real-time news and commentary for investors
Monday, Oct 21
Endeavour completes strategic review, announces org changes
- Endeavour International (END) finishes its strategic review begun in February, and decides to retain and exploit its existing asset base.
- END will close its London office and consolidate its technical teams in Aberdeen, Scotland, and promotes Derek Neilson to managing director of U.K. operations.
- Also, END provides revised Q3 production guidance of 7.5K-8K boe/day, lower than expected mostly due to the delay in start-up of production at Rochelle and downtime for annual maintenance work.