Endeavour Intl Corp Endeavour Receives Regulatory Approval on MPP
April 29 2013 - 8:00AM
UK Regulatory
TIDMENDV
Endeavour Receives Regulatory Approval for Monetary Production Payment
HOUSTON, April 29, 2013 -- Endeavour International Corporation
(NYSE: END) (LSE: ENDV) today announced that it had received United Kingdom
regulatory approval for the Monetary Production Payment ('MPP').
Endeavour entered into the MPP in March with a group of investors for the
purchase price amount of $107.5 million. The MPP will be satisfied out of the
production from certain U.K. North Sea assets. The additional proceeds from the
MPP of $64.5 million are expected to be funded this week.
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/.
SOURCE Endeavour International Corporation
CONTACT: Endeavour - Investor Relations, Darcey Matthews, 713.307.8711
END
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