24 Oct 2008 07:00
Endeavour Announces Successful Well in Norwegian Brage Field
HOUSTON, Oct. 24 -- Endeavour International Corporation today announced a discovery at the site of the Knockandoo prospect in the Brage field located in PL055 in the Norwegian North Sea.
The Brage platform well 31/4-A-01 AT2 well found oil in the upper part of the Middle Jurassic Brent Group. The operator StatoilHydro estimates "the size of the discovery is between 1.8 and 6.3 million barrels of oil recoverable." The well was not tested; however, extensive data was acquired during the drilling.
"The Knockandoo discovery continues a string of successes in Norway," said William L. Transier, chairman and chief executive officer. "More importantly, this success will add current production very soon because of its proximity to existing infrastructure."
The well was drilled to a vertical depth of 2,513 meters in a water depth of 137 meters and was terminated in the Lower Jurassic Statfjord Group. The well is now being completed and will be put on production at Brage field. Endeavour has 4.44% equity in the well.
Endeavour International Corporation is an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea. For more information, visit http://www.endeavourcorp.com.
Certain statements in this news release should be regarded as "forward-looking" statements within the meaning of the securities laws. These statements speak only as of the date made. Such statements are subject to assumptions, risk and uncertainty. Actual results or events may vary materially.
SOURCE Endeavour International Corporation
10/24/2008
/CONTACT: Investor, Mike Kirksey of Endeavour, +1-713-307-8788; or UK Broker, Majid Shafiq of Tristone Capital, +44 (0) 207 355 5800, for Endeavor; or UK Media, Philip Dennis, +44 (0) 207 743 6363, or Mark Antelme, +44 (0) 203 178 6242, both of Pelham pr, for Endeavor/
/Web site: http://www.endeavourcorp.com /
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