ENDV.L Regulatory News (ENDV)

Endeavour Obtains Interim Stock and Claims Order for Trading Requirements HOUSTON, Oct. 17, 2014 -- Endeavour International Corporation (OTC: ENDRQ) (LSE:ENDV) announced today that on October 10, 2014, it and certain of itssubsidiaries, including Endeavour Operating Corporation (collectively, the"Debtors"), filed a motion (the "Motion") with the United States BankruptcyCourt for the District of Delaware (the "Bankruptcy Court") seeking an order(i) restricting certain transfers of interest in Endeavour common stock andpreferred stock and, depending on the Debtors' proposed chapter 11 plan whenfiled, certain transfers of claims against the Debtors, and (ii) imposingcertain notification requirements with respect to substantial owners ofEndeavour stock (by class) and substantial owners of claims against the Debtors(namely, Endeavour's 12% First Priority Notes, its 12% Second Priority Notes,and any unsecured claims against the Debtors). The order is intended to preventcertain transfers of stock of Endeavour and certain transfers of claims againstthe Debtors that could impair the ability of one or more of the Debtors'estates to use, to the extent otherwise available, their net operating losscarryovers and certain other tax attributes during bankruptcy and on areorganized basis. On October 15, 2014, the Bankruptcy Court entered an order on an interim basisgranting the Motion. All procedures reflected in the interim order currentlyapply and must be complied with. Accordingly, any acquisition, disposition, orother transfer of equity or claims on or after October 10, 2014, in violationof the restrictions set forth in the interim order shall be null and void abinitio or otherwise subject to sanctions as an act in violation of theautomatic stay under sections 105(a) and 362 of the United States BankruptcyCode. A final hearing on the Motion and requested relief is scheduled forNovember 10, 2014, at 10 a.m. before The Honorable Kevin J. Carey at theBankruptcy Court, 824 North Market Street, Wilmington, Delaware 19801. The requested relief and interim order apply to "Substantial Equityholders,"being persons who are, or as a result of a transaction would become, thebeneficial owner of approximately 4.75% or more of the outstanding shares ofany class of common or preferred stock of Endeavour. It also applies to holdersof a substantial amount of claims, being persons who are, or as a result of atransaction become, the beneficial owner of Endeavour's 12% First PriorityNotes, 12% Second Priority Notes, and/or unsecured claims against the Debtorsin excess of an amount of such claims which, taking into account any otherinterests for which the holder may receive stock in the reorganized Debtors,could result in such holder holding the "Applicable Percentage," generally 4.5%or more, of the stock of the reorganized Debtors, by vote or value. The preciseamount of claims will be disclosed in connection with the Debtors' filing oftheir proposed chapter 11 plan and disclosure statement in the event theDebtors reasonably anticipate taking advantage of certain tax provisionsrelating to a debtor's ability to utilize loss carryovers and certain other taxattributes on a reorganized basis. A copy of the notice of the interim order,which includes complete definitions, the provisions potentially applicable toholders of a substantial amount of claims, and the applicable notificationrequirements and restrictions, is available on the website of the Debtors'claims agent: www.kccllc.net/endeavour. About Endeavour International Corporation Endeavour International Corporation is an oil and gas exploration andproduction company focused on the acquisition, exploration and development ofoil and natural gas in the North Sea and the United States. For moreinformation, visit www.endeavourcorp.com. Forward-looking Statements This press release contains certain "forward-looking statements," as such termis defined in Section 21E of the Securities Exchange Act of 1934, as amended,relating to future events and the financial performance of Endeavour. Suchstatements are only predictions and involve risks and uncertainties, resultingin the possibility that actual events or performance will differ materiallyfrom such predictions as a result of certain risk factors. As such, readers arecautioned not to place undue reliance on forward-looking statements, whichspeak only to management's plans, assumptions and expectations as of the datehereof. Please refer to Endeavour's Annual Report on Form 10-K for year endedDecember 31, 2013, filed with the SEC on March 17, 2014, Form 10-K/A filed onMarch 21, 2014 and other filings for a discussion of material risk factors.Endeavour disclaims any duty to update or alter any forward-looking statements,except as required by applicable law.

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