TIDMENDV 
 
Endeavour Comments on Stock Price and Updates Q2 2014 Guidance 
 
HOUSTON, June 10, 2014 -- Endeavour International Corporation (NYSE: END) (LSE: 
ENDV) today announced that it has received numerous calls from analysts and 
investors making inquiries regarding recent market activity in the Company's 
stock. Management of the Company is unaware of any reason why recent trading of 
the stock has resulted in a significant decrease in its price over the last few 
days. 
 
William L. Transier, the Company's Chairman, President and Chief Executive 
Officer, stated: "Endeavour remains committed to generating value for its 
shareholders through exploitation of our assets, operational efficiencies and 
managing the capital structure. Since our last update to the market in early 
May, our three large U.K. assets have been online and producing at consistent 
rates.  As a result, we are revising our second quarter production guidance to 
10,500-11,500 barrels of oil equivalent per day ("boepd") up from our previous 
guidance of 9,000-10,000 boepd. 
 
Regarding liquidity, we have executed another Forward Sale for $22.5 million 
and have settled an insurance claim for the Rochelle E1 well, damaged in early 
2013, for GBP7.5 million (approximately $12.6 million).  The insurance claim is 
expected to be paid before the end of this month." 
 
The Company's second quarter conference call will be held on August 5, 2014 to 
update the markets on its operational and financial activities. 
 
About Endeavour International Corporation 
 
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. 
 
Forward-looking Statements 
 
This press release contains certain "forward-looking statements," as such term 
is defined in Section 21E of the Securities Exchange Act of 1934, as amended, 
relating to future events and the financial performance of Endeavour.  Such 
statements are only predictions and involve risks and uncertainties, resulting 
in the possibility that the actual events or performance will differ materially 
from such predictions as a result of certain risk factors.  As such, readers 
are cautioned not to place undue reliance on forward-looking statements, which 
speak only as to management's plans, assumptions and expectations as of the 
date hereof. Please refer to Endeavour's Annual Report on Form 10-K for the 
year ended December 31, 2013 filed with the SEC on March 17, 2014, Form 10-K/A 
filed on March 21, 2014 and other filings for a discussion of material risk 
factors.  Endeavour disclaims any duty to update or alter any forward-looking 
statements, except as required by applicable law. 
 
SOURCE Endeavour International Corporation 
 
CONTACT:  Endeavour - Investor Relations, Darcey Matthews, +1-713-307-8711 
 
 
 
END
Endeavour (LSE:ENDV)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Endeavour Charts.
Endeavour (LSE:ENDV)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Endeavour Charts.