Endeavour International Corporation announced that its board of directors has approved a review of strategic alternatives for its North Sea assets.
In an effort to unlock the value of its underlying North Sea assets, Endeavour will study a full range of options, including:
"The board is committed to a thorough and systematic review for all of our North Sea alternatives," Transier added "We have believed for some time that the discount in our stock price was related to the length of time between discovery and production and the relatively high development costs in the UK. Our entry into the US onshore arena balances this position with an inventory of properties that can be developed in a much shorter time period and at lower cost."
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