HOUSTON, March 11, 2011 /PRNewswire/ -- Endeavour
International Corporation (NYSE Amex: END) (LSE: ENDV) is pleased
to announce that it has applied to list its common stock on the New
York Stock Exchange (NYSE). Currently, the company is listed on the
NYSE Amex. The company anticipates that trading will begin on or
about March 15, 2011 under its
current ticker symbol "END."
"The transition to the New York Stock Exchange represents a
significant milestone for our company which will benefit our common
stockholders through increased liquidity and visibility," said
William L. Transier, chairman, chief
executive officer and president. "The New York Stock Exchange is
one of the world's premier exchanges and we are proud to join the
other companies privileged to be traded on this market."
"We are pleased to welcome Endeavour International Corporation
to the NYSE," said Scott Cutler, EVP
and Co-Head of U.S. Listings and Cash Execution, NYSE Euronext.
"Endeavour joins the world's leading oil and gas companies on the
NYSE, where it will benefit from the outstanding global visibility
and superior market quality and services provided by listing on
NYSE Euronext markets. We look forward to a strong, lasting
partnership."
Endeavour has notified the NYSE Amex that it will voluntarily
delist its common stock from the NYSE Amex. The last day of trading
of the common stock on the NYSE Amex is expected to be on or about
March 15, 2011. Until the common
stock begins trading on the NYSE, the company's common stock will
remain trading on the NYSE Amex.
Endeavour International Corporation is an international oil and
gas exploration and production company focused on the acquisition,
exploration and development of energy reserves in the North Sea and
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 of as of the date made. Such
statements are subject to assumptions, risk and uncertainty. Actual
results or events may vary materially.
As of January 1, 2010, the
Securities and Exchange Commission (SEC) changed its rules to
permit oil and gas companies, in their filings with the SEC, to
disclose not only proved reserves, but also probable reserves and
possible reserves. Proved oil and gas reserves are those quantities
of oil and gas, which, by analysis of geoscience and engineering
data, can be estimated with reasonable certainty to be economically
producible - from a given date forward, from known reservoirs, and
under existing economic conditions, operating methods, and
government regulations - prior to the time at which contracts
providing the right to operate expire. Probable reserves include
those additional reserves that a company believes are as likely as
not to be recovered and possible reserves include those additional
reserves that are less certain to be recovered than probable
reserves. We may use certain terms in our news releases, such as
"reserve potential," that the SEC's guidelines strictly prohibit us
from including in filings with the SEC. In addition, we do not
represent that the probable or possible reserves described herein
meet the recoverability thresholds established by the SEC in its
new definitions. Investors are urged to also consider closely the
disclosure in our filings with the SEC, available from our website
at http://www.endeavourcorp.com. Endeavour is also subject to the
requirements of the London Stock Exchange and considers the
disclosures in this release to be appropriate and/or required under
the guidelines of that exchange.