Endeavour Increases Norwegian Interests

Endeavour International's subsidiary, Endeavour Energy Norge AS, has signed an agreement with Lundin Norway pursuant to which Endeavour will obtain a 25 percent interest in Production License 304 on the Norwegian Continental Shelf. The transfer of the license is subject to approval by the Norwegian Ministry of Petroleum and Energy and Ministry of Finance.

Endeavour Energy UK Ltd and Lundin Heather Ltd have also signed an agreement pursuant to which Lundin will be transferred a 25 percent interest in Production License 1176 on the United Kingdom Continental Shelf. Endeavour serves as operator of the license and will hold a 75 percent interest following the transfer to Lundin. The transfer of the license is subject to the approval of the UK Department of Trade and Industry.

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