Endeavour Acquires Remaining Stake in OER Oil

Endeavour International's subsidiary Endeavour Norge AS has completed its previously announced acquisition of the minority interests in OER Oil AS. The company now holds 100 percent of what was previously OER and has been renamed Endeavour Energy Norge AS.

"Endeavour now has a strong foothold position in Norway from which to build upon its North Sea-focused strategy," said William L. Transier and John N. Seitz, co-chief executive officers. "Our Norwegian staff offers technical and commercial talents that will help us achieve our objective of capturing niche opportunities in one of the world's most prolific oil and gas provinces."
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