HOUSTON, Oct. 6, 2014 /PRNewswire/ — Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that the Company has engaged Opportune LLP, to assist the company in its financial restructuring process. In connection with this engagement, David C. Baggett, Managing Partner of Opportune LLP, has been appointed as Chief Restructuring Officer of Endeavour, effective immediately, reporting directly to the Board of Directors.
Mr. Baggett has been the Managing Partner of Opportune LLP since its founding in 2005. Mr. Baggett started his career at Deloitte Touche where he became a Partner in the firm’s energy practice. Mr. Baggett left Deloitte to be the Senior Vice President CFO of a publicly traded exploration production company. Mr. Baggett currently serves on the board of directors of North Star Energy, Thunderbird Resources, LP and Marlin Midstream GP, LLC and previously served on the boards of AMPAM, Genesis Energy MLP, Encore Energy Partners and ERCOT, the independent system operator for electrical markets in Texas.
“The Board of Directors and I are impressed with David’s in depth knowledge of the oil and gas industry, combined with his experience leading companies through the restructuring process,” said William L. Transier, chairman, president and chief executive officer. “We believe that makes him extremely qualified to serve as our Chief Restructuring Officer as we continue discussions with our various stakeholders.”
About Endeavour International Corporation
Endeavour International Corporation is an international oil and gas exploration and production company focused on the acquisition, exploration and development or energy reserves in the North Sea and United States. For more information, visit www.endeavourcorp.com.
About Opportune LLP
Opportune is a leading energy consulting firm, providing services throughout North America and Europe from offices in Houston, New York, Denver, Tulsa, and London. Across energy segments, Opportune’s practice areas include corporate finance, complex financial reporting, restructuring, process and technology, strategy and organization, dispute resolution, enterprise risk, tax and outsourcing. For more information on Opportune LLP, please visit their website at www.opportune.com.
SOURCE Endeavour International Corporation