- Endeavour International (NYSE:END +42.3%) raises its Q2 production guidance to 10.5K-11.5K boe/day, up from its previous guidance of 9K-10K boe/day, citing its three large U.K. assets which have been online and producing at consistent rates.
- Regarding liquidity, END says it has executed a forward sale for $22.5M and has settled an insurance claim for the damaged Rochelle E1 well for ~$12.6M.
- Before today's gain, the share price had been cut nearly in half since the start of the month, and management says it is unaware of any reason for the sharp drop.