HOUSTON, Oct. 6, 2014 /PRNewswire/ -- Endeavour
International Corporation (NYSE: END) (LSE: ENDV) 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.
Mr. Baggett has been the Managing Partner of Opportune LLP since
its founding in 2005. Mr. Baggett started his career at Deloitte
& Touche where he became a Partner in the firm's energy
practice. Mr. Baggett left Deloitte to be the Senior Vice President
& CFO of a publicly traded exploration & production
company. Mr. Baggett currently serves on the board of
directors of North Star Energy, Thunderbird Resources, LP and
Marlin Midstream GP, LLC and previously served on the boards of
AMPAM, Genesis Energy MLP, Encore Energy Partners and ERCOT, the
independent system operator for electrical markets in Texas.
"The Board of Directors and I are impressed with David's in
depth knowledge of the oil and gas industry, combined with his
experience leading companies through the restructuring process,"
said William L. Transier, chairman,
president and chief executive officer. "We believe that makes him
extremely qualified to serve as our Chief Restructuring Officer as
we continue discussions with our various stakeholders."
About Endeavour International Corporation
Endeavour International Corporation is an international oil and
gas exploration and production company focused on the acquisition,
exploration and development or energy reserves in the North Sea and
United States. For more information, visit
www.endeavourcorp.com.
About Opportune LLP
Opportune is a leading energy consulting firm, providing
services throughout North America
and Europe from offices in
Houston, New York, Denver, Tulsa, and London. Across energy segments, Opportune's
practice areas include corporate finance, complex financial
reporting, restructuring, process and technology, strategy and
organization, dispute resolution, enterprise risk, tax and
outsourcing. For more information on Opportune LLP, please
visit their website at www.opportune.com.
