Operational Updates
Endeavour Announces Production From Haynesville Well
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Endeavour International Corporation (NYSE: END) (LSE: ENDV) today reported first quarter 2012 net loss, as adjusted of $15.4 million compared to $12.9 million for the same quarter of 2011. On a GAAP basis, net loss for the first quarter of 2012 was $35.3 million as compared to net loss of $7.5 million for the same quarter in 2011. Volumes for the first quarter 2012 averaged approximately 4,200 barrels of oil equivalent per day ("boepd").
Business highlights include:
North Sea: At Bacchus, production at the first well commenced with an initial flow rate of approximately 6,000 gross barrels of oil per day ("bopd") The semisubmersible rig, the Diamond Ocean Nomad, is scheduled to arrive in May to begin drilling the first of two planned Rochelle development wells North Sea…Finish this article — free account or subscription
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