"The Balgownie well was a technical success in that quality reservoir sands were encountered that confirmed our geological analysis," said William L. Transier, chairman, chief executive officer and president. "It is disappointing that the hydrocarbon levels were not of commercial quantities. We are now preparing to drill the next well in our exploration portfolio, the Emu prospect, located on Block 48/1a in the Southern Gas Basin."
Endeavour served as operator of the Balgownie well and holds a 45 percent working interest in the license. The company will operate the drilling of the Emu prospect in which it holds a 25 percent interest.
Endeavour International Corp. is an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea.
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