Endeavour Appoints New Board Member

Endeavour has announced that Leiv L. Nergaard has been appointed to a position on the company's board of directors.

"Our growing presence in Norway required a board member who has served in leadership roles in the nation's energy and financial markets," said William L. Transier, chairman and chief executive officer. "Leiv has an extensive background in executive management roles within the oil and gas sector and a proven record of business and board associations. His insight and knowledge will be invaluable as we move forward with our Norwegian exploration program."

Nergaard spent the majority of his career with Norsk Hydro where he served as executive vice president and chief financial officer and as president of Norsk Hydro Germany in addition to a number of other senior management positions. He currently is chairman of the board of directors for Storebrand ASA, and a board member and chairman of the audit committee of Yara International ASA in addition to being chairman of some smaller companies. He also serves as chairman of the Norwegian Industry and Commerce Securities Market Committee.

The board has determined that the new board member meets the requirements of an independent director under the rules of the Securities Exchange Commission and American Stock Exchange. He will initially serve as a member of the Audit and Governance and Nominating Committees of the board.

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