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Endeavour revenues up 273% for the second quarter


The company is currently assessing the results from the successful Galtvort natural gas discovery and appraisal offshore Norway

Published Aug 6, 2008
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North Sea-focused Endeavour International has bounced into the black in the second quarter this year, returning a US $3m net profit, compared to a loss of $3.5m in the same quarter last year.

Endeavour said revenues for the second quarter, boosted by high sales volumes of 10,222 boe/d were up 273% to $86.3m from $31.6m in the same period in 2007 and $61.3m reported in the first quarter of 2008.

The company is currently assessing the results from the successful Galtvort natural gas discovery and appraisal offshore Norway (Endeavour 2.5%).

Norwegian exploration drilling is also currently underway, with two exploration wells now being drilled on the Norwegian Continental Shelf.