ENDV Endeavour International Corporation

 
TIDMENDV 
 
Endeavour Announces Approval of UK Field Development Plan 
 
    HOUSTON, June 30 -- Endeavour International Corporation (NYSE-Amex: END) 
(LSE: ENDV) announced today that the United Kingdom Department of Energy and 
Climate Control (DECC) has approved plans for the development of the Baachus 
oil field in Block 22/6a in the Central North Sea. Endeavour holds a 10 
percent interest in the 2005 discovery. 
 
    "We are pleased that the energy minister has accepted our group's plan to 
develop the Baachus field," said William L. Transier, chairman, chief 
executive officer and president. "This is the first approval of four field 
development plans that Endeavour has submitted for review by the UK 
government, and we are encouraged that the other three projects will be 
approved over the next 12 months." 
 
    The plan calls for a subsea development with three wells to be drilled 
and linked to production facilities at the nearby Forties Field, the largest 
oil field in the North Sea operated by Apache Corporation. Apache also 
operates and holds a 70 percent working interest in the Baachus development 
with the remaining 20 percent interest held by Shell UK. First production is 
planned for the first half of 2011. 
 
    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 and the United States. 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. The estimates of recoverable resources per well and completed 
well costs included herein are based upon other typical results in these 
shale plays and may not be indicative of actual results. 
 
 
SOURCE  Endeavour International Corporation 
 
    CONTACT: Investor Relations, Mike Kirksey of Endeavour International 
Corporation, +44 (0) 207 451 2364 or +1-713-307-8788; or UK Media, Philip 
Dennis, +44 (0) 207 743 6363, or Henry Lerwill, +44 (0) 203 178 6242, both of 
Pelham Public Relations, for Endeavour International Corporation 
 
 
 
 
 
END 
 

Endeavour (LSE:ENDV)
Historical Stock Chart
From Jun 2024 to Jul 2024

Endeavour (LSE:ENDV)
Historical Stock Chart
From Jul 2023 to Jul 2024