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Published on 10/28/2014 in the Prospect News Distressed Debt Daily.

Endeavour Operating announces cash flow projections through Jan. 4

By Caroline Salls

Pittsburgh, Oct. 28 – Endeavour Operating Corp. expects to have a $31.3 million U.S. cash balance as of Jan. 4, according to a 13-week cash flow projection filed with the Securities and Exchange Commission.

The projection shows cash flow fluctuating from a high of $38.8 million at the end of the week of Oct. 6.

Endeavour is a Houston-based oil and gas exploration and production company focused on the North Sea and the United States. The company filed for bankruptcy on Oct. 10 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 14-12308.


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