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Past Profile

eBlast
Endeavor Energy Corp. (OTCBB: ENEC)
August 5th, 2007.

 
 Endeavor Energy Corp. (OTCBB: ENEC)

Dear Reader,

From the waters of the Gippsland Basin of Australia to the prairies of Western Canada, Endeavor Energy Corp. (OTCBB: ENEC) is successfully exploring and developing reserves that enhance its shareholder value as well as contributing to a reliable ongoing rate of growth.

With ever increasing worldwide demand for energy, companies like Endeavor which are committed to exploring for more oil and natural gas, are equally in demand.  If you believe as many investors do, that the oil-and-gas industry is still rife with profit potential then you’ll want to examine our profile below.

And as a bonus to our readers, we’re pleased to bring you the fruit of a partnership with what may well be the most popular small cap research service on the financial web. Beacon Equity Research has become a leader in the creation of efficient and reasonably authored research on emerging companies. In a world where small cap companies are often not even required to provide financial data to investors, Beacon’s qualified perspective might just be the tool an investor needs to ponder a deal.  A comprehensive research report on Endeavor Energy has been made available FREE of charge to StockUpTicks Readers HERE

Anyone interested in receiving future research or alerts 
from Beacon Equity Research, please email members@beaconequityresearch.com
with “Research” in the subject line
a
    About Endeavor Energy Corp.

Company Overview
CANADA

Endeavor was newly established in 2006, an asset purchase from a mid-tier energy producer gave it a start with 13,000 acres and nominal production. From its early beginning, Endeavor focused on increasing land position and production.

Endeavor currently produces a modest 125 BOED barrels of oil equivalent (BOE) and adding 1,500 to 2,000 BOED with an $11.5 million 2007-drill campaign. At year-end 2008, Endeavor will producing over 4,000 BOED with a revenue target of $25 million. At year-end 2009, Endeavor will be producing over 5,500 BOED with a revenue target of $51 million increasing to $112 million by the end of 2011.

Its Canadian operations will generate 90% of production and provide a solid foundation for a growing portfolio. Today, ENEC has approximately 100,000 net acres under review within Alberta and Saskatchewan, partnering with industry leaders, such as Devon Energy and Penn West Energy Trust to develop prospective reserves in the Canadian prairies proving its expertise and growth model.


 

AUSTRALIA

VIC/P60 is 340,000 net acres in the shallow water of the Bass Straight off the coast of Victoria, Australia. Endeavor has purchased 62.5% of the concession and has partnered with Holloman Engineering of Dallas, Texas to explore and develop the prolific Bass Straight oil fields.

The area includes several major discoveries in various stages of development since late 1960's and has yielded billions of barrels of production. Several of the world's largest oil and gas companies are producing, developing and exploring adjacent to Endeavor's oil and gas concession.

Endeavor and Holloman have identified 6 prospective leads, based on independent reports by ISIS Petroleum Consultants predetermining the A1 lead (one of six) potentially holding reserves from 80 to 120 MMBO. These defined indicators combined with Holloman's expertise in the area convinced ENEC's team to participate in this world-class exploration prospect.
 

Combining low-risk deliverable results of Endeavor Energy Alberta and the high reward of Endeavor Energy Australia together offer significant near-term and longer-term growth.

a
    Structural Overview of ENEC


Corporate Strategy

The Company plans to increase reserves, production and cash flow by:

    *      Identifying and developing unconventional resources;
    *      Exploring in high-potential, proven basins;
    *      Exercising capital discipline;
    *      Preserving financial flexibility;
    *      Growing by the drill bit.

Endeavor plans growth through both exploration and acquisition activities.

The Company’s business plan is built upon three growth strategies:

1. Expansion through drilling and land acquisition. Canada’s Alberta province provides public disclosure of seismic and production information. For that reason, a wealth of published information is available for use in developing and refining drilling plans. This publicly available information reduces exploration risk and results in better land purchases and accelerated development drilling.

Moreover, major developers in Alberta have scaled back drilling of small to moderate producing wells in favour of lager prospects. This reduction in drilling activity has released drilling rigs and reduced drilling costs related to multi-well drilling plans. It also creates an incentive for major producers to execute farm-in agreements with smaller developers to maintain the activity required to fulfil lease obligations.

ENEC’s growth strategy targets the development of wells that are expected to produce a minimum of 60 barrels of oil equivalent per day. At this rate of production, management anticipates a short timeframe for payback of drilling investments.

2. Purchase of ongoing oil and gas production. The Company plans to identify, finance and purchase production of approximately 2,000 barrels of oil equivalent per day over the next twelve months.

3. Identification, financing and purchase of high-risk, high-return international oil concessions to compliment and diversify the fundamental drilling and acquisition strategies.  In connection with this strategy, ENEC executed two letters of intent during April, 2007.

First, ENEC announced its intent to acquire a 62.5% working interest in an Australian oil and gas exploration permit area known as Victoria Permit 60 (VIC/P60). As consideration for the permit, the Company has agreed to pay Bass Straight Partners LLC $637,068 in cash and 800,000 shares of ENEC’s restricted common stock plus a 9% overriding royalty interest in the permit. As a result, the Company will receive a net revenue interest of a 44.125% upon completion of the acquisition of this concession.

The Company has also committed to complete the work program required by the Vic P60 Permit for the remaining four years of the concession’s six-year term.

Second, the Company agreed to acquire 100% of the common stock of ENEC Canada. As consideration for the acquisition, ENEC agreed to deliver $1,500,000 in cash, and 3,714,286 common shares. The acquisition was completed during the second quarter of 2007. On July 20, 2007 Endeavor Energy Corporation announced its new ticker symbol, ENEC.

a
    ENEC Management Team

Cameron King, MBA - President & CEO

Cameron King is founder, President and Chief Executive Officer of Endeavor Energy Corporation. Through an acquisition and purchase strategy, Cameron has built the company into what is today, regarded as a premier junior oil and gas company amongst its peers. Since its inception in early 2006, the company has been responsible for assembling more than 31 sections of land under its direct control and ownership, another 45 sections under Joint Operating Agreements with some of Canada's major producers. Cameron has over 15 years of public and private company experience advising several junior oil and gas companies as a director and senior management. He was responsible for a major gas discovery in SW Alberta, which has grown into a major development strategy for Endeavor. Cameron holds an MBA from Lake Superior University, Michigan and a Finance degree from McMaster University, Hamilton, ON. Cameron's experience into oil and gas started in 1987 with Algoma Steel, in sales and product development for oil and gas drilling and casing products. In 1991, Cameron launched a career with the Bank of Nova Scotia, Toronto ON in Commercial and Corporate lending which grew into a key role and member of the Bank's M&A team. In 1999 Cameron set up King Capital Corporation which held the mandate to finance development companies that possessed quality management teams with realizable sales and production goals. Cameron's financial commitment to Endeavor Energy has been paramount to the continuation of the Corporation's long term success.

Robert Wesolek C.P.A. CFO

Mr. Robert Wesolek, has more than 25 years senior executive experience in both public accounting and private industry. For the period from March 2004 through January 2007, Mr. Wesolek served as chief financial officer and/or Director of House of Brussels Chocolates, Inc., a publicly traded manufacturer and wholesale distributor of chocolate confections. From October 1998 to January 2004, Mr. Wesolek served as president and chief executive officer of The Navigates Corporation, a privately held software developer. During the period from November 1998 to January 2001, he also served as chief financial officer for Sharp Technology Inc., a publicly traded software redistributor. From 1996 to 1998, Wesolek was president of the Desktop Software Division of Citadel Security Software, Inc. (then Citadel Technology, Inc.), a publicly traded security software vendor, and from 1988 to 1996, he served as chief operating officer of Kent Marsh Ltd., Inc., a desktop software provider for the Windows and Macintosh platforms. During the period from 1979 to 1987, Mr. Wesolek was a Senior Practice Manager in the Audit Division of Arthur Andersen LLP.

Keith Miles, Engineer - VP of Operations

Mr. Miles began his career in the oil and gas industry in the mid-seventies, after receiving a B.Sc.(Advanced) from the University of Saskatchewan. Mr. Miles has gained extensive experience throughout the years in areas of geological mapping, seismic evaluation, sample evaluation and project management. Most recently, Mr. Miles has held a key position at Cimarron Holdings Ltd as Vice President Exploration. He was instrumental in putting together 52,000 gross acres of exploration lands in western Saskatchewan, and had 85% success rate for the entire exploration projects.

Ryan C. Scott-Land Acquisition

Mr. Scott brings his extensive knowledge in the daily operations and development in the Land Department. Since his graduation from Mount Royal College in 1999 and obtaining the Entrepreneurship and Small Business Applied Degree and successfully holding various positions in corporate sales, Mr. Scott joined Scott Land and Lease Ltd where he was instrumental in heading up many divisions in the company, including the Minerals and Surface Departments, where Mr. Scott was successful in negotiating land and surface leases. Mr. Scott has a strong background in new land acquisitions. Mr. Scott holds an Interim Land Agent License and is a member of the Canadian Association of Petroleum Landmen.
a
     Major Oil & Gas Exploration Companies Include:

Anadarko Petroleum Corporation's (NYSE:APC), Conocophillips (NYSE:COP), Chevron NYSE: CVX)
PetroChina Co. Ltd. (NYSE: PTR), PRB Energy, Inc. (Amex: PRB), Schlumberger Limited (NYSE:SLB)
BP plc (NYSE: BP), Bill Barrett Corporation (NYSE: BBG), Chesapeake Energy Corp. (NYSE: CHK) 
Exxon Mobil (NYSE: XOM), ONEOK, Inc. (NYSE: OKE) and XTO Energy (NYSE:XTO)
a
     Recent News From ENEC

Press Release Source: Endeavor Energy Corporation
Friday August 3, 4:28 pm ET

Endeavor Energy Corporation Announces Acquisition of Endeavor Canada Corporation

CALGARY, ALBERTA--(MARKET WIRE)--Aug 3, 2007 -- Endeavor Energy Corporation, ("Endeavor" or the "Corporation") (OTC BB:ENEC.OB - News) is pleased to announce its acquisition of Endeavor Canada Corporation ("ECC"), an Alberta company involved in the development and exploration of oil and gas reserves throughout West Canada, (the "Acquisition").  MORE
>>>Spacer>>>>
    Financial Highlights For ENEC

Recent Price: 1.71
Average Volume: 34,600 (50-day) 
52-week High/Low: 2.00 / 0.21
Shares O/S: 61.180M
Market Cap: 104.618M
Float: 61.080
Industry: Oil Exploration & Production



6-Month Chart

a
    To Contact ENEC 

General Inquiries

General inquiries can be directed to info@endeavorenergy.com

Corporate Office Canada

Endeavor Energy Corporation
T. (403) 536-9954
F. (403) 532-3995
Suite 1110, 521 - 3rd Avenue SW
Calgary, AB, Canada T2P 3T3
www.endeavorenergy.com

Investor Relations

For any investor related questions that you may have, please send us an email to ir@endeavorenergy.com
or check out our investor relations section of the website, for a complete list of filings, presentations and stock information.


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