Endeavour updates on Chapter 11 proceedings, resignation of executive

Endeavour International Corp.

Endeavour International Corp. (OTC: ENDRQ) (LSE: ENDV) has announced an accelerated timetable for its Chapter 11 proceedings. The company anticipates a hearing to be held on Dec. 17 for the purpose of obtaining the Bankruptcy Court's approval of the disclosure statement to be filed by the company in connection with its proposed plan of reorganization. There will also be a hearing on Feb. 3, 2015, for the purpose of obtaining confirmation by the Bankruptcy Court of the plan.

Endeavor also announced that William L. Transier requested that the board of directors accept his resignation as president and CEO of the company, effective Dec. 1, which the board accepted. Transier will continue as chairman of the board.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...