Endeavour At A Glance Near-term growth through lower risk development activities Rochelle field development in final execution phase U.K. Bacchus third production well on-line U.K. Strategic review process ongoing Key Figures…
Overview of Endeavours U.K. Assets Current Production Development Projects 2013 Exploration Enoch Alba Rochelle Bacchus Columbus Bittern Centurion South 5
Production Sold Into Higher-Valued European Markets Crude oil Natural gas Average Brent price over the period: 108.45 Average spread over the period: 5.96 16 125 14 115 12 10 105 6.71 8 spread 95 6 85 4 75 2 WTI…
Rochelle Overview - Blocks 15/26b, 15/26c and 15/27 Endeavour WI: 44% Operator: Nexen (41% WI) 15/26a 15/27 (E) Partner: Premier Oil (15% WI) Mostyn Ravel Online: September 2013 15/26c Rossini Project in final execution phase…
Bacchus - Block 22/06a Central North Sea Endeavour WI: 30% Bacchus Operator: Apache (50% WI) Partner: First Oil (20% WI) Reservoir is formed by shallow marine Fulmar Forties sandstones of Upper Jurassic age Current…
Alba Field Overview - Block 16/26a Endeavour WI: 25.68% Operator: Chevron (23.37% WI) Partners: Statoil (17% WI) Mitsui (13% WI) Centrica (12.65% WI) Enquest (8% WI) Britannia Discovered/1st Production 1984/1994 Late Eocene…
High Quality Exploration in Core Central North Sea Area Exploration Portfolio in Core Central North Sea Prospects, Discoveries and Licences Enoch Net Unrisked Contingent Prospective Resources: Rogers 376 MMboe 28 Licences (12…
New Blocks Acquired in the 27th Licensing Round Current Production Enoch Development Projects Alba Bacchus Rochelle Columbus Bittern The new licenses covering ten blocks located in core areas around The existing…
US Onshore Assets US 2013 Q2Totals 485,000 gross / 140,000 net acres Building Portfolio 8.4 MMCFe/D net production Heath Marcellus Niobrara Niobrara/Frontier Haynesville Oil Captured Gas Pending deal Mixed 12
US Onshore Portfolio Growing Rockies liquids-rich portfolio Colorado Niobrara/Frontier Position (75-100% WI) 23,000 acre Piceance Basin Federal Unit formed, 2013 test planned Montana Heath tight oil play (25% WI) 421,000 gross…
Rockies Niobrara Play Hot Spots END focused on less active, emerging areas DJ/PRB high cost, highly competitive Piceance Basin Emerging Niobrara/Frontier Powder River Basin industry focus area Niobrara wet gas is marginal…
US 2013 Strategy Grow and test Rockies liquids-rich portfolio Initial Niobrara pilot well drilled, cored and logged in Piceance Basin play Evaluate Heath Oil play potential Leverage learnings and costs with offset operators…
Production Volumes (BOE per day) 2013 2012 Q2 Sales = 14,497 Q2 Sales = 4,677 9% 54% 45% 91% US Gas US Oil UK Oil UK Gas Physical production volume for the second quarter averaged 9,498 boepd vs. 9,385 boepd for Q1…
2013 Direct Capital Expenditures U.K. = 170 million - 180 million U.S. = 10 million - 30 million Alba Bacchus Centurion South U.K. Other Rochelle U.S. Direct capital expenditures in the U.K. increased 30 million to…
U.K. Hedged Oil Position 4,000 120 100 3,000 80 bbl/d /bbl 2,000 60 40 1,000 20 - 0 1Q2013 2Q2013 3Q2013 4Q2013 Hedged Production Ave Ceiling Ave Floor The current hedging program involves embedding collars…
Debt Maturity Schedule 500 400 300 554 mm 200 74 100 115 135 0 2013 2014 2015 2016 2017 2018 Revolving Credit Facility due 2014 Convertible Notes due 2016 (18.51 per share conversion price)…
Corporate Focus for 2013 Rochelle in Final Execution Phase The West development well (W-1) completed Drilling commenced on the E-2 well at East Rochelle First gas in September of 2013 Bacchus Development Completed Third…
NYSE:END LSE:ENDV www.endeavourcorp.com INVESTOR CONTACT: Darcey Matthews Director of Investor Relations 713.307.8711 darcey.matthewsendeavourcorp.com
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