Endeavour to reassess strategy

Strategy review: Endeavour International chief executive Bill Transier

Endeavour International

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Josh Lewis

 14 February 2013 08:47 GMT

Houston-based Endeavour International has announced it is exploring a range of strategic alternatives to “unlock the value” underlying the assets in its portfolio, including the potential sale of the company.

It said the range of options under consideration would include a potential sale, joint venture or partnership in respect to its assets in the North Sea, the sale of specific assets, a sale or merger of the company or the continuation of its current operational plan.

"Our board of directors, management and shareholders continue to be disappointed by the dislocation between the underlying asset values and our stock price,” Endeavour chief executive, William L Transier said in a statement on Thursday.

“Our focus during the last two years has been to fully…

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