2010-03-16-2010-01-06-2010-01-06

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
4MM
Description

Purchased 50% WI of 25% WI, gaining 75,000 net acres in central MT.

Houston-based Endeavour International Corp. (NYSE Amex: END; London: ENDV) has acquired an interest in central Montana from an undisclosed privately held company for $3.75 million in cash.

The assets include a 50% working interest in the partner's 25% interest of 360,000 gross acres, with 75,000 net to Endeavour.

William L. Transier, Endeavour chairman, chief executive officer and president says, "This acquisition establishes our position in an oil-prone U.S. frontier resource area which will also have relatively low appraisal and development costs. As an oil play, it helps to balance the company's growing international natural gas position."

Upside includes 900 potential drilling locations.