2009-08-11-2007-09-01-2007-09-01
Bought company
Endeavor Energy Corp., Calgary, (OTCBB: ENEC) and subsidiary First Endeavor Holdings Inc. have acquired Alberta-based Endeavor Canada Corp. for an undisclosed price. Endeavor and First Endeavor may be required to adopt an exchangeable share structure or Endeavor Canada may elect to receive shares of Endeavor. Endeavor Canada has operating assets consisting of 31 sections of land in Western Canada under direct ownership and 80 sections held under farm-in agreements with six producing gas wells together with pipeline and infrastructure collection facilities. Endeavor holds a 40% interest in the Warner project consisting of 17.5 sections and five producing gas wells, 100% interest in 11 sections of the Arneson project, 50% interest in three sections in the Diamond Barons gas play and 50% in Taber with one producing gas well. Endeavor's farm-in agreements cover another 80 sections in Alberta and Saskatchewan that are targeting shallow Viking gas plays and deeper Nisku oil reservoirs. Endeavor Canada president Cameron S. King will be named president and chief executive of Endeavor and its subsidiaries.