Endeavour Announces Accelerated Schedule for Chapter 11 Court Hearings and Resignation of William L. Transier as President an...
13 November 2014 - 10:10PM
PR Newswire (US)
HOUSTON, Nov. 13, 2014 /PRNewswire/ -- Endeavour
International Corporation (OTC: ENDRQ) (LSE: ENDV) today announced
an accelerated timetable for its Chapter 11 proceedings. The
Company anticipates scheduling the following hearing dates with the
United States Bankruptcy Court for the District of Delaware:
- A hearing to be held on December 17,
2014, for the purpose of obtaining the Bankruptcy Court's
approval of the Disclosure Statement to be filed by the Company in
connection with the Company's proposed Plan of Reorganization (the
"Plan") (each of which will be filed by the Company consistent with
the terms of the Restructuring Support Agreement previously
announced by the Company).
- A hearing to be held on February 3,
2015, for the purpose of obtaining confirmation by the
Bankruptcy Court of the Plan.
The Company also announced that William
L. Transier requested that the Board of Directors accept his
resignation as President and Chief Executive Officer of the
Company, effective December 1, 2014,
which request was accepted. Mr. Transier will continue as Chairman
of the Board of the Company.
About Endeavour International Corporation
Endeavour International Corporation is an oil and gas
exploration and production company focused on the acquisition,
exploration and development of oil and natural gas in the North Sea
and the United States. For more
information, visit www.endeavourcorp.com.
SOURCE Endeavour International Corporation
Copyright 2014 PR Newswire
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