Endeavour International Corporation (Endeavour) is an independent oil and gas company engaged in the exploration, development and acquisition of energy reserves in the United States and United Kingdom. Endeavour has three major producing assets in the United Kingdom sector of the North Sea and has several focus areas in the United States that includes significant positions in highly prospective oil shale frontier plays and gas shale.At present, the company has five producing fields in the United Kingdom, including Alba, Bacchus, Bittern Enoch and Rochelle. In the US, the company has gas production in the Louisiana Haynesville and the Pennsylvania Marcellus and is testing its oil frontier plays in Colorado and Montana. As of December 31, 2013 Endeavour had proved reserves of 67,173 million cubic feet (MMcf) of natural gas and 12,343 thousands of barrels (Mbbls) of crude oil for a combined 23.5 million barrels of oil equivalent (MBOE).
|10/10/14||Endeavour Executes Restructuring Support Agreement Pursuant to Chapter 11 Proceedings|
|Endeavour will Continue to Conduct Business in the Ordinary Course
HOUSTON, Oct. 10, 2014 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that the Company has executed a Restructuring Support Agreement ("RSA") with holders of more than two-thirds (2/3) of its 12% First Priority Notes, 12% Second Priority Notes, 7.5% Convertible Bonds and 5.5% / 6.5% Convertible Notes (collectively, the "Notes") to restructure the Company's debt obligations. In conn... |
|10/07/14||Endeavour Announces One Day Forbearance Agreement with Noteholders|
|HOUSTON, Oct. 9, 2014 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that the Company and certain of its subsidiaries have entered into extensions of their forbearance agreements (the "Forbearance Agreements") with holders of a majority of its 12% First Priority Notes due 2018, 12% Second Priority Notes due 2018 and 6.5% Convertible Senior Notes due 2016 (collectively, the "Notes").
As previously announced by the Company, the Company did not make ... |
|10/06/14||Endeavour Announces the Appointment of a Chief Restructuring Officer|
|HOUSTON, Oct. 6, 2014 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that the Company has engaged Opportune LLP, to assist the company in its financial restructuring process. In connection with this engagement, David C. Baggett, Managing Partner of Opportune LLP, has been appointed as Chief Restructuring Officer of Endeavour, effective immediately, reporting directly to the Board of Directors.
Mr. Baggett has been the Managing Partner of Opportune ... |
|10/01/14||Endeavour International Corporation Announces Closing of $440 Million Senior Secured First Lien Term Loan and Forbearance Agreement with Noteholders|
|HOUSTON, Oct. 1, 2014 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced the closing of a $440 million senior secured term loan (the "Credit Agreement") with an annual interest rate of LIBOR plus 10% (with a LIBOR floor of 1%), that matures on January 2, 2017. The proceeds of the financing were used to repay the balance outstanding under the Company's existing credit agreement, dated as of January 24, 2014, to repay in full certain monetary production pay... |