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Endeavour Receives Notice from the NYSE

18 Sep 2014 07:00

ENDEAVOUR INTERNATIONAL CORP - Endeavour Receives Notice from the NYSE

ENDEAVOUR INTERNATIONAL CORP - Endeavour Receives Notice from the NYSE

PR Newswire

London, September 17

Endeavour Receives Notice Regarding NYSE Continued Listing Standards HOUSTON, Sept. 17, 2014 -- Endeavour International Corporation (NYSE:END) (LSE: ENDV) announced today that the New York Stock Exchange("NYSE") has notified the Company that it is not in compliance with twoof the NYSE's continued listing standards. The NYSE requires that the average closing price per share of a listedcompany's stock be in excess of $1.00 for a consecutive 30-trading dayperiod. Under this continued listing criteria, Endeavour has a period ofsix months, subject to possible extension, to bring its average shareprice back over $1.00. The Company's common stock expects to be listedand traded on the NYSE during this period. Endeavour plans to notify theNYSE that it anticipates that this deficiency will be cured and that itwill return to compliance with the NYSE continued listing standard. In addition, the Company's total market capitalization has averaged lessthan $50 million over a consecutive 30 trading-day period and its lastreported shareholders' equity (deficit) was also below $50 million. Inaccordance with NYSE procedures, Endeavour has 45-days from receipt ofthe NYSE notice to submit a business plan to the NYSE demonstrating howit intends to comply with the NYSE's continued listing standards.Endeavour intends to develop and submit such a business plan to bring theCompany in compliance, within the required 18 month timeframe. TheCompany's stock expects to trade on the NYSE during the plan period,subject to the compliance with other NYSE continued listing requirements. About Endeavour International Corporation Endeavour International Corporation is an oil and gas exploration andproduction company focused on the acquisition, exploration anddevelopment of oil and natural gas in the North Sea and the UnitedStates. For more information, 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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