HOUSTON, Sept. 22 /PRNewswire-FirstCall/ -- Endeavour
International Corporation (NYSE-Amex: END) (LSE: ENDV) announced
today that John G. Williams,
executive vice president - exploration, will retire effective
September 30, 2010. Since
joining Endeavour in 2007, he has been a member of the company's
executive committee assigned to the company's London office as head of exploration. He will
continue his association with the company in a consulting capacity
throughout the remainder of the year.
In conjunction with the retirement of Williams, the company
announces that it will combine its UK exploration and operations
teams into a single operating group. Carl D. Grenz, currently
executive vice president of operations, will assume responsibility
for all UK operations as executive vice president - international
and continue to serve on the company's executive management
committee.
As part of the reorganization of the UK operations, Endeavour
named Jim Munns to the new role of
Director of Regulatory Affairs, expanding on his previous
responsibilities with DECC and other regulatory groups
relevant to Endeavour's efforts in the North Sea. Nick Terrell will become Director of Exploration
responsible for the company's exploration activities in the UK.
Both will report directly to Mr. Grenz.
The company also announced that it will form a new committee of
the board entitled "Technology and Reserves." The committee,
chaired by John N. Seitz, vice
chairman and co-founder of Endeavour, will support the board
providing increased focus on emerging technologies in the upstream
industry and oversight of the company's reserve evaluation and
reporting processes.
William L. Transier, chairman,
chief executive officer and president, said:
"John Williams has played a key
role in helping the company build its presence in the North Sea.
His exploration expertise and knowledge of the region have been
invaluable as we developed an effective strategy for managing our
portfolio in the region. John has been an important member of our
executive team, and we wish him the very best during his
retirement.
Carl Grenz has tremendous
experience in managing new developments in the North Sea. Under our
new geographic organization and with Carl's leadership, Endeavour
will continue to focus on production and growth in the UK."
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
Copyright . 22 PR Newswire