UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | August 27, 2010 |
Endeavour International Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
| Nevada | 001-32212 | 88-0448389 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 1001 Fannin Street, Suite 1600, Houston, Texas | 77002 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (713) 307-8700 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On August 27, 2010, a subsidiary of Endeavour International Corporation, Endeavour Energy UK Limited ("EEUK"), entered into a Sale and Purchase Agreement with Bayerngas E&P Limited and Bayerngas UK Limited (collectively "Bayerngas") pursuant to which Bayerngas will acquire EEUK’s interest in the UK Production Licence Nos. P.1055 and P.1437, collectively the "Cygnus asset." The consideration for the sale of the Cygnus asset is $110 million, subject to adjustments for working capital through the closing date. The transaction is subject to customary closing conditions, including certain government and joint venture partner approvals. Closing is expected to be completed within 60 days.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Endeavour International Corporation | ||||
| September 3, 2010 | By: |
Robert L. Thompson
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| Name: Robert L. Thompson | ||||
| Title: Chief Accounting Officer | ||||