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North Sea Asset Acquisition – Endeavour International Corp

Endeavour International Corp · Dec 27, 2011 · 10 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. North Sea Asset Acquisition – Endeavour International Corp – slide 1
    North Sea Asset Acquisition
  2. North Sea Asset Acquisition – Endeavour International Corp – slide 2
    Transaction Strategic Highlights Substantially grows Endeavours North Sea producing asset base, expanding exposure to favourably priced Brent crude oil Adds approximately 10,000 boepd to current production 2P Reserve additions in…
  3. North Sea Asset Acquisition – Endeavour International Corp – slide 3
    Transaction Summary Deal Value: 330 million with a 28% allocation to tax basis Purchase price to be reduced by cash flow from the effective economic date to closing (Approximately 72 million after tax if measured at 12/31/11)…
  4. North Sea Asset Acquisition – Endeavour International Corp – slide 4
    Transaction Details (in millions) Purchase Price 330 2011 Cash Flow Estimate* (72) Tax Benefit to Endeavour** (58) Adjusted Purchase Price 200 * Estimates as of December 31, 2011 ** Tax value of 58 million = 94 million…
  5. North Sea Asset Acquisition – Endeavour International Corp – slide 5
    Significant Production Growth Acquisition and Near-Term Projects Pro-forma Production with Pro-forma Production with Current Production Bacchus on-line and the Greater Rochelle on-line acquisition of N. Sea Assets 16% 19%…
  6. North Sea Asset Acquisition – Endeavour International Corp – slide 6
    Pro Forma Position of Endeavour in the U.K. 100 Hess DONG Mid-Cap Market 90 CNR OMV Endeavour + U.K. RWE Acquisition 80 EnQuest Marathon 2P Reserves (YE2010 2P) Dyas Premier 70 EON Perenco 60 ATP 50 Fairfield…
  7. North Sea Asset Acquisition – Endeavour International Corp – slide 7
    Alba Field Overview: Block 16/26a END WI: 25.68%* Operator: Chevron (23.37% WI) Partners: Statoil (17% WI) BP (13% WI) Total (12.65% WI) CIECO/Itochu (8% WI) Discovered/1st Production 1984/1994 Current Production Rate 7,500…
  8. North Sea Asset Acquisition – Endeavour International Corp – slide 8
    MacCulloch Field Overview: Block 15/24b END WI: 40% WI Partners: ENI(40% WI) Noble Energy (14% WI) Talisman (6% WI) Discovered/1st Production 1990/1997 Current Production Rate 3,100 boepd 490ft water depth Paleocene reservoir…
  9. North Sea Asset Acquisition – Endeavour International Corp – slide 9
    Nicol Field Overview Block 15/25a END WI: 18% Operator: Premier(70% WI) Partners: Eni (12% WI) Discovered/1st Production 1988/2006 Current Production Rate 200 boepd 480ft water depth Paleocene reservoir at 6,400ft depth…
  10. North Sea Asset Acquisition – Endeavour International Corp – slide 10
    NYSE:END LSE:ENDV www.endeavourcorp.com INVESTOR CONTACTS: Mike Kirksey Darcey Matthews Chief Financial Officer Director of Investor Relations (713) 307-8788 / +44 (0)207 451 2381 (713) 307-8711 mike.kirkseyendeavourcorp.com…

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