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Endeavour Completes Sales and Forms JV

14 Nov 2013 07:00

ENDEAVOUR INTERNATIONAL CORP - Endeavour Completes Sales and Forms JV

ENDEAVOUR INTERNATIONAL CORP - Endeavour Completes Sales and Forms JV

PR Newswire

London, November 13

Endeavour Completes Sale and Forms Joint Venture with Samson Exploration, LLC in the Pennsylvania Marcellus HOUSTON, Nov. 14, 2013 -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) ("Endeavour" orthe "Company") today announced that it has closed on the sale of 50% of its upstream and midstream assets inthe Pennsylvania Marcellus and formed a joint venture with Samson Exploration, LLC. Samson Exploration, LLC is a wholly-owned subsidiary of privately-held Samson Energy Company, LLC with itsheadquarters located in Tulsa, Oklahoma. The agreement provides for the development of the Marcellus assets,with a "cash and carry" component. The joint venture delivers the capital necessary for the next phase ofdevelopment in the core Daniel Field area in Cameron County, Pennsylvania. Initially, the partnership plans to complete three previously drilled and cased horizontal Marcellus wells. Thesewells will be tied into a new third-party pipeline being constructed by EQT Corporation that allows firm capacity ofup to 10 MMCF/D, with potential for future expansion. Endeavour will operate this initial phase of activity, which isexpected to be completed by midyear 2014. Endeavour International Corporation is an international oil and gas exploration and production company focusedon the acquisition, exploration and development of energy reserves in the North Sea and United States. For moreinformation, visit www.endeavourcorp.com. SOURCE Endeavour International Corporation

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

Date   Source Headline
12th Mar 20087:00 amPRNFinal Results
5th Mar 20087:00 amPRNEndeavour Announces Increase in Year-end Reserves
4th Mar 20087:00 amPRNNotice of Results
12th Feb 20082:30 pmPRNEndeavour Awarded Norwegian Exploratory Blocks
29th Jan 20087:30 amPRNFinancial Transactions.
28th Jan 20082:30 pmPRNIssue of Debt
11th Jan 20086:25 pmPRNDoc re 8-K Filing with SEC
27th Dec 20074:26 pmPRNStatement re Aegis Well Agreement
27th Dec 20077:00 amPRNIssue of Debt
19th Dec 200711:00 amPRNStatement Re: Capital Expenditure Budget
18th Dec 20077:00 amPRNStatement re Endeavour's listing on the LSE

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