19th Oct 2010 15:20
Endeavour Completes the Sale of Cygnus
HOUSTON, Oct. 19 -- Endeavour International Corporation today announced it has closed on the sale of its Cygnus asset to Bayerngas UK Ltd., the UK oil and gas subsidiary of Bayerngas Norge AS, for a cash consideration of $110 million.
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.
Certain statements in this news release should be regarded as "forward-looking" statements within the meaning of the securities laws. These statements speak only as of the date made. Such statements are subject to assumptions, risk and uncertainty. Actual results or events may vary materially.
SOURCE Endeavour International Corporation
CONTACT: Endeavour - Investor Relations, Mike Kirksey, +44 (0) 207 451 2381, +1-713-307-8700, or Darcey Matthews, +1-713-307-8711; or Pelham Public Relations - UK Media, Philip Dennis, +44 (0) 207 743 6363, Henry Lerwill, +44 (0) 203 178 6242, both for Endeavour International Corporation
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