Endeavour rises on Rochelle update, production guidance


Endeavour International (END +3.8%) shares are higher after the E&P company announced an update on the current production from the first well at the Rochelle field and the timing of the start-up of the second production well.

Current gross production from the first Rochelle well is 65M-70M cf/day of gas with an additional 2.5K-3K boe/day of liquids production, 6K-7K boe/day net to END's working interest in the field.

END also reconfirms its Q4 2013 guidance of 12K-13K boe/day.

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