Endeavour Intl. (END)

[dan_s]

I am keeping an eye on this one, but it is still very speculative. I need to see a production forecast for Rochelle before I can model it. It is extremely risky to invest in these companies that are very dependent on a few fields. That said, if Rochelle is "the real deal" the stock could take off. - Dan

HOUSTON, Oct. 25, 2013 /PRNewswire/ -- Endeavour International Corporation (END) (ENDV.L) ("Endeavour" or the "Company") today announced that first production from the Rochelle gas-condensate field, in the U.K. North Sea, commenced on October 23, 2013.

The West Rochelle W1 well, the first of two development wells, is now flowing natural gas with associated liquids. The ramp-up of Rochelle production is underway and further details regarding flow rates will be discussed during the Company's third quarter conference call on November 6, 2013.

The second development well, East Rochelle E2, has been drilled to total depth, cased and is in the process of being completed. The E2 well is expected to be on-line later this quarter and will provide redundancy in producing the Company's allotted capacity limits across the Scott Platform.

Endeavour has a 44% working interest in the Rochelle field located in Blocks 15/26b, 15/26c and 15/27.

[dan_s]

Actually, my forecast model for END looks good. However, it is a total SWAG at this point.