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[STK] NYSE:END LSE:ENDV
[IN] UTI OIL
[SU]
TO BUSINESS EDITORS:
Endeavour Issues Statement Regarding Nomination Notice by Stockholders
HOUSTON, Feb. 25, 2014 /PRNewswire/ -- Endeavour International
Corporation (the "Company") (NYSE: END) (LSE: ENDV) released the
following statement in response to the notice by Talisman Group
Investments, L.L.C. and certain of its affiliates (collectively,
"Talisman") of their intent to nominate two candidates for election to
the board of directors of the Company at the 2014 annual meeting:
"We value the opinions of all of our stockholders and our nominating
committee will carefully review Talisman's candidates for election to
the board of directors. The board of directors of the Company will be
in communication with stockholders in connection with our proxy
statement and the 2014 annual meeting and will make recommendations
regarding the election of directors for their consideration," said
William L. Transier, chairman, chief executive officer and president.
Endeavour International Corporation is an international oil and gas
exploration and production company focused on the acquisition,
exploration and development of energy reserves in the North Sea and
United States. For more information, visit www.endeavourcorp.com.
Important Additional Information
The Company, its directors and certain of its executive officers may
be deemed to be participants in the solicitation of proxies from the
Company's shareholders in connection with the matters to be considered
at the Company's upcoming annual meeting. The Company intends to file
a proxy statement and proxy card with the U.S. Securities and Exchange
Commission (the "SEC") in connection with any such solicitation of
proxies from the Company's shareholders. SHAREHOLDERS OF THE COMPANY
ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING
PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION. Shareholders will be able to obtain any proxy
statement, any amendments or supplements to the proxy statement and
other documents filed by the Company with the SEC at no charge at the
SEC's website at www.sec.gov. Copies will also be available at no
charge at the Company's website at www.endeavourcorp.com in the
section "Investor Relations."
The directors and officers in the Company's 2014 Proxy Statement, yet
to be issued, are William L. Transier, Chairman, Chief Executive
Officer and President; John N. Seitz, Vice Chairman; John B. Connally
III, Director; Sheldon R. Erikson, Director; Charles J. Hue Williams,
Director; Nancy K. Quinn, Director; James J. Emme, Executive Vice
President, North America; Catherine Stubbs, Chief Financial Officer
and Senior Vice President; and Derek A. Nielson, Managing Director,
U.K. Operations. As of the date of this filing, Mr. Transier
beneficially owned 1,287,135 shares of common stock of the Company
("Common Stock"), which includes direct ownership of 1,200,186 shares
and 86,949 shares underlying certain options exercisable within 60
days hereof. As of the date of this filing, Mr. Seitz beneficially
owned 1,162,379 shares of Common Stock. As of the date of this
filing, Mr. Erikson beneficially owned 115,014 shares of Common
Stock. As of the date of this filing, Mr. Hue Williams beneficially
owned 131,162 shares of Common Stock. As of the date of this filing,
Ms. Quinn beneficially owned 249,251 shares of Common Stock. As of
the date of this filing, Mr. Emme beneficially owned 238,433 shares of
Common Stock. As of the date of this filing, Ms. Stubbs beneficially
owned 142,428 shares of Common Stock, which includes direct ownership
of 139,395 shares and 3,033 shares underlying certain options
exercisable within 60 days hereof. As of the date of this filing, Mr.
Nielson beneficially owned 60,406 shares of Common Stock, which
includes direct ownership of 55,326 shares and 5,080 shares underlying
certain options exercisable within 60 days hereof.
SOURCE Endeavour International Corporation
-0- 02/25/2014
/CONTACT: Endeavour - Investor Relations, Darcey Matthews, 713-307-8711
/Web Site: http://www.endeavourcorp.com
(NYSE:END /
LSE:ENDV) /
CO: Endeavour International Corporation
ST: Texas
IN: UTI OIL
PRN
-- DA72126 --
0000 02/25/2014 23:09:00 EDT http://www.prnewswire.com
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