Endeavour Intl Corp Launch of Marketing Process for North Sea Assets


 
TIDMENDV 
 
Endeavour Announces Launch of Marketing Process for North Sea Assets 
 
HOUSTON, June 1, 2015 -- Endeavour International Corporation (OTC: ENDRQ) (LSE: 
ENDV) announced today that the Company's Board of Directors has authorized the 
immediate launch of a marketing process in the U.K. for the sale of all or 
substantially all of its North Sea oil and gas assets. Blackstone Advisory 
Partners L.P. has been engaged as the Company's financial advisor in this 
process. 
 
Endeavour will consider a full range of options in order to unlock the value 
underlying the Company's assets, including a sale of individual North Sea 
assets. The Company believes that a timely sale of all or part of its North Sea 
assets may provide the best means to preserve and protect the value of the 
assets, with the ultimate goal of maximizing the benefit to the stakeholders. 
 
While the Company pursues the marketing process, it will remain focused on 
executing its operational plan. The Company does not expect to comment further 
or update the market with further information on the process unless and until 
the Board of Directors has approved a specific transaction or otherwise deems 
disclosure appropriate or necessary. There is no assurance that this marketing 
process will result in Endeavour pursuing a particular transaction or 
completing any such transaction. 
 
Endeavour separately announced its proposed sale of substantially all of the 
Company's U.S. assets, including bid procedures and notice of an auction, in a 
motion filed with the United States Bankruptcy Court for the District of 
Delaware on April 29, 2015. 
 
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/. 
 
 SOURCE  Endeavour International Corporation 
 
CONTACT: For further information: Endeavour - David Baggett, Chief 
Restructuring Officer 713-490-5050, Cathy Stubbs, Sr Vice President, Chief 
Financial Officer 713-307-8776 
 
 
 
END

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