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ENDV Announces Chapter 11 Acceleration & CEO Resignation

14 Nov 2014 07:00

ENDEAVOUR INTERNATIONAL CORP - ENDV Announces Chapter 11 Acceleration & CEO Resignation

ENDEAVOUR INTERNATIONAL CORP - ENDV Announces Chapter 11 Acceleration & CEO Resignation

PR Newswire

London, November 14

Endeavour Announces Accelerated Schedule for Chapter 11 Court Hearings and Resignation of William L. Transier as President and Chief Executive Officer HOUSTON, Nov. 13, 2014 -- Endeavour International Corporation (OTC: ENDRQ) (LSE: ENDV) todayannounced an accelerated timetable for its Chapter 11 proceedings. The Company anticipates scheduling thefollowing hearing dates with the United States Bankruptcy Court for the District of Delaware: * A hearing to be held on December 17, 2014, for the purpose of obtaining the Bankruptcy Court's approval of the Disclosure Statement to be filed by the Company in connection with the Company's proposed Plan of Reorganization (the "Plan") (each of which will be filed by the Company consistent with the terms of the Restructuring Support Agreement previously announced by the Company). * A hearing to be held on February 3, 2015, for the purpose of obtaining confirmation by the Bankruptcy Court of the Plan. The Company also announced that William L. Transier requested that the Board of Directors accept hisresignation as President and Chief Executive Officer of the Company, effective December 1, 2014, which requestwas accepted. Mr. Transier will continue as Chairman of the Board of the Company. About Endeavour International Corporation Endeavour International Corporation is an oil and gas exploration and production company focused on theacquisition, exploration and development of oil and natural gas in the North Sea and the United States. For moreinformation, visit www.endeavourcorp.com. SOURCE Endeavour International Corporation

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

Date   Source Headline
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27th Jan 20147:00 amPRNEndeavour Closes $255 Million First Lien Term Loan
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