Endeavour Prices Public Offering of 7.5M Shares at $7.50

Endeavour International Corporation END today announced that it has priced an underwritten public offering of 7.5 million shares of its common stock at a price to the public of $7.50 per share. The net proceeds to Endeavour from this offering are expected to be approximately $53 million, after deducting underwriting discounts and commissions and other estimated expenses. Endeavour has granted the underwriter a 30-day option, solely to cover over-allotments, if any, to purchase up to 1.125 million shares of its common stock, which would result in approximately $8 million additional net proceeds if exercised in full. The offering is expected to close on or about June 18, 2012, subject to the satisfaction of customary closing conditions.