Endeavour Prices Upsized Public Offering of 10 Million Shares of Common Stock

Mar 25, 2011, 02:00 ET from Endeavour International Corporation

HOUSTON, March 25, 2011 /PRNewswire/ -- Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announces that it has priced its public offering of 10.0 million shares of its common stock at a price to the public of $11.00 per share. The 10.0 million shares to be sold represent an increase over the previously-announced 8.0 million shares. Endeavour has granted the underwriters a 30-day option to purchase up to 1.5 million shares of its common stock. The offering is expected to settle and close on March 29, 2011, subject to customary closing conditions.  Endeavour intends to use the net proceeds from the offering to retire all $81.3 million of its 6% Convertible Senior Notes due 2012.  The remaining net proceeds will be used for general corporate purposes.

Citigroup Global Markets Inc. is acting as sole book-running manager for the offering. Canaccord Genuity Inc., C.K. Cooper & Company, Global Hunter Securities, LLC and Rodman & Renshaw, LLC are acting as co-managers for the offering. The offering will be made only by means of a preliminary prospectus supplement and related base prospectus, copies of which may be obtained from:

Citigroup Global Markets Inc.

Attention: Prospectus Department

Brooklyn Army Terminal

140 58th Street, 8th Floor

Brooklyn, NY 11220

Phone: (800) 831-9146

batprospectusdept@citi.com

A copy of the preliminary prospectus supplement and base prospectus may also be obtained at no charge at the Securities and Exchange Commission's website, at www.sec.gov.

This press release is neither an offer to sell, nor a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement, as amended, relating to the securities has been filed with the Securities and Exchange Commission and was declared effective on February 9, 2010.

Endeavour International Corporation is an independent oil and gas company engaged in the production, exploration, development and acquisition of crude oil and natural gas in the U.S. and the North Sea.

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.

Investors are urged to also consider closely the disclosure in our filings with the SEC, available from our website at www.endeavourcorp.com.  Endeavour is also subject to the requirements of the London Stock Exchange and considers the disclosures in this release to be appropriate and/or required under the guidelines of that exchange.

SOURCE Endeavour International Corporation



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