Endeavour Intl Corp Endeavour Completes Sales and Forms JV
November 14 2013 - 2:00AM
UK Regulatory
TIDMENDV
Endeavour Completes Sale and Forms Joint Venture with Samson Exploration, LLC in
the Pennsylvania Marcellus
HOUSTON, Nov. 14, 2013 -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) ("Endeavour" or
the "Company") today announced that it has closed on the sale of 50% of its upstream and midstream assets in
the Pennsylvania Marcellus and formed a joint venture with Samson Exploration, LLC.
Samson Exploration, LLC is a wholly-owned subsidiary of privately-held Samson Energy Company, LLC with its
headquarters located in Tulsa, Oklahoma. The agreement provides for the development of the Marcellus assets,
with a "cash and carry" component. The joint venture delivers the capital necessary for the next phase of
development in the core Daniel Field area in Cameron County, Pennsylvania.
Initially, the partnership plans to complete three previously drilled and cased horizontal Marcellus wells. These
wells will be tied into a new third-party pipeline being constructed by EQT Corporation that allows firm capacity of
up to 10 MMCF/D, with potential for future expansion. Endeavour will operate this initial phase of activity, which is
expected to be completed by midyear 2014.
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 www.endeavourcorp.com.
SOURCE Endeavour International Corporation
CONTACT: Endeavour - Investor Relations, Darcey Matthews, 713-307-8711
END
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