Endeavour International Corp. (AMEX: END).(Interview)

Publication: Oil and Gas Investor

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COPYRIGHT 2005 Hart Publications, Inc.

Oil and Gas Investor: Describe the strategy that drives your company.

Transier: Our basic strategy is to build a balanced E&P company focused in the North Sea. The goal is to create the technical skill set and tools of an exploration company, combined with the ability to conduct mergers and acquisitions. That way we build a production base that can fund the exploration activity over a long period of time.

We believe that the North Sea represents a huge province of unfound reserves not unlike the Gulf of Mexico between 15 and 20 years ago. We plan to take advantage of the remaining infrastructure that the majors have left behind.

OGI: You had some interests in Thailand and also in Norway. Have those been divested?

Seitz: We sold our assets in Thailand to focus exclusively on the North Sea, the producing province of the United Kingdom, Norway, Netherlands, Denmark and Germany. Currently, we have a three-country strategy focused on the U.K., Norway and the Netherlands.

OGI: Could you describe your core drilling and production areas?

Seitz: Our efforts are focused in the Central North Sea, primarily an oil-producing province, where we believe the exploration effort is not anywhere complete. There's quite a bit of infrastructure in terms of producing facilities; floating production, storage and offloading vessels; and fixed platforms. More than half of our exploration licenses in the Central North Sea have been acquired in this area.

The other major producing province in the U.K. is the Southern Graben Basin and that is where we are focused on exploring for natural gas. We own interests in two oil-producing fields in Norway, the Njord and Brage, where we...

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