Endeavour to 'retain and exploit its existing asset base'


Endeavour International Corporation announced that its board has concluded the strategic review process started in February. The board has determined that it is the best interests of shareholders to retain and exploit its existing asset base, with the following organizational changes and cost savings initiatives: Endeavour is closing its London office and consolidating its technical teams in Aberdeen, Scotland. Derek Neilson has been promoted to Managing Director of U.K. Operations. Carl D. Grenz, executive VP of International Operations, is no longer with the company.

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