Day Forbearance Agreement with Noteholders HOUSTON, Oct. 10, 2014 -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) todayannounced that the Company and certain of its subsidiaries have entered into extensions of theirforbearance agreements (the "Forbearance Agreements") with holders of a majority of its 12% FirstPriority Notes due 2018, 12% Second Priority Notes due 2018 and 6.5% Convertible Senior Notes due2016 (collectively, the "Notes"). As previously announced by the Company, the Company did not make the September 2, 2014 interestpayments due on the Notes, triggering a 30-day grace period that ended on October 1, 2014. Becausethe interest payments were not made during the grace period, an event of default occurred under eachseries of Notes. Under the terms of the extended Forbearance Agreements, the noteholders have agreedto forbear from exercising remedies against the Company arising from such defaults for one additionalday, expiring at 11:59 p.m. on October 10, 2014. The Company remains engaged in discussions with representatives of certain holders of its variousclasses of indebtedness, including the holders of Notes, regarding a debt restructuring plan that would beeffected by the Company pursuant to a chapter 11 filing. No assurances can be given, however, that suchdiscussions will result in an agreement for a debt restructuring plan. About Endeavour International Corporation Endeavour International Corporation is an international oil and gas exploration and production companyfocused on the acquisition, exploration and development or energy reserves in the North Sea and UnitedStates. For more information, visit www.endeavourcorp.com. Forward-looking Statements This press release contains certain "forward-looking statements," as such term is defined in Section 21Eof the Securities Exchange Act of 1934, as amended, relating to future events and the financialperformance of Endeavour. Such statements are only predictions and involve risks and uncertainties,resulting in the possibility that the actual events or performance will differ materially from such predictionsas a result of certain risk factors. As such, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as to management's plans, assumptions and expectations as of thedate hereof. Please refer to Endeavour's Annual Report on Form 10-K for year ended December 31, 2013filed with the SEC on March 17, 2014, Form 10-K/A filed on March 21, 2014 and other filings for adiscussion of material risk factors. Endeavour disclaims any duty to update or alter any forward-lookingstatements, except as required by applicable law. SOURCE Endeavour International Corporation

CONTACT: Endeavour - Investor Relations, Darcey Matthews, +1-713-307-8711