HOUSTON, October 19, 2010 /PRNewswire/ -- 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 US$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 InternationalCorporation
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