Endeavor International Corp (ENDRQ) 0.0020 $ENDRQ
Endeavour Announces Launch of Marketing Process for North Sea Assets
PR Newswire Europe - Mon Jun 01, 4:00AM CDT
Endeavour International Corporation 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 Obtains Interim Stock and Claims Order for Trading Requirements
PR Newswire Europe - Wed Nov 26, 3:20PM CST
Endeavour International Corporation announced today that on October 10, 2014, it and certain of its subsidiaries, including Endeavour Operating Corporation (collectively, the "Debtors"
, filed a motion (the "Motion" with the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court" seeking an order (i) restricting certain transfers of interest in Endeavour common stock and preferred stock and, depending on the Debtors' proposed chapter 11 plan when filed, certain transfers of claims against the Debtors, and (ii) imposing certain notification requirements with respect to substantial owners of Endeavour stock (by class) and substantial owners of claims against the Debtors (namely, Endeavour's 12% First Priority Notes, its 12% Second Priority Notes, and any unsecured claims against the Debtors). The order is intended to prevent certain transfers of stock of Endeavour and certain transfers of claims against the Debtors that could impair the ability of one or more of the Debtors' estates to use, to the extent otherwise available, their net operating loss carryovers and certain other tax attributes during bankruptcy and on a reorganized basis.
Endeavour Announces Rochelle Field Has Returned to Production
PR Newswire Europe - Wed Nov 26, 1:59PM CST
Endeavour International Corporation today announced that the Rochelle field is back online. Production from the field restarted on October 12, 2014 and is currently producing at 90 million standard cubic feet of gas per day ("MMscf/d" with approximately 4,600 barrels of per day of associated liquids.
Endeavour Executes Restructuring Support Agreement Pursuant to Chapter 11 Proceedings
PR Newswire Europe - Wed Nov 26, 12:09PM CST
-- Endeavour will Continue to Conduct Business in the Ordinary Course
Endeavour Announces One Day Forbearance Agreement with Noteholders
PR Newswire Europe - Wed Nov 26, 11:08AM CST
Endeavour International Corporation 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".
Endeavour Announces the Appointment of a Chief Restructuring Officer
PR Newswire Europe - Wed Nov 26, 9:50AM CST
Endeavour International Corporation 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.
GEL: 36.99 (+0.70)
Endeavour International Corporation Announces Closing of $440 Million Senior Secured First Lien Term Loan and Forbearance Agreement with Noteholders
PR Newswire Europe - Wed Nov 26, 7:55AM CST
Endeavour International Corporation 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 payments issued by the Company's wholly-owned subsidiary, Endeavour Energy UK Limited ("EEUK", to repay all reimbursement obligations outstanding with respect to the Company's existing LC Procurement Agreement, dated as of January 24, 2014, to provide cash collateral under the terms of a new LC Issuance Agreement entered into by certain subsidiaries of the Company (pursuant to which Credit Suisse AG has agreed to issue letters of credit for EEUK's account to secure decommissioning obligations in connection with certain of its United Kingdom Continental Shelf Petroleum Production Licenses), for payment of related expenses and to provide additional liquidity to the Company.
Endeavour Announces Accelerated Schedule for Chapter 11 Court Hearings and Resignation of William L. Transier as President and Chief Executive Officer
PR Newswire - Thu Nov 13, 3:10PM CST
Endeavour International Corporation (OTC: ENDRQ) (LSE: ENDV) today announced an accelerated timetable for its Chapter 11 proceedings. The Company anticipates scheduling the following hearing dates with the United States Bankruptcy Court for the District of Delaware:
Endeavour Obtains Final Stock and Claims Order for Trading Requirements
PR Newswire - Fri Nov 07, 6:44PM CST
Endeavour International Corporation (OTC: ENDRQ) (LSE: ENDV) announced today that on November 6, 2014, it and certain of its subsidiaries, including Endeavour Operating Corporation (collectively, the "Debtors", obtained a final order (the "Order" from the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court", effective as of October 10, 2014, (i) restricting certain transfers of interest in Endeavour common stock and preferred stock and, depending on the Debtors' proposed chapter 11 plan when filed, certain transfers of claims against the Debtors, and (ii) imposing certain notification requirements with respect to substantial owners of Endeavour stock (by class) and substantial owners of claims against the Debtors (namely, Endeavour's 12% First Priority Notes, its 12% Second Priority Notes, and any unsecured claims against the Debtors). The Bankruptcy Court had previously entered an order on an interim basis. The Order is intended to prevent certain transfers of stock of Endeavour and certain transfers of claims against the Debtors that could impair the ability of one or more of the Debtors' estates to use, to the extent otherwise available, their net operating loss carryovers and certain other tax attributes during bankruptcy and on a reorganized basis.
Endeavour Announces Launch of Marketing Process for North Sea Assets
PR Newswire Europe - Mon Jun 01, 4:00AM CDT
Endeavour International Corporation 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 Obtains Interim Stock and Claims Order for Trading Requirements
PR Newswire Europe - Wed Nov 26, 3:20PM CST
Endeavour International Corporation announced today that on October 10, 2014, it and certain of its subsidiaries, including Endeavour Operating Corporation (collectively, the "Debtors"
, filed a motion (the "Motion" with the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court" seeking an order (i) restricting certain transfers of interest in Endeavour common stock and preferred stock and, depending on the Debtors' proposed chapter 11 plan when filed, certain transfers of claims against the Debtors, and (ii) imposing certain notification requirements with respect to substantial owners of Endeavour stock (by class) and substantial owners of claims against the Debtors (namely, Endeavour's 12% First Priority Notes, its 12% Second Priority Notes, and any unsecured claims against the Debtors). The order is intended to prevent certain transfers of stock of Endeavour and certain transfers of claims against the Debtors that could impair the ability of one or more of the Debtors' estates to use, to the extent otherwise available, their net operating loss carryovers and certain other tax attributes during bankruptcy and on a reorganized basis. Endeavour Announces Rochelle Field Has Returned to Production
PR Newswire Europe - Wed Nov 26, 1:59PM CST
Endeavour International Corporation today announced that the Rochelle field is back online. Production from the field restarted on October 12, 2014 and is currently producing at 90 million standard cubic feet of gas per day ("MMscf/d"
with approximately 4,600 barrels of per day of associated liquids. Endeavour Executes Restructuring Support Agreement Pursuant to Chapter 11 Proceedings
PR Newswire Europe - Wed Nov 26, 12:09PM CST
-- Endeavour will Continue to Conduct Business in the Ordinary Course
Endeavour Announces One Day Forbearance Agreement with Noteholders
PR Newswire Europe - Wed Nov 26, 11:08AM CST
Endeavour International Corporation 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". Endeavour Announces the Appointment of a Chief Restructuring Officer
PR Newswire Europe - Wed Nov 26, 9:50AM CST
Endeavour International Corporation 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.
GEL: 36.99 (+0.70)
Endeavour International Corporation Announces Closing of $440 Million Senior Secured First Lien Term Loan and Forbearance Agreement with Noteholders
PR Newswire Europe - Wed Nov 26, 7:55AM CST
Endeavour International Corporation 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 payments issued by the Company's wholly-owned subsidiary, Endeavour Energy UK Limited ("EEUK", to repay all reimbursement obligations outstanding with respect to the Company's existing LC Procurement Agreement, dated as of January 24, 2014, to provide cash collateral under the terms of a new LC Issuance Agreement entered into by certain subsidiaries of the Company (pursuant to which Credit Suisse AG has agreed to issue letters of credit for EEUK's account to secure decommissioning obligations in connection with certain of its United Kingdom Continental Shelf Petroleum Production Licenses), for payment of related expenses and to provide additional liquidity to the Company. Endeavour Announces Accelerated Schedule for Chapter 11 Court Hearings and Resignation of William L. Transier as President and Chief Executive Officer
PR Newswire - Thu Nov 13, 3:10PM CST
Endeavour International Corporation (OTC: ENDRQ) (LSE: ENDV) today announced an accelerated timetable for its Chapter 11 proceedings. The Company anticipates scheduling the following hearing dates with the United States Bankruptcy Court for the District of Delaware:
Endeavour Obtains Final Stock and Claims Order for Trading Requirements
PR Newswire - Fri Nov 07, 6:44PM CST
Endeavour International Corporation (OTC: ENDRQ) (LSE: ENDV) announced today that on November 6, 2014, it and certain of its subsidiaries, including Endeavour Operating Corporation (collectively, the "Debtors"
, obtained a final order (the "Order" from the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court", effective as of October 10, 2014, (i) restricting certain transfers of interest in Endeavour common stock and preferred stock and, depending on the Debtors' proposed chapter 11 plan when filed, certain transfers of claims against the Debtors, and (ii) imposing certain notification requirements with respect to substantial owners of Endeavour stock (by class) and substantial owners of claims against the Debtors (namely, Endeavour's 12% First Priority Notes, its 12% Second Priority Notes, and any unsecured claims against the Debtors). The Bankruptcy Court had previously entered an order on an interim basis. The Order is intended to prevent certain transfers of stock of Endeavour and certain transfers of claims against the Debtors that could impair the ability of one or more of the Debtors' estates to use, to the extent otherwise available, their net operating loss carryovers and certain other tax attributes during bankruptcy and on a reorganized basis. 
