ENDEAVOUR INTERNATIONAL CORP - FORM 8-K - EX-99.1

ENDEAVOUR INTERNATIONAL CORP - FORM 8-K - EX-99.1 - September 1, 2015

Attached files

Attached files

ENDEAVOUR INTERNATIONAL CORP Reports

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8-K - 8-K - ENDEAVOUR INTERNATIONAL CORP	d89251d8k.htm

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE


In re: Endeavour Operating Corporation, et al.¹		Case No. 14-12308
		Reporting Period: 7/1/15 – 7/31/15

MONTHLY OPERATING REPORTFILE WITH COURT AND SUBMIT COPY TO UNITED STATES TRUSTEE WITHIN 20 DAYS AFTER END OF MONTH

Submit copy of report to any official committee appointed in the case.


REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached	Affidavit/ Supplement Attached

Schedule of Cash Receipts and Disbursements	MOR-1	YES	NO	NO
Bank Reconciliation (or copies of debtor’s bank reconciliations)	MOR-1a	NO	YES	YES
Schedule of Professional Fees Paid	MOR-1b	YES	NO	NO
Copies of bank statements
Cash disbursements journals

Statement of Operations	MOR-2	YES	NO	NO

Balance Sheet	MOR-3	YES	NO	NO

Status of Post-petition Taxes	MOR-4	YES	NO	NO
Copies of IRS Form 6123 or payment receipt
Copies of tax returns filed during reporting period

Summary of Unpaid Post-petition Debts	MOR-4	YES	NO	NO
Listing of aged accounts payable	MOR-4	YES	NO	NO

Accounts Receivable Reconciliation and Aging	MOR-5	YES	NO	NO

Debtor Questionnaire	MOR-5	YES	NO	NO

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.


Signature of Debtor						Date

Signature of Joint Debtor						Date

/s/ Catherine L. Stubbs						August 31, 2015
Signature of Authorized Individual*						Date

Catherine L. Stubbs						Chief Financial Officer
Printed Name of Authorized Individual						Title of Authorized Individual

*	Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

The Debtors in these chapter 11 cases and the last four digits of each Debtor’s taxpayer identification number are as follows: Endeavour Operating Corporation (6552); Endeavour International Corporation (8389); Endeavour Colorado Corporation (0067); END Management Company (7578); Endeavour Energy New Ventures Inc. (7563); Endeavour Energy Luxembourg S.à r.l. (2113). The Debtors’ principal offices are located at 811 Main Street, Suite 2100, Houston, Texas 77002.


In re Endeavour Operating Corporation, et al.		Case No. 14-12308
Debtors		Reporting Period: 7/1/15 – 7/31/15

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

Amounts reported should be per the debtor’s books, not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filled. The amounts reported in the “CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. The amounts reported in the “PROJECTED” columns should be taken from the SMALL BUSINESS INITIAL REPORT (FORM IR-1). Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1 (CONT)]

BANK ACCOUNTS

CURRENT MONTH

CUMULATIVE

FILING TO DATE

OPER.

PAYROLL

TAX

OTHER

ACTUAL

PROJECTED

ACTUAL

PROJECTED

CASH BEGINNING OF MONTH

SEE EXHIBIT A

RECEIPTS

CASH SALES

ACCOUNTS RECEIVABLE

LOANS AND ADVANCES

SALE OF ASSETS

OTHER (ATTACH LIST)

TRANSFERS (FROM DIP ACCTS)

TOTAL RECEIPTS

DISBURSEMENTS

NET PAYROLL

PAYROLL TAXES

SALES, USE & OTHER TAXES

INVENTORY PURCHASES

SECURED RENTAL/LEASES

INSURANCE

ADMINISTRATIVE

SELLING

OTHER (ATTACH LIST)

OWNER DRAW*

TRANSFERS (TO DIP ACCTS)

PROFESSIONAL FEES

U.S. TRUSTEE QUARTERLY FEES

COURT COSTS

TOTAL DISBURSEMENTS

NET CASH FLOW

(RECEIPTS LESS DISBURSEMENTS)

CASH - END OF MONTH

*	COMPENSATION TO SOLE PROPRIETORS FOR SERVICES RENDERED TO BANKRUPTCY ESTATE

THE FOLLOWING SECTION MUST BE COMPLETED


DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS		$
LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS		$
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts)		$
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES		$

EXHIBIT A

Schedule of Cash Receipts and Disbursements


(In Millions)	October 10, 2014 - October 31, 2014			November 1, 2014 - November 30, 2014			December 1, 2014 - December 31, 2014			January 1, 2015 - January 31, 2015			February 1, 2015 - February 28, 2015			March 1, 2015 - March 31, 2015			April 1, 2015 - April 30, 2015
Cash, Beginning of Period	$	37.0		$	37.3		$	35.1		$	32.0		$	29.2		$	24.2		$	17.3
Inflows:
US Revenue	$	0.3		$	0.5		$	1.0		$	0.7		$	1.0		$	0.2		$	0.4
Misc Revenue		—			0.6			—			—			—			—			—
JIB Receipts		0.6			—			—			—			—			—			—

Total Inflows	$	0.9		$	1.1		$	1.0		$	0.7		$	1.0		$	0.2		$	0.4
Outflows:
Capital Projects	$	(0.1	)	$	(0.7	)	$	(1.9	)	$	(1.4	)	$	(1.0	)	$	(1.3	)	$	(0.6	)
Operating Costs		—			(0.1	)		—			(0.2	)		(0.2	)		(0.1	)		(0.3	)
G&A/Other		(0.4	)		(2.5	)		(1.5	)		(1.0	)		(1.9	)		(1.0	)		(1.1	)
Professionals		(0.1	)		—			(4.1	)		(0.9	)		(2.9	)		(4.7	)		(1.6	)

Total Outflows	$	(0.6	)	$	(3.3	)	$	(7.5	)	$	(3.5	)	$	(6.0	)	$	(7.1	)	$	(3.6	)

IC Transfers:
Restructuring Costs	$	—		$	—		$	—		$	—		$	—		$	—		$	—
US G&A		—			—			3.3			—			—			—			—
US Capex		—			—			—			—			—			—			—

Net Cash Flow	$	0.3		$	(2.2	)	$	(3.1	)	$	(2.8	)	$	(5.0	)	$	(6.9	)	$	(3.2	)

Cash, End of Period	$	37.3		$	35.1		$	32.0		$	29.2		$	24.2		$	17.3		$	14.1

Note 1: All Cash Receipts and Disbursements are through Endeavour Operating Corp.

Note 2: An adjustment has been made to April to fix a cut-off error. Various payments incorrectly shown in April per the April MOR filing have been moved to the month of May when they were paid.

Schedule of Cash Receipts and Disbursements (continued)


	May 1, 2015, - May 31, 2015			June 1, 2015 - June 30 2015			July 1, 2015 - July 31 2015			Cumulative
(In Millions)
Cash, Beginning of Period	$	14.1		$	19.0		$	17.9		$	37.0
Inflows:
US Revenue	$	0.7		$	0.8		$	0.4		$	6.0
Misc Revenue		—			0.1			—			0.7
JIB Receipts		—			—			—			0.6

Total Inflows	$	0.7		$	0.9		$	0.4		$	7.3
Outflows:
Capital Projects	$	—		$	(0.1	)	$	0.6		$	(6.5	)
Operating Costs		(0.4	)		(0.5	)		(0.2	)		(2.0	)
G&A/Other		(1.8	)		(1.3	)		(1.1	)		(13.5	)
Professionals		(0.6	)		(1.6	)		(2.5	)		(19.0	)

Total Outflows	$	(2.8	)	$	(3.5	)	$	(3.2	)	$	(41.0	)
IC Transfers:
Restructuring Costs	$	—		$	—		$	—		$	—
US G&A		7.0			1.5			1.0			12.8
US Capex		—			—			—			—

Net Cash Flow	$	4.9		$	(1.1	)	$	(1.8	)	$	(20.9	)

Cash, End of Period	$	19.0		$	17.9		$	16.1		$	16.1

Note 1: All Cash Receipts and Disbursements are through Endeavour Operating Corp.

Cash Disbursements


(amounts in millions)
Case Number	Entity	October 10, 2014 - October 31, 2014		November 1, 2014 - November 30, 2014		December 1, 2014 - December 31, 2014		January 1, 2015 - January 31, 2015		February 1, 2015 - February 28, 2015		March 1, 2015 - March 31, 2015		April 1, 2015 - April 30, 2015
14-12308	Endeavour Operating Corporation		0.4		2.6		5.6		1.9		4.8		5.8		3.0
14-12310	Endeavour Colorado Corporation		0.2		0.7		1.9		1.6		1.2		1.3		1.0
14-12312	Endeavour Management Company		0		0		0		0		0		0		0
14-12311	Endeavour Energy New Ventures Inc.		0		0		0		0		0		0		0
14-12309	Endeavour International Corporation		0		0		0		0		0		0		0
14-12313	Endeavour Energy Luxembourg S.a.r.l.		0		0		0		0		0		0		0

	Total		0.6		3.3		7.5		3.5		6.0		7.1		4.0

*(CONTINUED)*
(amounts in millions)
Case Number	Entity	May 1, 2015 - May 30, 2015		June 1, 2015 - June 30, 2015		July 1, 2015 - July 31, 2015
14-12308	Endeavour Operating Corporation		2.1		2.9		3.6
14-12310	Endeavour Colorado Corporation		0.3		0.6		-0.4
14-12312	Endeavour Management Company		0		0		0
14-12311	Endeavour Energy New Ventures Inc.		0		0		0
14-12309	Endeavour International Corporation		0		0		0
14-12313	Endeavour Energy Luxembourg S.a.r.l.		0		0		0

	Total		2.4		3.5		3.2

In re Endeavour Operating Corporation, et al.,


Debtor¹	Case No.:	14-12308
MOR-1a	Reporting Period:	7/1/2015 – 7/31/2015

For the Period July 1, 2015 to July 31, 2015

Declaration Regarding the Reconciliation of the Debtor’s Bank Accounts as of July 31, 2015.

Catherine L. Stubbs hereby declares under penalty of perjury:

I am the Chief Financial Officer for Endeavour International Corporation, the above-captioned debtors and debtors in possession (collectively, the “Debtors”). I am familiar with the Debtors’ day-to-day operations, business, affairs and books and records.

All statements in this Declaration are based on my personal knowledge, my review of the relevant documents, my discussions with other employees of the Debtors, or my opinion based upon my experience and knowledge of the Debtors’ operations and financial condition. If I were called upon to testify, I could and would testify to each of the facts set forth herein based on such personal knowledge, review of documents or opinion. I am authorized to submit this Declaration on behalf of the Debtors.

To the best of my knowledge, the Debtors’ bank balances as of July 31, 2015 have been reconciled in an accurate and timely manner. Copies of the bank reconciliations are available for inspection upon request by the Office of the United States Trustee.

Bank Account Summary


Bank	Account # Last 4	Holder	Book balance at October 31, 2014		Book balance at November 30, 2014		Book balance at December 31, 2014			Book balance at January 31, 2015		Book balance at February 28, 2015		Book balance at March 31, 2015		Book Balance at April 30, 2015
JP Morgan Chase	1267	Endeavour Energy Luxembourg	$	10,000.00	$	10,000.00	$	10,000.00		$	10,000.00	$	10,000.00	$	10,000.00	$	10,000.00
BGL BNP Paribas	0713	Endeavour Energy Luxembourg	€	16,280.66	€	20,272.68	€	1,077.18		€	1,075.98	€	1,075.98	€	326.80	€	201.64
JP Morgan Chase	5082	Endeavour Operating Corporation	$	959,503.06	$	968,088.38	$	273,820.04		$	73,818.69	$	454,057.30	$	5,529.95	$	139,583.27
JP Morgan Chase	6265	Endeavour Operating Corporation	$	36,340,127.43	$	34,253,943.49	$	31,764,424.96		$	28,911,743.14	$	23,684,408.62	$	17,492,250.28	$	14,111,671.13
JP Morgan Chase	0539	Endeavour Operating Corporation	$	17,000.00	$	17,000.00	$	17,000.00		$	17,000.00	$	17,000.00	$	17,000.00	$	17,000.00

*(CONTINUED)*

Bank	Account # Last 4	Holder	Book Balance at May 31, 2015		Book Balance at June 30, 2015		Book Balance at July 31, 2015
JP Morgan Chase	1267	Endeavour Energy Luxembourg	$	10,000.00	$	10,000.00	$	10,000.00
BGL BNP Paribas	0713	Endeavour Energy Luxembourg	€	1,077.18	€	185.38	€	(182.13	)
JP Morgan Chase	5082	Endeavour Operating Corporation	$	75,841.15	$	776,208.57	$	1,257,383.00
JP Morgan Chase	6265	Endeavour Operating Corporation	$	18,842,944.47	$	17,693,777.68	$	14,915,865.00
JP Morgan Chase	0539	Endeavour Operating Corporation	$	17,000.00	$	17,000.00	$	17,000.00


In re Endeavour Operating Corporation, et al.,				Case No. 14-12308
Debtors				Reporting Period: 10/10/2014 – 7/31/2015

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

This schedule is to include all retained professional payments from case inception to current month.


Payee	Period Covered	Amount Covered		Payor	Check/Wire		Amount Paid				Since Inception
Payee	Period Covered	Amount Covered		Payor	Number	Date	Fees		Expenses		Fees		Expenses
Kurtzman Carson Consultants	11/1/2014 – 11/30/2014	$	13,968.00	Endeavour Operating Corporation	CHIP REF: 484138**4	11/10//2014		NONE	$	13,968.00
Kurtzman Carson Consultants	10/10/2014 – 10/31/2014	$	85,067.04	Endeavour Operating Corporation	CHIP REF: 047***39	2/27/2015	$	28,883.00	$	56,127.81
Kurtzman Carson Consultants	11/1/2014 – 11/30/2014	$	95,163.60	Endeavour Operating Corporation	CHIP REF: 047***39	2/27/2015	$	28,176.00	$	66,580.51
Kurtzman Carson Consultants	12/1/2014 – 12/31/2014	$	196,667.26	Endeavour Operating Corporation	CHIP REF: 047***39	2/27/2015	$	81,763.50	$	114,451.51
Kurtzman Carson Consultants	1/1/2015 – 1/31/2015	$	71,377.56	Endeavour Operating Corporation	CHIP REF: 047***39	2/27/2015	$	34,429.50	$	36,787.66
Kurtzman Carson Consultants	2/1/2015 – 2/28/2015	$	38,404.28	Endeavour Operating Corporation	CHIP REF: 033***38	7/10/2015	$	17,532.50	$	20,767.69
Kurtzman Carson Consultants	3/1/2015 – 3/31/2015	$	35,677.57	Endeavour Operating Corporation	CHIP REF: 033***38	7/10/2015	$	9,974.50	$	25,677.57
Kurtzman Carson Consultants	4/1/2015 – 4/30/2015	$	32,470.46	Endeavour Operating Corporation	CHIP REF: 033***38	7/10/2015	$	17,737.50	$	14,416.55	$	218,496.50	$	348,777.30
Weil, Gotshal & Manges LLP	10/10/2014 – 10/31/2014	$	659,215.10	Endeavour Operating Corporation	JPM REF: 13957**5JO	12/31/2014	$	646,025.40	$	13,189.76
Weil, Gotshal & Manges LLP	10/10/2014 – 10/31/2014	$	161,506.35 (Holdback)	Endeavour Operating Corporation	JPM REF: 43748**1JO	7/10/2015	$	161,506.35 (Holdback)		NONE


In re Endeavour Operating Corporation, et al.,				Case No. 14-12308
Debtors				Reporting Period: 10/10/2014 – 7/31/2015

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID (continued)

This schedule is to include all retained professional payments from case inception to current month.


Payee	Period Covered	Amount Covered		Payor	Check/Wire		Amount Paid				Since Inception
Payee	Period Covered	Amount Covered		Payor	Number	Date	Fees		Expenses		Fees		Expenses
Weil, Gotshal & Manges LLP	11/1/2014 – 11/30/2014	$	661,521.78	Endeavour Operating Corporation	JPM REF: 59745**1JO	3/2/2015	$	653,882.00	$	7,639.78
Weil, Gotshal & Manges LLP	11/1/2014 – 11/30/2014	$	163,470.50 (Holdback)	Endeavour Operating Corporation	JPM REF: 43748**1JO	7/10/2015	$	163,470.50 (Holdback)		NONE
Weil, Gotshal & Manges LLP	12/1/2014 – 12/31/2014	$	722,206.18	Endeavour Operating Corporation	JPM REF: 59745**1JO	3/2/2015	$	708,302.60	$	13,903.58
Weil, Gotshal & Manges LLP	12/1/2014 – 12/31/2014	$	177,075.65 (Holdback)	Endeavour Operating Corporation	JPM REF: 43748**1JO	7/10/2015	$	177,075.65 (Holdback)		NONE
Weil, Gotshal & Manges LLP	1/1/2015 – 1/31/2015	$	557,137.68	Endeavour Operating Corporation	JPM REF: 48385**6JO	3/27/2015	$	544,840.40	$	12,296.78
Weil, Gotshal & Manges LLP	2/1/2015 – 2/28/2015	$	276,126.26	Endeavour Operating Corporation	JPM REF: 1953**44JO	4/24/2015	$	273,012.00	$	3,114.26
Weil, Gotshal & Manges LLP	3/1/2015 – 3/31/2015	$	270,256.67	Endeavour Operating Corporation	BOOK TFR: 60***49	6/5/2015	$	265,152.80	$	5,103.87
Weil, Gotshal & Manges LLP	4/1/2015 – 4/30/2015	$	579,423.27	Endeavour Operating Corporation	JPM REF: 1719**91JO	7/10/2015	$	572,266.40	$	7,156.87	$	4,165,534.10	$	62,404.90
Blackstone Advisory Partners LP	10/10/2014 – 10/31/2014	$	95,414.73	Endeavour Operating Corporation	JPM REF: 13958**5JO	12/31/2014	$	94,838.71	$	576.02
Blackstone Advisory Partners LP	10/10/2014 – 10/31/2014	$	23,709.68 (Holdback)	Endeavour Operating Corporation	JPM REF: 43750***1JO	7/10/2015	$	23,709.68 (Holdback)		NONE


In re Endeavour Operating Corporation, et al.,				Case No. 14-12308
Debtors				Reporting Period: 10/10/2014 – 7/31/2015

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID (continued)

This schedule is to include all retained professional payments from case inception to current month.


Payee	Period Covered	Amount Covered		Payor	Check/Wire		Amount Paid						Since Inception
Payee	Period Covered	Amount Covered		Payor	Number	Date	Fees			Expenses			Fees		Expenses
Blackstone Advisory Partners LP	11/1/2014 – 11/30/2014	$	162,471.26	Endeavour Operating Corporation	JPM REF: 24873**4JO	2/13/2015	$	140,000.00		$	22,471.26
Blackstone Advisory Partners LP	11/1/2014 – 11/30/2014	$	35,000.00 (Holdback)	Endeavour Operating Corporation	JPM REF: 43750***1JO	7/10/2015	$	35,000.00 (Holdback	)		NONE
Blackstone Advisory Partners LP	12/1/2014 – 12/31/2014	$	141,648.13	Endeavour Operating Corporation	JPM REF: 3230***8JO	2/27/2015	$	140,000.00		$	1,648.13
Blackstone Advisory Partners LP	12/1/2014 – 12/31/2014	$	35,000.00 (Holdback)	Endeavour Operating Corporation	JPM REF: 43750***1JO	7/10/2015	$	35,000.00 (Holdback	)		NONE
Blackstone Advisory Partners LP	1/1/2015 – 1/31/2015	$	141,180.51	Endeavour Operating Corporation	JPM REF: 4831**6JO	3/27/2015	$	140,000.00		$	1,180.51
Blackstone Advisory Partners LP	2/1/2015 – 2/28/2015	$	132,321.43	Endeavour Operating Corporation	JPM REF: 195***4JO	4/24/2015	$	140,000.00		($	7,678.57	)
Blackstone Advisory Partners LP	3/1/2015 – 3/31/2015	$	145,430.61	Endeavour Operating Corporation	BOOK TFR: 60***16	6/5/2015	$	140,000.00		$	5,430.61
Blackstone Advisory Partners LP	4/1/2015 – 4/30/2015	$	142,206.60	Endeavour Operating Corporation	JPM REF: 1719**91JO	7/10/2015	$	140,000.00		$	2,206.60		$	1,028,548.39	$	25,834.56
Opportune LLP	10/10/2014 – 10/31/2014	$	287,770.31	Endeavour Operating Corporation	FED WIRE: 0109***833	1/9/2015	$	271,729.50		$	16,040.81
Opportune LLP	11/1/2014 – 11/30/2014	$	398,161.05	Endeavour Operating Corporation	FED WIRE: 0213B***352	2/13/2015	$	388,168.50		$	9,992.55


In re Endeavour Operating Corporation, et al.,				Case No. 14-12308
Debtors				Reporting Period: 10/10/2014 – 7/31/2015

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID (continued)

This schedule is to include all retained professional payments from case inception to current month.

Payee

Period
Covered

Amount
Covered

Payor

Check/Wire

Amount Paid

Since Inception

Number

Date

Fees

Expenses

Fees

Expenses

Opportune LLP

12/1/2014 –

12/31/2014

230,667.21

Endeavour

Operating Corporation

FED WIRE:

0227***873

2/27/2015

210,542.60

20,124.61

Opportune LLP

1/1/2015 –

1/31/2015

275,707.49

Endeavour

Operating Corporation

FED WIRE:

0331***547

3/31/2015

267,790.00

7,917.49

Opportune LLP

2/1/2015 –

2/28/2015

272,666.37

Endeavour

Operating Corporation

FED WIRE:

0508***118

5/8/2015

266,660.00

6,006.37

Opportune LLP

3/1/2015 –

3/31/2015

273,321.66

Endeavour

Operating Corporation

FED WIRE:

0522***496

5/22/2015

267,665.00

5,656.66

1,672,555.60

65,738.49

Ernst and Young LLP

10/10/2014 –
10/31/2014

53,984.22

Endeavour

Operating Corporation

ACH:

1905***673

2/13/2015

53,984.22

NONE

Ernst and Young LLP

10/10/2014 –
10/31/2014

10,796.84

(Holdback)

Endeavour

Operating Corporation

ACH:

2719***678

7/10/2015

10,796.84

(Holdback)

NONE

Ernst and Young LLP

11/1/2014 –

11/30/2014

171,792.94

Endeavour

Operating Corporation

ACH:

1905***673

2/13/2015

171,792.94

NONE

Ernst and Young LLP

11/1/2014 –

11/30/2014

34,358.59

(Holdback)

Endeavour

Operating Corporation

ACH:

2719***678

7/10/2015

34,358.59

(Holdback)

NONE

Ernst and Young LLP

12/1/2014 –

12/31/2014

118,083.51

Endeavour

Operating Corporation

FED WIRE:

0227***076

2/27/2015

118,083.51

NONE

Ernst and Young LLP

12/1/2014 –
12/31/2014

40,809.73

(Holdback)

Endeavour

Operating Corporation

ACH:

2719***678

7/10/2015

40,809.73

(Holdback)

NONE


In re Endeavour Operating Corporation, et al.,				Case No. 14-12308
Debtors				Reporting Period: 10/10/2014 – 7/31/2015

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID (continued)

This schedule is to include all retained professional payments from case inception to current month.

Payee

Period
Covered

Amount
Covered

Payor

Check/Wire

Amount Paid

Since Inception

Number

Date

Fees

Expenses

Fees

Expenses

Ernst and Young LLP

1/1/2015 –

1/31/2015

157,265.25

Endeavour

Operating Corporation

FED WIRE:

0327***930

3/27/2015

157,265.25

NONE

Ernst and Young LLP

2/1/2015 –

2/28/2015

164,407.26

Endeavour

Operating Corporation

FED WIRE:

2284***264

4/24/2015

164,407.26

NONE

Ernst and Young LLP

3/1/2015 –

3/31/2015

332,400.79

Endeavour

Operating Corporation

FED WIRE:

0605***235

6/5/2015

332,400.79

NONE

Ernst and Young LLP

4/1/2015 –

4/30/2015

59,067.52

Endeavour

Operating Corporation

ACH:

2719***314

7/10/2015

59,067.52

NONE

1,142,966.65

NONE

Richards, Layton & Finger

10/10/2014
–
10/31/2014

62,830.65

Endeavour

Operating Corporation

FED WIRE:

0302***594

3/2/2015

57,014.40

5,816.25

Richards, Layton & Finger

10/10/2014
–
10/31/2014

14,253.60

(Holdback)

Endeavour

Operating Corporation

FED WIRE:

0710***645

7/10/2015

14,253.60

(Holdback

)

NONE

Richards, Layton & Finger

11/1/2014 –

11/30/2014

59,150.56

Endeavour

Operating Corporation

FED WIRE:

0302***594

3/2/2015

56,347.60

2,802.96

Richards, Layton & Finger

11/1/2014 –

11/30/2014

14,086.90

(Holdback)

Endeavour

Operating Corporation

FED WIRE:

0710***645

7/10/2015

14,086.90

(Holdback

)

NONE

Richards, Layton & Finger

12/1/2014 –

12/31/2014

67,654.81

Endeavour

Operating Corporation

FED WIRE:

0302***594

3/2/2015

61,251.20

6,403.61


In re Endeavour Operating Corporation, et al.,				Case No. 14-12308
Debtors				Reporting Period: 10/10/2014 – 7/31/2015

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID (continued)

This schedule is to include all retained professional payments from case inception to current month.


Payee	Period Covered	Amount Covered		Payor	Check/Wire		Amount Paid				Since Inception
Payee	Period Covered	Amount Covered		Payor	Number	Date	Fees		Expenses		Fees		Expenses
Richards, Layton & Finger	12/1/2014 – 12/31/2014	$	15,312.80 (Holdback)	Endeavour Operating Corporation	FED WIRE: 0710***645	7/10/2015	$	15,312.80 (Holdback)		NONE
Richards, Layton & Finger	1/1/2015 – 1/31/2015	$	40,284.95	Endeavour Operating Corporation	FED WIRE: 0327***770	3/27/2015	$	38,810.00	$	1,474.95
Richards, Layton & Finger	2/1/2015 – 2/28/2015	$	24,639.71	Endeavour Operating Corporation	FED WIRE: 0424***993	4/24/2015	$	24,159.60	$	480.11
Richards, Layton & Finger	3/1/2015 – 3/31/2015	$	24,218.69	Endeavour Operating Corporation	FED WIRE: 0605***510	6/5/2015	$	22,886.80	$	1,331.89
Richards, Layton & Finger	4/1/2015 – 4/30/2015	$	34,274.09	Endeavour Operating Corporation	FED WIRE: 0710***315	7/10/2015	$	32,586.00	$	1,688.09	$	336,708.90	$	19,997.86
Alvarez & Marsal	12/1/2014 – 1/31/2015	$	119,265.75	Endeavour Operating Corporation	JPM REF: 563***6JO	3/27/2015	$	119,212.00	$	53.75
Alvarez & Marsal	2/1/2015 – 3/31/2015	$	59,812.57	Endeavour Operating Corporation	BOOK TFR: 605***7	6/5/2015	$	57,882.00	$	1,930.57
Alvarez & Marsal	4/1/2015 – 4/30/2015	$	42,911.01	Endeavour Operating Corporation	JPM REF: 171***1JO	7/10/2015	$	42,862.00	$	49.01	$	219,956.00	$	2,033.33
Bayard, P.A.	12/1/2014 – 12/31/2014	$	123,099.45	Endeavour Operating Corporation	FED WIRE: 032***737	3/27/2015	$	120,191.20	$	2,908.25


In re Endeavour Operating Corporation, et al.,				Case No. 14-12308
Debtors				Reporting Period: 10/10/2014 – 7/31/2015

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID (continued)

This schedule is to include all retained professional payments from case inception to current month.


Payee	Period Covered	Amount Covered		Payor	Check/Wire		Amount Paid				Since Inception
Payee	Period Covered	Amount Covered		Payor	Number	Date	Fees		Expenses		Fees		Expenses
Bayard, P.A.	1/1/2015 – 1/31/2015	$	54,297.93	Endeavour Operating Corporation	FED WIRE: 032***737	3/27/2015	$	53,502.00	$	795.93
Bayard, P.A.	2/1/2015 – 2/28/2015	$	38,267.08	Endeavour Operating Corporation	FED WIRE: 042***995	4/24/2015	$	37,536.80	$	730.28
Bayard, P.A.	3/1/2015 – 3/31/2015	$	59,320.70	Endeavour Operating Corporation	FED WIRE: 042***610	6/5/2015	$	58,352.00	$	968.70
Bayard, P.A.	4/1/2015 – 4/30/2015	$	68,904.29	Endeavour Operating Corporation	FED WIRE: 071***286	7/10/2015	$	64,940.40	$	3,963.89	$	334,552.40	$	9,367.05
Thompson & Knight	12/1/2014 – 12/31/2014	$	224,454.15	Endeavour Operating Corporation	FED WIRE: 032***728	3/27/2015	$	222,398.80	$	2,055.35
Thompson & Knight	1/1/2015 – 1/31/2015	$	237,282.25	Endeavour Operating Corporation	FED WIRE: 032***728	3/27/2015	$	189,825.80	$	1,920.65
Thompson & Knight	2/1/2015 – 2/28/2015	$	102,492.40	Endeavour Operating Corporation	FED WIRE: 042***989	4/24/2015	$	102,492.40		NONE
Thompson & Knight	3/1/2015 – 3/31/2015	$	233,324.13	Endeavour Operating Corporation	FED WIRE: 0605***506	6/5/2015	$	230,917.40	$	2,406.73
Thompson & Knight	4/1/2015 – 4/30/2015	$	251,358.97	Endeavour Operating Corporation	FED WIRE: 0710***776	7/10/2015	$	249,658.80	$	1,700.17	$	995,293.20	$	8,082.90
UpShot Services LLC	1/1/2015 – 1/31/2015	$	3,284.50	Endeavour Operating Corporation	FED WIRE: 050***077	5/8/2015	$	3,284.50		NONE	$	3,284.50		NONE

Endeavour International Corporation Statement of Operations


	October 11, 2014 - October 31, 2014			November 1 2014 - November 30, 2014			December 1, 2014 - December 31, 2014			January 1, 2015 - January 31, 2015			February 1, 2015 - February 28, 2015			March 1, 2015 - March 31, 2015			April 1, 2015 - April 30, 2015
Oil Revenue	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Gas Revenues		—			—			—			—			—			—			—
Liquids Revenues		—			—			—			—			—			—			—

Revenue	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Operating Expenses	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total DD&A Expense		—			—			—			—			—			—			—
Impairment of Oil and Gas Properties		—			—			—			—			—			—			—
Goodwill Impairment Loss		—			—			—			—			—			—			—
General & Administrative Expense		1,430			87,282			7,564			(2,013	)		21,767			18,059			3,005

Total Expenses	$	1,430		$	87,282		$	7,564		$	(2,013	)	$	21,767		$	18,059		$	3,005

Operating Profit (Loss)	$	(1,430	)	$	(87,282	)	$	(7,564	)	$	2,013		$	(21,767	)	$	(18,059	)	$	(3,005	)
Gain/Loss on Derivative Instruments	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Interest Expense		—			—			—			—			—			—			—
Interest Income		(3,752,903	)		(5,540,000	)		(5,540,000	)		(5,540,000	)		(5,540,000	)		(5,540,000	)		(5,540,000	)
Transaction Costs		—			—			—			—			—			—			—
Total Letter of Credit Fees		—			—			—			—			—			—			—
Foreign Currency Exchange (Gain) Loss		—			—			—			—			—			—			—
Litigation Settlements		—			—			—			—			—			—			—
Net Other (Income) Expense		—			—			29,619,358			—			—			—			—

Other Income (Expense)	$	(3,752,903	)	$	(5,540,000	)	$	24,079,358		$	(5,540,000	)	$	(5,540,000	)	$	(5,540,000	)	$	(5,540,000	)

Income (Loss) Before Tax & Preferred Dividends	$	3,751,473		$	5,452,718		$	(24,086,922	)	$	5,542,013		$	5,518,233		$	5,521,941		$	5,536,995
Income Tax Expense	$	—		$	—		$	—		$	—		$	—		$	—		$	—

Income (Loss) Before Preferred Dividends	$	3,751,473		$	5,452,718		$	(24,086,922	)	$	5,542,013		$	5,518,233		$	5,521,941		$	5,536,995
Preferred Stock Dividends	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net Income (Loss)	$	3,751,473		$	5,452,718		$	(24,086,922	)	$	5,542,013		$	5,518,233		$	5,521,941		$	5,536,995

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour International Corporation Statement of Operations (continued)


	May 1, 2015 - May 31, 2015			June 1, 2015 - June 30, 2015			July 1, 2015 - July 31, 2015			Cumulative
Oil Revenue	$	—		$	—		$	—		$	—
Gas Revenues		—			—			—			—
Liquids Revenues		—			—			—			—

Revenue	$	—		$	—		$	—		$	—
Operating Expenses	$	—		$	—		$	—		$	—
Total DD&A Expense		—			—			—			—
Impairment of Oil and Gas Properties		—			—						—
Goodwill Impairment Loss		—			—			—			—
General & Administrative Expense		5,483			957			578			144,112

Total Expenses	$	5,483		$	957		$	578		$	144,112

Operating Profit (Loss)	$	(5,483	)	$	(957	)	$	(578	)	$	(144,112	)
Gain/Loss on Derivative Instruments	$	—		$	—		$	—		$	—
Total Interest Expense		—			—			—			—
Interest Income		(5,540,000	)		(5,540,000	)		(5,540,000	)		(53,612,903	)
Transaction Costs		—			—			—			—
Total Letter of Credit Fees		—			—			—			—
Foreign Currency Exchange (Gain) Loss		—			—			—			—
Litigation Settlements		—			—			—			—
Net Other (Income) Expense		—			—			—			29,619,358

Other Income (Expense)	$	(5,540,000	)	$	(5,540,000	)	$	(5,540,000	)	$	(23,993,545	)

Income (Loss) Before Tax & Preferred Dividends	$	5,534,517		$	5,539,043		$	5,539,422		$	23,849,433
Income Tax Expense	$	—		$	—		$	—		$	—

Income (Loss) Before Preferred Dividends	$	5,534,517		$	5,539,043		$	5,539,422		$	23,849,433
Preferred Stock Dividends	$	—		$	—		$	—		$	—
Net Income (Loss)	$	5,534,517		$	5,539,043		$	5,539,422		$	23,849,433

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour Energy Luxembourg Sarl Statement of Operations


	October 11, 2014 - October 31, 2014			November 1 2014 - November 30, 2014			December 1, 2014 - December 31, 2014			January 1, 2015 - January 31, 2015			February 1, 2015 - February 28, 2015			March 1, 2015 - March 31, 2015			April 1, 2015 - April 30, 2015
Oil Revenue	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Gas Revenues		—			—			—			—			—			—			—
Liquids Revenues		—			—			—			—			—			—			—

Revenue	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Operating Expenses	$	—		$	—		$	—			—			—			—			—
Total DD&A Expense		—			—			—			—			—			—			—
Impairment of Oil and Gas Properties		—			—			—			—			—			—			—
Goodwill Impairment Loss		—			—			—			—			—			—			—
General & Administrative Expense		50,924			—			491			1			1,213			1,725			3

Total Expenses	$	50,924		$	—		$	491		$	1		$	1,213		$	1,725		$	3

Operating Profit (Loss)	$	(50,924	)	$	—		$	(491	)	$	(1	)	$	(1,213	)	$	(1,725	)	$	(3	)
Gain/Loss on Derivative Instruments	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Interest Expense		—			—			(5,454,339	)		—			—			—			—
Interest Income		—			—			—			—			—			—			—
Transaction Costs		—			—			—			—			13,493			—			2,204
Total Letter of Credit Fees		—			—			—			—			—			—			—
Foreign Currency Exchange (Gain) Loss		(110	)		(202	)		(1,544	)		—			—			—			—
Litigation Settlements		—			—			—			—			—			—			—
Net Other (Income) Expense		—			—			4,001,679			—			—			—			—

Other Income (Expense)	$	(110	)	$	(202	)	$	(1,454,204	)	$	—		$	13,493		$	—		$	2,204

Income (Loss) Before Tax & Preferred Dividends	$	(50,814	)	$	202		$	1,453,713		$	(1	)	$	(14,707	)	$	(1,725	)	$	(2,208	)
Income Tax Expense	$	—		$	—		$	21,267			—			—			—			—

Income (Loss) Before Preferred Dividends	$	(50,814	)	$	202		$	1,432,446		$	(1	)	$	(14,707	)	$	(1,725	)	$	(2,208	)
Preferred Stock Dividends	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net Income (Loss)	$	(50,814	)	$	202		$	1,432,446		$	(1	)	$	(14,707	)	$	(1,725	)	$	(2,208	)

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour Energy Luxembourg Sarl Statement of Operations (continued)


	May 1, 2015 - May 31, 2015			June 1, 2015 - June 30, 2015			July 1, 2015 - July 31, 2015			Cumulative
Oil Revenue	$	—		$	—		$	—		$	—
Gas Revenues		—			—			—			—
Liquids Revenues		—			—			—			—

Revenue	$	—		$	—		$	—		$	—
Operating Expenses		—			—			—		$	—
Total DD&A Expense		—			—			—			—
Impairment of Oil and Gas Properties		—			—						—
Goodwill Impairment Loss		—			—			—			—
General & Administrative Expense		3			—			386			54,746

Total Expenses	$	3		$	—		$	386		$	54,746

Operating Profit (Loss)	$	(3	)	$	—		$	(386	)	$	(54,746	)
Gain/Loss on Derivative Instruments	$	—		$	—			—		$	—
Total Interest Expense		—			—			—			(5,454,339	)
Interest Income		—			—			—			—
Transaction Costs		—			2,328			265			18,291
Total Letter of Credit Fees		—			—			—			—
Foreign Currency Exchange (Gain) Loss		(1,459	)		987			(999	)		(3,327	)
Litigation Settlements		—			—			—			—
Net Other (Income) Expense		—			—			—			4,001,679

Other Income (Expense)	$	(1,459	)	$	3,315		$	(735	)	$	(1,437,696	)

Income (Loss) Before Tax & Preferred Dividends	$	1,456		$	(3,315	)	$	349		$	1,382,950
Income Tax Expense		—			—			(7,187	)	$	14,080

Income (Loss) Before Preferred Dividends	$	1,456		$	(3,315	)	$	7,536		$	1,368,869
Preferred Stock Dividends	$	—		$	—		$	—		$	—
Net Income (Loss)	$	1,456		$	(3,315	)	$	7,536		$	1,368,869

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour New Ventures, Inc. Statement of Operations


	October 11, 2014 - October 31, 2014		November 1 2014 - November 30, 2014		December 1, 2014 - December 31, 2014		January 1, 2015 - January 31, 2015		February 1, 2015 - February 28, 2015			March 1, 2015 - March 31, 2015		April 1, 2015 - April 30, 2015
Oil Revenue	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Gas Revenues		—		—		—		—		—			—		—
Liquids Revenues		—		—		—		—		—			—		—

Revenue	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Operating Expenses	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Total DD&A Expense		—		—		—		—		—			—		—
Impairment of Oil and Gas Properties		—		—		—		—		—			—		—
Goodwill Impairment Loss		—		—		—		—		—			—		—
General & Administrative Expense		—		—		—		—		225			—		—

Total Expenses	$	—	$	—	$	—	$	—	$	225		$	—	$	—

Operating Profit (Loss)	$	—	$	—	$	—	$	—	$	(225	)	$	—	$	—
Gain/Loss on Derivative Instruments	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Total Interest Expense		—		—		—		—		—			—		—
Interest Income		—		—		—		—		—			—		—
Transaction Costs		—		—		—		—		—			—		—
Total Letter of Credit Fees		—		—		—		—		—			—		—
Foreign Currency Exchange (Gain) Loss		—		—		—		—		—			—		—
Litigation Settlements		—		—		—		—		—			—		—
Net Other (Income) Expense		—		—		—		—		—			—		—

Other Income (Expense)	$	—	$	—	$	—	$	—	$	—		$	—	$	—

Income (Loss) Before Tax & Preferred Dividends	$	—	$	—	$	—	$	—	$	(225	)	$	—	$	—
Income Tax Expense	$	—	$	—	$	—	$	—	$	—		$	—	$	—

Income (Loss) Before Preferred Dividends	$	—	$	—	$	—	$	—	$	(225	)	$	—	$	—
Preferred Stock Dividends	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Net Income (Loss)	$	—	$	—	$	—	$	—	$	(225	)	$	—	$	—

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour New Ventures, Inc. Statement of Operations (continued)


	May 1, 2015 - May 31, 2015		June 1, 2015 - June 30, 2015		July 1, 2015 - July 31, 2015		Cumulative
Oil Revenue	$	—	$	—	$	—	$	—
Gas Revenues		—		—		—		—
Liquids Revenues		—		—		—		—

Revenue	$	—	$	—	$	—	$	—
Operating Expenses	$	—	$	—		—	$	—
Total DD&A Expense		—		—		—		—
Impairment of Oil and Gas Properties		—		—				—
Goodwill Impairment Loss		—		—		—		—
General & Administrative Expense		—		—		—		225

Total Expenses	$	—	$	—	$	—	$	225

Operating Profit (Loss)	$	—	$	—	$	—	$	(225	)
Gain/Loss on Derivative Instruments	$	—	$	—		—	$	—
Total Interest Expense		—		—		—		—
Interest Income		—		—		—		—
Transaction Costs		—		—		—		—
Total Letter of Credit Fees		—		—		—		—
Foreign Currency Exchange (Gain) Loss		—		—		—		—
Litigation Settlements		—		—		—		—
Net Other (Income) Expense		—		—		—		—

Other Income (Expense)	$	—	$	—	$	—	$	—

Income (Loss) Before Tax & Preferred Dividends	$	—	$	—	$	—	$	(225	)
Income Tax Expense	$	—	$	—		—	$	—

Income (Loss) Before Preferred Dividends	$	—	$	—	$	—	$	(225	)
Preferred Stock Dividends	$	—	$	—	$	—	$	—
Net Income (Loss)	$	—	$	—	$	—	$	(225	)

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour Management Company Statement of Operations


	October 11, 2014 - October 31, 2014		November 1 2014 - November 30, 2014		December 1, 2014 - December 31, 2014		January 1, 2015 - January 31, 2015		February 1, 2015 - February 28, 2015			March 1, 2015 - March 31, 2015		April 1, 2015 - April 30, 2015
Oil Revenue	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Gas Revenues		—		—		—		—		—			—		—
Liquids Revenues		—		—		—		—		—			—		—

Revenue	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Operating Expenses	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Total DD&A Expense		—		—		—		—		—			—		—
Impairment of Oil and Gas Properties		—		—		—		—		—			—		—
Goodwill Impairment Loss		—		—		—		—		—			—		—
General & Administrative Expense		—		—		—		—		225			—		—

Total Expenses	$	—	$	—	$	—	$	—	$	225		$	—	$	—

Operating Profit (Loss)	$	—	$	—	$	—	$	—	$	(225	)	$	—	$	—
Gain/Loss on Derivative Instruments	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Total Interest Expense		—		—		—		—		—			—		—
Interest Income		—		—		—		—		—			—		—
Transaction Costs		—		—		—		—		—			—		—
Total Letter of Credit Fees		—		—		—		—		—			—		—
Foreign Currency Exchange (Gain) Loss		—		—		—		—		—			—		—
Litigation Settlements		—		—		—		—		—			—		—
Net Other (Income) Expense		—		—		—		—		—			—		—

Other Income (Expense)	$	—	$	—	$	—	$	—	$	—		$	—	$	—

Income (Loss) Before Tax & Preferred Dividends	$	—	$	—	$	—	$	—	$	(225	)	$	—	$	—
Income Tax Expense	$	—	$	—	$	—	$	—	$	—		$	—	$	—

Income (Loss) Before Preferred Dividends	$	—	$	—	$	—	$	—	$	(225	)	$	—	$	—
Preferred Stock Dividends	$	—	$	—	$	—	$	—	$	—		$	—	$	—
Net Income (Loss)	$	—	$	—	$	—	$	—	$	(225	)	$	—	$	—

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour Management Company Statement of Operations (continued)


	May 1, 2015 - May 31, 2015		June 1, 2015 - June 30, 2015			July 1, 2015 - July 31, 2015		Cumulative
Oil Revenue	$	—	$	—		$	—	$	—
Gas Revenues		—		—			—		—
Liquids Revenues		—		—			—		—

Revenue	$	—	$	—		$	—	$	—
Operating Expenses	$	—	$	—			—	$	—
Total DD&A Expense		—		—			—		—
Impairment of Oil and Gas Properties		—		—					—
Goodwill Impairment Loss		—		—			—		—
General & Administrative Expense		—		(392	)		—		(167	)

Total Expenses	$	—	$	(392	)	$	—	$	(167	)

Operating Profit (Loss)	$	—	$	392		$	—	$	167
Gain/Loss on Derivative Instruments	$	—	$	—			—	$	—
Total Interest Expense		—		—			—		—
Interest Income		—		—			—		—
Transaction Costs		—		—			—		—
Total Letter of Credit Fees		—		—			—		—
Foreign Currency Exchange (Gain) Loss		—		—			—		—
Litigation Settlements		—		—			—		—
Net Other (Income) Expense		—		—			—		—

Other Income (Expense)	$	—	$	—		$	—	$	—

Income (Loss) Before Tax & Preferred Dividends	$	—	$	392		$	—	$	167
Income Tax Expense	$	—	$	—			—	$	—

Income (Loss) Before Preferred Dividends	$	—	$	392		$	—	$	167
Preferred Stock Dividends	$	—	$	—		$	—	$	—
Net Income (Loss)	$	—	$	392		$	—	$	167

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour Colorado Corporation Statement of Operations


	October 11, 2014 - October 31, 2014			November 1 2014 - November 30, 2014			December 1, 2014 - December 31, 2014			January 1, 2015 - January 31, 2015			February 1, 2015 - February 28, 2015			March 1, 2015 - March 31, 2015			April 1, 2015 - April 30, 2015
Oil Revenue	$	—		$	—		$	496,214		$	919		$	3,897		$	32,638		$	422,207
Gas Revenues		—			—			—			—			—			—			46,136
Liquids Revenues		—			—			—			—			—			—			—

Revenue	$	—		$	—		$	496,214		$	919		$	3,897		$	32,638		$	468,342
Operating Expenses	$	17		$	—		$	21,189		$	5,741		$	12,651		$	71,837		$	360,648
Total DD&A Expense		232			345			42,492			2,528			928			10,062			18
Impairment of Oil & Gas Properties		—			—			—			—			—			—			—
Goodwill Impairment Loss		—			—			—			—			—			—			—
General & Administrative Expense		—			—			—			29,325			225			—			—

Total Expenses	$	249		$	345		$	63,680		$	37,594		$	13,803		$	81,899		$	360,666

Operating Profit (Loss)	$	(249	)	$	(345	)	$	432,534		$	(36,675	)	$	(9,906	)	$	(49,261	)	$	107,677
Gain/Loss on Derivative Instruments	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Interest Expense		—			(20,906	)		(10,453	)		(11,048	)		—			—			—
Interest Income		—			—			—			—			—			—			—
Transaction Costs		—			—			—			—			—			—			—
Total Letter of Credit Fees		—			—			—			—			—			—			—
Foreign Currency Exchange (Gain) Loss		—			—			—			—			—			—			—
Litigation Settlements		—			—			—			—			—			—			—
Net Other (Income) Expense		—			—			—			—			—			—			—

Other Income (Expense)	$	—		$	(20,906	)	$	(10,453	)	$	(11,048	)	$	—		$	—		$	—

Income (Loss) Before Tax & Preferred Dividends	$	(249	)	$	20,561		$	442,987		$	(25,627	)	$	(9,906	)	$	(49,261	)	$	107,677
Income Tax Expense	$	—		$	—		$	—		$	—		$	—		$	—		$	—

Income (Loss) Before Preferred Dividends	$	(249	)	$	20,561		$	442,987		$	(25,627	)	$	(9,906	)	$	(49,261	)	$	107,677
Preferred Stock Dividends	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net Income (Loss)	$	(249	)	$	20,561		$	442,987		$	(25,627	)	$	(9,906	)	$	(49,261	)	$	107,677

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour Colorado Corporation Statement of Operations (continued)


	May 1, 2015 - May 31, 2015		June 1, 2015 - June 30, 2015			July 1, 2015 - July 31, 2015			Cumulative
Oil Revenue	$	260,963	$	466,666		$	46,485		$	1,729,990
Gas Revenues		42,494		57,320			17,152			163,101.68
Liquids Revenues		—		—			—			—

Revenue	$	303,457	$	523,986		$	63,637		$	1,893,091.97
Operating Expenses	$	77,547	$	438,650		$	90,017		$	1,078,296
Total DD&A Expense		18		283,939			10,234			350,795.25
Impairment of Oil & Gas Properties		—		8,964,000			—			8,964,000.00
Goodwill Impairment Loss		—		—			—			—
General & Administrative Expense		—		—			—			29,550

Total Expenses	$	77,565	$	9,686,589		$	100,251		$	10,422,642

Operating Profit (Loss)	$	225,893	$	(9,162,603	)	$	(36,614	)	$	(8,529,550	)
Gain/Loss on Derivative Instruments	$	—	$	—			—		$	—
Total Interest Expense		—		—			—			(42,407	)
Interest Income		—		—			—			—
Transaction Costs		—		—			—			—
Total Letter of Credit Fees		—		—			—			—
Foreign Currency Exchange (Gain) Loss		—		—			—			—
Litigation Settlements		—		—			—			—
Net Other (Income) Expense		—		—			—			—

Other Income (Expense)	$	—	$	—		$	—		$	(42,407	)

Income (Loss) Before Tax & Preferred Dividends	$	225,893	$	(9,162,603	)	$	(36,614	)	$	(8,487,143	)
Income Tax Expense	$	—	$	—		$	—		$	—

Income (Loss) Before Preferred Dividends	$	225,893	$	(9,162,603	)	$	(36,614	)	$	(8,487,143	)
Preferred Stock Dividends	$	—	$	—		$	—		$	—
Net Income (Loss)	$	225,893	$	(9,162,603	)	$	(36,614	)	$	(8,487,143	)

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour Operating Corporation Statement of Operations


	October 11, 2014 - October 31, 2014			November 1 2014 - November 30, 2014			December 1, 2014 - December 31, 2014			January 1, 2015 - January 31, 2015			February 1, 2015 - February 28, 2015			March 1, 2015 - March 31, 2015			April 1, 2015 - April 30, 2015
Oil Revenue	$	(308	)	$	481,252		$	(489,963	)	$	(216	)	$	2,024		$	701		$	(127	)
Gas Revenues		267,948			438,012			349,368			256,188			374,934			410,838			214,353
Liquids Revenues		—			—			—			802			—			—			—

Revenue	$	267,640		$	919,264		$	(140,595	)	$	256,774		$	376,958		$	411,539		$	214,226
Operating Expenses	$	281,826		$	471,302		$	432,921		$	623,127		$	294,828		$	281,137		$	370,448
Total DD&A Expense		76,954			148,293			63,284			97,125			145,069			581,347			4,099
Impairment of Oil & Gas Properties		—			—			68,573,000			—			—			—			—
Goodwill Impairment Loss		—			—			—			—			—			—			—
General & Administrative Expense		12,943			45,837			1,680,677			(8,390	)		75,025			(40,320	)		21,036

Total Expenses	$	371,723		$	665,433		$	70,749,882		$	711,862		$	514,922		$	822,163		$	395,582

Operating Profit (Loss)	$	(104,083	)	$	253,831		$	(70,890,477	)	$	(455,088	)	$	(137,965	)	$	(410,625	)	$	(181,356	)
Gain/Loss on Derivative Instruments	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Interest Expense		3,753,039			5,182,950			5,361,244			5,354,472			5,540,000			5,540,000			5,540,000
Interest Income		(3,387,097	)		(5,000,000	)		(5,000,000	)		(5,000,000	)		(5,000,000	)		(5,000,000	)		(5,000,000	)
Transaction Costs		2,326,801			13,968			(694,630	)		37,676			252			6,716			—
Total Letter of Credit Fees		—			—			—			—			—			—			—
Foreign Currency Exchange (Gain) Loss		152			360			70			(0	)		—			—			—
Litigation Settlements		—			—			—			—			—			—			—
Net Other (Income) Expense		(127,363	)		—			9,075,275			884,239			1,962,366			5,238,862			300,634

Other Income (Expense)	$	2,565,532		$	197,278		$	8,741,959		$	1,276,387		$	2,502,618		$	5,785,578		$	840,634

Income (Loss) Before Tax & Preferred Dividends	$	(2,669,615	)	$	56,553		$	(79,632,436	)	$	(1,731,475	)	$	(2,640,583	)	$	(6,196,202	)	$	(1,021,991	)
Income Tax Expense	$	—		$	50		$	(50	)	$	—		$	—		$	—		$	—

Income (Loss) Before Preferred Dividends	$	(2,669,615	)	$	56,503		$	(79,632,386	)	$	(1,731,475	)	$	(2,640,583	)	$	(6,196,202	)	$	(1,021,991	)
Preferred Stock Dividends	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net Income (Loss)	$	(2,669,615	)	$	56,503		$	(79,632,386	)	$	(1,731,475	)	$	(2,640,583	)	$	(6,196,202	)	$	(1,021,991	)

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour Operating Corporation Statement of Operations (continued)


	May 1, 2015 - May 31, 2015			June 1, 2015 - June 30, 2015			July 1, 2015 - July 31, 2015			Cumulative
Oil Revenue	$	(418	)	$	6,759		$	4,865		$	4,569
Gas Revenues		453,435			343,295			183,599			3,291,969.69
Liquids Revenues		—			—			—			802.48

Revenue	$	453,017		$	350,054		$	188,465		$	3,297,341.30
Operating Expenses	$	225,885		$	315,850		$	258,582		$	3,555,903
Total DD&A Expense		4,149			783,663			135,304			2,039,287.45
Impairment of Oil & Gas Properties		—			8,964,000			—			77,537,000.00
Goodwill Impairment Loss		—			—			—			—
General & Administrative Expense		14,273			2,076			2,413			1,805,572

Total Expenses	$	244,306		$	10,065,590		$	396,299		$	84,937,763

Operating Profit (Loss)	$	208,711		$	(9,715,536	)	$	(207,835	)	$	(81,640,421	)
Gain/Loss on Derivative Instruments	$	—		$	—		$	—		$	—
Total Interest Expense		5,540,001			5,540,000			5,540,000			52,891,707
Interest Income		(5,000,000	)		(4,999,929	)		(5,000,000	)		(48,387,026	)
Transaction Costs		53,773			(75,000	)		—			1,669,556
Total Letter of Credit Fees		—			—			—			—
Foreign Currency Exchange (Gain) Loss		62			—			—			644
Litigation Settlements		—			—			—			—
Net Other (Income) Expense		335,903			3,415,265			(421,343	)		20,663,839

Other Income (Expense)	$	929,739		$	3,880,337		$	118,657		$	26,838,720

Income (Loss) Before Tax & Preferred Dividends	$	(721,028	)	$	(13,595,872	)	$	(326,492	)	$	(108,479,141	)
Income Tax Expense	$	—		$	—		$	—		$	—

Income (Loss) Before Preferred Dividends	$	(721,028	)	$	(13,595,872	)	$	(326,492	)	$	(108,479,141	)
Preferred Stock Dividends	$	—		$	—		$	—		$	—
Net Income (Loss)	$	(721,028	)	$	(13,595,872	)	$	(326,492	)	$	(108,479,141	)

Note:

The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

Endeavour International Corporation Balance Sheet


	Petition Date
	October 11, 2014			October 31, 2014			November 30, 2014			December 31, 2014			January 31, 2015			February 28, 2015			March 31, 2015			April 30, 2015
Cash & Cash Equivalents	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Restricted Cash - Current		—			—			—			—			—			—			—			—
Accounts Receivables		—			—			—			—			—			—			—			—
Intercompany Receivables		463,221,370			469,404,392			475,419,391			477,350,624			483,038,721			488,997,400			494,130,065			500,025,854
Total Other Current Assets		16,871,752			16,719,198			16,717,707			—			—			—			—			—

Current Assets	$	480,093,122		$	486,123,590		$	492,137,098		$	477,350,624		$	483,038,721		$	488,997,400		$	494,130,065		$	500,025,854
Property, Plant & Equipment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Investments		57,661,973			57,661,973			57,661,973			57,661,973			57,661,973			57,661,973			57,661,973			57,661,973
Goodwill		—			—			—			—			—			—			—			—
Restricted Cash		—			—			—			—			—			—			—			—
Other Assets		—			—			—			—			—			—			—			—
Long-Term Intercompany		554,000,000			554,000,000			554,000,000			554,000,000			554,000,000			554,000,000			554,000,000			554,000,000

Long Term Assets	$	611,661,973		$	611,661,973		$	611,661,973		$	611,661,973		$	611,661,973		$	611,661,973		$	611,661,973		$	611,661,973
Total Assets	$	1,091,755,095		$	1,097,785,563		$	1,103,799,071		$	1,089,012,597		$	1,094,700,694		$	1,100,659,372		$	1,105,792,038		$	1,111,687,826

Total Accounts Payable	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Accrued Expenses		42,710,167			44,782,107			44,950,450			43,188,655			43,176,804			43,369,928			43,424,804			43,626,804
Current Maturities Of Debt		693,488,257			693,598,349			693,598,349			706,500,000			—			—			—			—
Current Portion - Production Payment		—			—			—			—			—			—			—			—
Debtor in Possession		—			—			—			1,915,460			—			—			—			—
Liabilities Subject to Compromise		—			—			—			—			708,415,460			708,415,460			708,415,460			708,415,460
Taxes Payable		—			—			—			—			—			—			—			—
Intercompany Payable		709,209			669,430			648,349			648,349			648,349			648,349			648,349			648,349
Total Other Current Liabilities		—			—			—			—			—			—			—			—

Current Liabilities	$	736,907,633		$	739,049,885		$	739,197,148		$	752,252,465		$	752,240,614		$	752,433,738		$	752,488,614		$	752,690,614
Long-Term Debt	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Deferred Tax Liability		—			—			—			—			—			—			—			—
ARO Liability		—			—			—			—			—			—			—			—
Long Term - Production Payment		—			—			—			—			—			—			—			—
Long Term Intercompany		—			—			—			—			—			—			—			—
Other Long Term Liabilities		—			—			—			—			—			—			—			—

Total Liabilities	$	736,907,633		$	739,049,885		$	739,197,148		$	752,252,465		$	752,240,614		$	752,433,738		$	752,488,614		$	752,690,614
Redeemable Preferred Stock	$	17,481,175		$	17,481,175		$	17,481,175		$	17,481,175		$	17,481,175		$	17,481,175		$	17,481,175		$	17,481,175
Preferred Stock	$	20		$	20		$	20		$	20		$	20		$	20		$	20		$	20
Common Stock		53,016			53,013			53,013			52,895			52,895			52,895			52,895			52,895
APIC		560,004,803			560,004,806			560,883,928			557,110,678			557,268,612			557,515,934			557,071,783			557,224,192
Treasury Stock		(586,841	)		(586,841	)		(586,841	)		(586,841	)		(586,841	)		(586,841	)		(586,841	)		(586,841	)
Accumulated Earnings (Deficit)		(222,104,712	)		(218,216,496	)		(213,229,373	)		(237,297,795	)		(231,755,782	)		(226,237,548	)		(220,715,608	)		(215,174,228	)

Stockholders’ Equity	$	337,366,286		$	341,254,503		$	347,120,748		$	319,278,957		$	324,978,905		$	330,744,460		$	335,822,249		$	341,516,038
Total Liabilities & Stockholders’ Equity	$	1,091,755,093		$	1,097,785,563		$	1,103,799,071		$	1,089,012,597		$	1,094,700,694		$	1,100,659,372		$	1,105,792,038		$	1,111,687,826

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour International Corporation Balance Sheet (continued)


	May 31, 2015			June 30, 2015			July 31, 2015
Cash & Cash Equivalents	$	—		$	—		$	—
Restricted Cash - Current		—			—			—
Accounts Receivables		—			—			—
Intercompany Receivables		505,924,786			510,591,095			516,901,475
Total Other Current Assets		—			—			—

Current Assets	$	505,924,786		$	510,591,095		$	516,901,475
Property, Plant & Equipment	$	—		$	—		$	—
Investments		57,661,973			57,661,973			57,661,973
Goodwill		—			—			—
Restricted Cash		—			—			—
Other Assets		—			—			—
Long-Term Intercompany		554,000,000			554,000,000			554,000,000

Long Term Assets	$	611,661,973		$	611,661,973		$	611,661,973
Total Assets	$	1,117,586,759		$	1,122,253,068		$	1,128,563,448

Total Accounts Payable	$	—		$	—		$	—
Total Accrued Expenses		43,828,804			42,806,629			43,431,171
Current Maturities Of Debt		—			—			—
Current Portion - Production Payment		—			—			—
Debtor in Possession		—			—			—
Liabilities Subject to Compromise		708,415,460			708,415,460			708,415,460
Taxes Payable		—			—			—
Intercompany Payable		648,349			648,349			648,349
Total Other Current Liabilities		—			—			—

Current Liabilities	$	752,892,614		$	751,870,439		$	752,494,981
Long-Term Debt	$	—		$	—		$	—
Deferred Tax Liability		—			—			—
ARO Liability		—			—			—
Long Term - Production Payment		—			—			—
Long Term Intercompany		—			—			—
Other Long Term Liabilities		—			—			—

Total Liabilities	$	752,892,614		$	751,870,439		$	752,494,981
Redeemable Preferred Stock	$	17,481,175		$	17,481,175		$	17,481,175
Preferred Stock	$	20		$	20		$	20
Common Stock		52,842			52,837			52,837
APIC		557,386,660			557,536,106			557,682,522
Treasury Stock		(586,841	)		(586,841	)		(586,841	)
Accumulated Earnings (Deficit)		(209,639,711	)		(204,100,668	)		(198,561,246	)

Stockholders’ Equity	$	347,212,970		$	352,901,454		$	358,587,292
Total Liabilities & Stockholders’ Equity	$	1,117,586,759		$	1,122,253,068		$	1,128,563,448

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour Energy Luxembourg Sarl Balance Sheet


	Petition Date
	October 11, 2014			October 31, 2014			November 30, 2014			December 31, 2014			January 31, 2015			February 28, 2015			March 31, 2015			April 30, 2015
Cash & Cash Equivalents	$	46,203		$	45,899		$	30,273		$	11,303		$	11,302		$	11,302		$	9,490		$	10,202
Restricted Cash - Current		—			—			—			—			—			—			—			—
Accounts Receivables		—			—			—			—			—			—			—			—
Intercompany Receivables		—			—			—			—			—			—			—			—
Total Other Current Assets		233,073			228,730			228,730			—			—			—			—			—

Current Assets	$	279,276		$	274,629		$	259,003		$	11,303		$	11,302		$	11,302		$	9,490		$	10,202
Property, Plant & Equipment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Investments		—			—			—			—			—			—			—			—
Goodwill		—			—			—			—			—			—			—			—
Restricted Cash		—			—			—			—			—			—			—			—
Other Assets		2,657,667			2,708,461			2,708,461			—			—			—			—			—
Long-Term Intercompany		78,245,339			78,245,339			78,245,339			83,801,266			83,801,266			83,801,266			83,801,266			83,801,266

Long Term Assets	$	80,903,006		$	80,953,800		$	80,953,800		$	83,801,266		$	83,801,266		$	83,801,266		$	83,801,266		$	83,801,266
Total Assets	$	81,182,282		$	81,228,430		$	81,212,803		$	83,812,569		$	83,812,568		$	83,812,568		$	83,810,756		$	83,811,468

Total Accounts Payable	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Accrued Expenses		—			174,471			174,471			174,471			174,471			174,471			174,471			174,471
Current Maturities Of Debt		82,662,396			82,682,642			82,682,642			83,746,069			—			—			—			—
Current Portion - Production Payment		—			—			—			—			—			—			—			—
Debtor in Possession		—			—			—			—			—			—			—			—
Liabilities Subject to Compromise		—			—			—			—			83,746,069			83,746,069			83,746,069			83,746,069
Taxes Payable		55,473			55,007			54,687			74,399			74,399			74,399			69,436			65,992
Intercompany Payable		3,094,582			3,169,755			3,169,755			3,253,935			3,253,935			3,268,642			3,268,642			3,271,683
Total Other Current Liabilities		—			—			—			—			—			—			—			—

Current Liabilities	$	85,812,451		$	86,081,875		$	86,081,554		$	87,248,874		$	87,248,874		$	87,263,581		$	87,258,618		$	87,258,215
Long-Term Debt	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Deferred Tax Liability		—			—			—			—			—			—			—			—
ARO Liability		—			—			—			—			—			—			—			—
Long Term - Production Payment		—			—			—			—			—			—			—			—
Long Term Intercompany		—			—			—			—			—			—			—			—
Other Long Term Liabilities		—			—			—			—			—			—			—			—

Total Liabilities	$	85,812,451		$	86,081,875		$	86,081,554		$	87,248,874		$	87,248,874		$	87,263,581		$	87,258,618		$	87,258,215
Redeemable Preferred Stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Preferred Stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Common Stock		—			—			—			—			—			—			—			—
APIC		37,485			37,485			37,485			37,485			37,485			37,485			37,485			37,485
Treasury Stock		—			—			—			—			—			—			—			—
Accumulated Earnings (Deficit)		(4,667,654	)		(4,890,930	)		(4,906,236	)		(3,473,790	)		(3,473,791	)		(3,488,498	)		(3,485,347	)		(3,484,233	)

Stockholders’ Equity	$	(4,630,169	)	$	(4,853,445	)	$	(4,868,751	)	$	(3,436,305	)	$	(3,436,306	)	$	(3,451,013	)	$	(3,447,862	)	$	(3,446,748	)
Total Liabilities & Stockholders’ Equity	$	81,182,282		$	81,228,430		$	81,212,803		$	83,812,569		$	83,812,568		$	83,812,568		$	83,810,756		$	83,811,468

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour Energy Luxembourg Sarl Balance Sheet (continued)


	May 31, 2015			June 30, 2015			July 31, 2015
Cash & Cash Equivalents	$	10,204		$	10,207		$	9,818
Restricted Cash - Current		—			—			—
Accounts Receivables		—			—			—
Intercompany Receivables		—			—			—
Total Other Current Assets		—			—			—

Current Assets	$	10,204		$	10,207		$	9,818
Property, Plant & Equipment	$	—		$	—		$	—
Investments		—			—			—
Goodwill		—			—			—
Restricted Cash		—			—			—
Other Assets		—			—			—
Long-Term Intercompany		83,801,266			83,801,266			83,801,266

Long Term Assets	$	83,801,266		$	83,801,266		$	83,801,266
Total Assets	$	83,811,470		$	83,811,473		$	83,811,084

Total Accounts Payable	$	—		$	—		$	—
Total Accrued Expenses		174,471			174,471			174,471
Current Maturities Of Debt		—			—			—
Current Portion - Production Payment		—			—			—
Debtor in Possession		—			—			—
Liabilities Subject to Compromise		83,746,069			83,746,069			83,746,069
Taxes Payable		67,560			68,551			60,361
Intercompany Payable		3,271,683			3,274,011			3,274,276
Total Other Current Liabilities		—			—			—

Current Liabilities	$	87,259,783		$	87,263,102		$	87,255,177
Long-Term Debt	$	—		$	—		$	—
Deferred Tax Liability		—			—			—
ARO Liability		—			—			—
Long Term - Production Payment		—			—			—
Long Term Intercompany		—			—			—
Other Long Term Liabilities		—			—			—

Total Liabilities	$	87,259,783		$	87,263,102		$	87,255,177
Redeemable Preferred Stock	$	—		$	—		$	—
Preferred Stock	$	—		$	—		$	—
Common Stock		—			—			—
APIC		37,485			37,485			37,485
Treasury Stock		—			—			—
Accumulated Earnings (Deficit)		(3,485,799	)		(3,489,114	)		(3,481,579	)

Stockholders’ Equity	$	(3,448,314	)	$	(3,451,629	)	$	(3,444,094	)
Total Liabilities & Stockholders’ Equity	$	83,811,470		$	83,811,473		$	83,811,084

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour New Ventures, Inc. Balance Sheet


	Petition Date
	October 11, 2014			October 31, 2014			November 30, 2014			December 31, 2014			January 31, 2015			January 31, 2015			March 31, 2015			April 30, 2015
Cash & Cash Equivalents	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Restricted Cash - Current		—			—			—			—			—			—			—			—
Accounts Receivables		—			—			—			—			—			—			—			—
Intercompany Receivables		280,153			280,153			280,153			280,153			280,153			279,928			279,928			279,928
Total Other Current Assets		—			—			—			—			—			—			—			—

Current Assets	$	280,153		$	280,153		$	280,153		$	280,153		$	280,153		$	279,928		$	279,928		$	279,928
Property, Plant & Equipment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Investments		—			—			—			—			—			—			—			—
Goodwill		—			—			—			—			—			—			—			—
Restricted Cash		—			—			—			—			—			—			—			—
Other Assets		—			—			—			—			—			—			—			—
Long-Term Intercompany		—			—			—			—			—			—			—			—

Long Term Assets	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Assets	$	280,153		$	280,153		$	280,153		$	280,153		$	280,153		$	279,928		$	279,928		$	279,928

Total Accounts Payable	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Accrued Expenses		—			—			—			—			—			—			—			—
Current Maturities Of Debt		—			—			—			—			—			—			—			—
Current Portion - Production Payment		—			—			—			—			—			—			—			—
Debtor in Possession		—			—			—			—			0
Liabilities Subject to Compromise		—			—			—			—			—			—			—			—
Taxes Payable		—			—			—			—			—			—			—			—
Intercompany Payable		—			—			—			—			—			—			—			—
Total Other Current Liabilities		—			—			—			—			—			—			—			—

Current Liabilities	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Long-Term Debt	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Deferred Tax Liability		—			—			—			—			—			—			—			—
ARO Liability		—			—			—			—			—			—			—			—
Long Term - Production Payment		—			—			—			—			—			—			—			—
Long Term Intercompany		—			—			—			—			—			—			—			—
Other Long Term Liabilities		—			—			—			—			—			—			—			—

Total Liabilities	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Redeemable Preferred Stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Preferred Stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Common Stock		1			1			1			1			1			1			1			1
APIC		3,478,898			3,478,898			3,478,898			3,478,898			3,478,898			3,478,898			3,478,898			3,478,898
Treasury Stock		—			—			—			—			—			—			—			—
Accumulated Earnings (Deficit)		(3,198,746	)		(3,198,746	)		(3,198,746	)		(3,198,746	)		(3,198,746	)		(3,198,971	)		(3,198,971	)		(3,198,971	)

Stockholders’ Equity	$	280,153		$	280,153		$	280,153		$	280,153		$	280,153		$	279,928		$	279,928		$	279,928
Total Liabilities & Stockholders’ Equity	$	280,153		$	280,153		$	280,153		$	280,153		$	280,153		$	279,928		$	279,928		$	279,928

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour New Ventures, Inc. Balance Sheet (continued)


	May 31, 2015			June 30, 2015			July 31, 2015
Cash & Cash Equivalents	$	—		$	—		$	—
Restricted Cash - Current		—			—			—
Accounts Receivables		—			—			—
Intercompany Receivables		279,928			279,928			279,928
Total Other Current Assets		—			—			—

Current Assets	$	279,928		$	279,928		$	279,928
Property, Plant & Equipment	$	—		$	—		$	—
Investments		—			—			—
Goodwill		—			—			—
Restricted Cash		—			—			—
Other Assets		—			—			—
Long-Term Intercompany		—			—			—

Long Term Assets	$	—		$	—		$	—
Total Assets	$	279,928		$	279,928		$	279,928

Total Accounts Payable	$	—		$	—		$	—
Total Accrued Expenses		—			—			—
Current Maturities Of Debt		—			—			—
Current Portion - Production Payment		—			—			—
Debtor in Possession
Liabilities Subject to Compromise		—			—			—
Taxes Payable		—			—			—
Intercompany Payable		—			—			—
Total Other Current Liabilities		—			—			—

Current Liabilities	$	—		$	—		$	—
Long-Term Debt	$	—		$	—		$	—
Deferred Tax Liability		—			—			—
ARO Liability		—			—			—
Long Term - Production Payment		—			—			—
Long Term Intercompany		—			—			—
Other Long Term Liabilities		—			—			—

Total Liabilities	$	—		$	—		$	—
Redeemable Preferred Stock	$	—		$	—		$	—
Preferred Stock	$	—		$	—		$	—
Common Stock		1			1			1
APIC		3,478,898			3,478,898			3,478,898
Treasury Stock		—			—			—
Accumulated Earnings (Deficit)		(3,198,971	)		(3,198,971	)		(3,198,971	)

Stockholders’ Equity	$	279,928		$	279,928		$	279,928
Total Liabilities & Stockholders’ Equity	$	279,928		$	279,928		$	279,928

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour Management Company Balance Sheet


	Petition Date
	October 11, 2014			October 31, 2014			November 30, 2014			December 31, 2014			January 31, 2015			February 28, 2015			March 31, 2015			April 30, 2015
Cash & Cash Equivalents	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Restricted Cash - Current		—			—			—			—			—			—			—			—
Accounts Receivables		—			—			—			—			—			—			—			—
Intercompany Receivables		648,349			648,349			648,349			648,349			648,349			648,349			522,231			648,349
Total Other Current Assets		—			—			—			—			—			—			—			—

Current Assets	$	648,349		$	648,349		$	648,349		$	648,349		$	648,349		$	648,349		$	522,231		$	648,349
Property, Plant & Equipment	$	2,862,882		$	2,862,882		$	2,862,882		$	2,862,882		$	2,862,882		$	2,862,882		$	—		$	—
Investments		—			—			—			—			—			—			—			—
Goodwill		—			—			—			—			—			—			—			—
Restricted Cash		—			—			—			—			—			—			—			—
Other Assets		—			—			—			—			—			—			—			—
Long-Term Intercompany		—			—			—			—			—			—			—			—

Long Term Assets	$	2,862,882		$	2,862,882		$	2,862,882		$	2,862,882		$	2,862,882		$	2,862,882		$	—		$	—
Total Assets	$	3,511,231		$	3,511,231		$	3,511,231		$	3,511,231		$	3,511,231		$	3,511,231		$	522,231		$	648,349

Total Accounts Payable	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Accrued Expenses		—			—			—			—			—			—			—			—
Current Maturities Of Debt		—			—			—			—			—			—			—			—
Current Portion - Production Payment		—			—			—			—			—			—			—			—
Debtor in Possession		—			—			—			—			—			—			—			—
Liabilities Subject to Compromise		—			—			—						—			—			—			—
Taxes Payable		—			—			—			—			—			—			—			—
Intercompany Payable		14,354,530			14,354,530			14,354,530			14,354,530			14,354,530			14,354,755			14,354,755			14,480,873
Total Other Current Liabilities		—			—			—			—			—			—			—			—

Current Liabilities	$	14,354,530		$	14,354,530		$	14,354,530		$	14,354,530		$	14,354,530		$	14,354,755		$	14,354,755		$	14,480,873
Long-Term Debt	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Deferred Tax Liability		—			—			—			—			—			—			—			—
ARO Liability		—			—			—			—			—			—			—			—
Long Term - Production Payment		—			—			—			—			—			—			—			—
Long Term Intercompany		—			—			—			—			—			—			—			—
Other Long Term Liabilities		—			—			—			—			—			—			—			—

Total Liabilities	$	14,354,530		$	14,354,530		$	14,354,530		$	14,354,530		$	14,354,530		$	14,354,755		$	14,354,755		$	14,480,873
Redeemable Preferred Stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Preferred Stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Common Stock		10			10			10			10			10			10			10			10
APIC		15,597,652			15,597,652			15,597,652			15,597,652			15,597,652			15,597,652			15,597,652			15,597,652
Treasury Stock		—			—			—			—			—			—			—			—
Accumulated Earnings (Deficit)		(26,440,961	)		(26,440,961	)		(26,440,961	)		(26,440,961	)		(26,440,961	)		(26,441,186	)		(29,430,186	)		(29,430,186	)

Stockholders’ Equity	$	(10,843,299	)	$	(10,843,299	)	$	(10,843,299	)	$	(10,843,299	)	$	(10,843,299	)	$	(10,843,524	)	$	(13,832,524	)	$	(13,832,524	)
Total Liabilities & Stockholders’ Equity	$	3,511,231		$	3,511,231		$	3,511,231		$	3,511,231		$	3,511,231		$	3,511,231		$	522,231		$	648,349

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour Management Company Balance Sheet (continued)


	May 31, 2015			June 30, 2015			July 31, 2015
Cash & Cash Equivalents	$	—		$	—		$	—
Restricted Cash - Current		—			—			—
Accounts Receivables		—			—			(0	)
Intercompany Receivables		648,349			648,349			648,349
Total Other Current Assets		—			—			—

Current Assets	$	648,349		$	648,349		$	648,349
Property, Plant & Equipment	$	—		$	—		$	—
Investments		—			—			—
Goodwill		—			—			—
Restricted Cash		—			—			—
Other Assets		—			—			—
Long-Term Intercompany		—			—			—

Long Term Assets	$	—		$	—		$	—
Total Assets	$	648,349		$	648,349		$	648,349

Total Accounts Payable	$	—		$	—		$	—
Total Accrued Expenses		—			—			—
Current Maturities Of Debt		—			—			—
Current Portion - Production Payment		—			—			—
Debtor in Possession		—			—			—
Liabilities Subject to Compromise		—			—			—
Taxes Payable		—			—			—
Intercompany Payable		14,480,873			14,480,481			14,480,481
Total Other Current Liabilities		—			—			—

Current Liabilities	$	14,480,873		$	14,480,481		$	14,480,481
Long-Term Debt	$	—		$	—		$	—
Deferred Tax Liability		—			—			—
ARO Liability		—			—			—
Long Term - Production Payment		—			—			—
Long Term Intercompany		—			—			—
Other Long Term Liabilities		—			—			—

Total Liabilities	$	14,480,873		$	14,480,481		$	14,480,481
Redeemable Preferred Stock	$	—		$	—		$	—
Preferred Stock	$	—		$	—		$	—
Common Stock		10			10			10
APIC		15,597,652			15,597,652			15,597,652
Treasury Stock		—			—			—
Accumulated Earnings (Deficit)		(29,430,186	)		(29,429,794	)		(29,429,794	)

Stockholders’ Equity	$	(13,832,524	)	$	(13,832,132	)	$	(13,832,132	)
Total Liabilities & Stockholders’ Equity	$	648,349		$	648,349		$	648,349

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour Colorado Company Balance Sheet


	Petition Date
	October 11, 2014		October 31, 2014		November 30, 2014		December 31, 2014		January 31, 2015		February 28, 2015		March 31, 2015		April 30, 2015
Cash & Cash Equivalents	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Restricted Cash - Current		—		—		—		—		—		—		—		—
Accounts Receivables		860,242		982,702		815,021		526,899		—		—		—		—
Intercompany Receivables		—		—		—		—		—		—		—		—
Total Other Current Assets		—		—		—		626,712		—		—		—		—

Current Assets	$	860,242	$	982,702	$	815,021	$	1,153,611	$	—	$	—	$	—	$	—
Property, Plant & Equipment	$	10,523,683	$	11,307,054	$	11,447,515	$	16,017,972	$	16,265,645	$	16,404,021	$	18,086,588	$	18,018,449
Investments		—		—		—		—		—		—		—		—
Goodwill		—		—		—		—		—		—		—		—
Restricted Cash		—		—		—		—		—		—		—		—
Other Assets		—		—		—		—		—		—		—		—
Long-Term Intercompany		—		—		—		—		—		—		—		—

Long Term Assets	$	10,523,683	$	11,307,054	$	11,447,515	$	16,017,972	$	16,265,645	$	16,404,021	$	18,086,588	$	18,018,449
Total Assets	$	11,383,925	$	12,289,756	$	12,262,535	$	17,171,583	$	16,265,645	$	16,404,021	$	18,086,588	$	18,018,449

Total Accounts Payable	$	1,011,349	$	1,011,349	$	934,482	$	1,186,181	$	364,456	$	366,657	$	574,629	$	678,648
Total Accrued Expenses		—		839,206		—		—		—		—		—		—
Current Maturities Of Debt		—		—		—		—		—		—		—		—
Current Portion - Production Payment		—		—		—		—		—		—		—		—
Debtor in Possession		—		—		—		—		—		—		—		—
Liabilities Subject to Compromise		—		—		—				—		—		—		—
Taxes Payable		—		—		—		—		—		—		—		—
Intercompany Payable		10,281,092		10,347,742		11,215,688		15,464,045		15,405,109		15,550,834		17,075,344		16,806,539
Total Other Current Liabilities		—		—		—		—		—		—		—		—

Current Liabilities	$	11,292,441	$	12,198,298	$	12,150,170	$	16,650,226	$	15,769,565	$	15,917,492	$	17,649,973	$	17,485,187
Long-Term Debt	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Deferred Tax Liability		—		—		—		—		—		—		—		—
ARO Liability		34,898		35,241		35,587		1,591		1,940		2,297		1,644		1,661
Long Term - Production Payment		—		—		—		—		—		—		—		—
Long Term Intercompany		—		—		—		—		—		—		—		—
Other Long Term Liabilities		—		—		—		—		—		—		—		—

Total Liabilities	$	11,327,340	$	12,233,538	$	12,185,757	$	16,651,817	$	15,771,506	$	15,919,788	$	17,651,616	$	17,486,848
Redeemable Preferred Stock	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Preferred Stock	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Common Stock		—		—		—		—		—		—		—		—
APIC		—		—		—		—		—		—		—		—
Treasury Stock		—		—		—		—		—		—		—		—
Accumulated Earnings (Deficit)		56,585		56,218		76,779		519,766		494,139		484,233		434,972		531,601

Stockholders’ Equity	$	56,585	$	56,218	$	76,779	$	519,766	$	494,139	$	484,233	$	434,972	$	531,601
Total Liabilities & Stockholders’ Equity	$	11,383,925	$	12,289,756	$	12,262,535	$	17,171,583	$	16,265,645	$	16,404,021	$	18,086,588	$	18,018,449

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour Colorado Company Balance Sheet (continued)


	May 31, 2015		June 30, 2015			July 31, 2015
Cash & Cash Equivalents	$	—	$	—		$	—
Restricted Cash - Current		—		—			—
Accounts Receivables		—		—			—
Intercompany Receivables		—		—			—
Total Other Current Assets		—		—			0

Current Assets	$	—	$	—		$	0
Property, Plant & Equipment	$	17,887,101	$	8,896,860		$	8,957,867
Investments		—		—			—
Goodwill		—		—			—
Restricted Cash		—		—			—
Other Assets		—		—			—
Long-Term Intercompany		—		—			—

Long Term Assets	$	17,887,101	$	8,896,860		$	8,957,867
Total Assets	$	17,887,101	$	8,896,860		$	8,957,867

Total Accounts Payable	$	997,621	$	1,172,253		$	1,235,865
Total Accrued Expenses		—		—			—
Current Maturities Of Debt		—		—			—
Current Portion - Production Payment		—		—			—
Debtor in Possession		—		—			—
Liabilities Subject to Compromise		—		—			—
Taxes Payable		—		—			—
Intercompany Payable		16,130,308		16,128,019			16,162,010
Total Other Current Liabilities		—		—			—

Current Liabilities	$	17,127,928	$	17,300,272		$	17,397,875
Long-Term Debt	$	—	$	—		$	—
Deferred Tax Liability		—		—			—
ARO Liability		1,679		1,698			1,716
Long Term - Production Payment		—		—			—
Long Term Intercompany		—		—			—
Other Long Term Liabilities		—		—			—

Total Liabilities	$	17,129,608	$	17,301,970		$	17,399,591
Redeemable Preferred Stock	$	—	$	—		$	—
Preferred Stock	$	—	$	—		$	—
Common Stock		—		—			—
APIC		—		—			—
Treasury Stock		—		—			—
Accumulated Earnings (Deficit)		757,493		(8,405,110	)		(8,441,724	)

Stockholders’ Equity	$	757,493	$	(8,405,110	)	$	(8,441,724	)
Total Liabilities & Stockholders’ Equity	$	17,887,101	$	8,896,860		$	8,957,867

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour Operating Corporation Balance Sheet


	Petition Date
	October 11, 2014			October 31, 2014			November 30, 2014			December 31, 2014			January 31, 2015			February 28, 2015			March 31, 2015			April 30, 2015
Cash & Cash Equivalents	$	41,410,539		$	37,316,408		$	35,239,032		$	32,055,245		$	29,002,562		$	24,155,340		$	17,514,655		$	14,268,254
Restricted Cash - Current		50,176			50,176			50,176			50,176			50,176			50,176			50,176			50,176
Accounts Receivables		2,126,960			2,101,571			2,611,990			1,900,515			2,337,829			1,742,118			2,187,275			2,843,066
Intercompany Receivables		61,615,971			66,690,504			72,558,450			82,537,725			88,130,037			92,709,693			99,457,172			105,098,398
Total Other Current Assets		10,369,454			13,345,465			13,448,658			6,673,012			6,726,111			6,582,546			5,830,349			6,525,917

Current Assets	$	115,573,099		$	119,504,123		$	123,908,305		$	123,216,672		$	126,246,715		$	125,239,872		$	125,039,626		$	128,785,810
Property, Plant & Equipment	$	84,304,737		$	84,751,882		$	85,492,092		$	19,637,713		$	32,701,525		$	31,452,274		$	22,115,474		$	11,689,684
Investments		238,153,544			238,153,544			238,153,544			238,153,544			238,153,544			238,153,544			238,153,544			238,153,544
Goodwill		—			—			—			—			—			—			—			—
Restricted Cash		—			—			—			—			—			—			—			—
Other Assets		12,350			10,050			10,050			10,050			10,050			10,050			10,050			10,050
Long-Term Intercompany		500,000,000			500,000,000			500,000,000			500,000,000			500,000,000			500,000,000			500,000,000			500,000,000

Long Term Assets	$	822,470,631		$	822,915,476		$	823,655,686		$	757,801,306		$	770,865,118		$	769,615,868		$	760,279,067		$	749,853,278
Total Assets	$	938,043,730		$	942,419,599		$	947,563,991		$	881,017,979		$	897,111,833		$	894,855,740		$	885,318,693		$	878,639,088

Total Accounts Payable	$	575,367		$	1,346,554		$	1,520,837		$	878,456		$	4,777,443		$	794,277		$	2,258,610		$	2,815,320
Total Accrued Expenses		1,504,800			1,633,618			1,762,435			5,870,394			5,679,718			5,556,293			5,961,693			2,763,849
Current Maturities Of Debt		—			—			—			—			—			—			—			—
Current Portion - Production Payment		—			—			—			—			—			—			—			—
Debtor in Possession		—			—			194,814			5,893,145			—			—			—			—
Liabilities Subject to Compromise		—			—			—						5,925,519			5,926,239			5,935,117			5,957,946
Taxes Payable		8,824			9,053			16,651			(18,501	)		8,401			15,007			6,287			6,169
Intercompany Payable		561,781,032			568,388,412			572,929,474			581,884,847			586,047,741			590,526,527			595,208,315			600,210,972
Total Other Current Liabilities		1,100,256			1,100,256			1,100,256			41,415			41,415			41,415			41,415			41,415

Current Liabilities	$	564,970,279		$	572,477,892		$	577,524,467		$	594,549,755		$	602,480,237		$	602,859,758		$	609,411,437		$	611,795,671
Long-Term Debt	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Deferred Tax Liability		—			—			—			—			—			—			—			—
ARO Liability		426,278			428,707			434,060			295,290			301,521			307,874			307,267			311,366
Long Term - Production Payment		—			—			—			—			—			—			—			—
Long Term Intercompany		554,000,000			554,000,000			554,000,000			554,000,000			554,000,000			554,000,000			554,000,000			554,000,000
Other Long Term Liabilities		3,866,507			3,902,468			3,938,429			138,285			136,901			135,517			134,133			132,749

Total Liabilities	$	1,123,263,064		$	1,130,809,067		$	1,135,896,956		$	1,148,983,330		$	1,156,918,659		$	1,157,303,149		$	1,163,852,837		$	1,166,239,786
Redeemable Preferred Stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Preferred Stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Common Stock		1,000			1,000			1,000			1,000			1,000			1,000			1,000			1,000
APIC		57,660,973			57,660,973			57,660,973			57,660,973			57,660,973			57,660,973			57,660,973			57,660,973
Treasury Stock		—			—			—			—			—			—			—			—
Accumulated Earnings (Deficit)		(242,881,307	)		(246,051,441	)		(245,994,938	)		(325,627,324	)		(317,468,799	)		(320,109,382	)		(336,196,116	)		(345,262,671	)

Stockholders’ Equity	$	(185,219,334	)	$	(188,389,468	)	$	(188,332,965	)	$	(267,965,351	)	$	(259,806,826	)	$	(262,447,409	)	$	(278,534,143	)	$	(287,600,698	)
Total Liabilities & Stockholders’ Equity	$	938,043,730		$	942,419,599		$	947,563,991		$	881,017,979		$	897,111,833		$	894,855,740		$	885,318,693		$	878,639,088

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.

Endeavour Operating Corporation Balance Sheet (continued)


	May 31, 2015			June 30, 2015			July 31, 2015
Cash & Cash Equivalents	$	18,935,786		$	18,411,816		$	16,190,248
Restricted Cash - Current		50,176			50,176			50,176
Accounts Receivables		3,712,639			3,487,337			2,774,895
Intercompany Receivables		110,573,546			115,392,766			119,153,169
Total Other Current Assets		5,971,795			5,682,603			3,866,032

Current Assets	$	139,243,941		$	143,024,697		$	142,034,520
Property, Plant & Equipment	$	12,447,217		$	4,372,325		$	4,679,296
Investments		238,153,544			238,153,544			238,153,544
Goodwill		—			—			—
Restricted Cash		—			—			—
Other Assets		10,050			10,050			10,050
Long-Term Intercompany		500,000,000			500,000,000			500,000,000

Long Term Assets	$	750,610,810		$	742,535,918		$	742,842,890
Total Assets	$	889,854,751		$	885,560,616		$	884,877,410

Total Accounts Payable	$	1,650,494		$	3,325,367		$	3,824,704
Total Accrued Expenses		2,637,822			4,866,085			4,396,205
Current Maturities Of Debt		—			—			—
Current Portion - Production Payment		—			—			—
Debtor in Possession		—			—			—
Liabilities Subject to Compromise		5,960,344			5,999,989			6,027,384
Taxes Payable		5,760			13,636			6,759
Intercompany Payable		612,572,102			617,920,368			621,557,440
Total Other Current Liabilities		41,415			41,415			41,415

Current Liabilities	$	622,867,939		$	632,166,860		$	635,853,906
Long-Term Debt	$	—		$	—		$	—
Deferred Tax Liability		—			—			—
ARO Liability		315,515			319,714			323,966
Long Term - Production Payment		—			—			—
Long Term Intercompany		554,000,000			554,000,000			554,000,000
Other Long Term Liabilities		131,365			129,981			123,505

Total Liabilities	$	1,177,314,818		$	1,186,616,555		$	1,190,301,376
Redeemable Preferred Stock	$	—		$	—		$	—
Preferred Stock	$	—		$	—		$	—
Common Stock		1,000			1,000			1,000
APIC		57,660,973			57,660,973			57,660,973
Treasury Stock		—			—			—
Accumulated Earnings (Deficit)		(345,122,040	)		(358,717,912	)		(363,085,939	)

Stockholders’ Equity	$	(287,460,067	)	$	(301,055,940	)	$	(305,423,966	)
Total Liabilities & Stockholders’ Equity	$	889,854,751		$	885,560,616		$	884,877,410

Notes:

-	The financial statements for December and January have been restated to reflect adjustments associated with year-end audit and year-end closing procedures.

-	The balance found in the account titled “Current Maturities of Debt” was moved to the more appropriately named “Liabilities Subject to Compromise” account for presentation purposes beginning January 2015.


In re: Endeavour Operating Corporation, et al.				Case No. 14-12308
Debtors				Reporting Period: 7/1/15 – 7/31/15

STATUS OF POSTPETITION TAXES

The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero. Attach photocopies of IRS Form 6123 or payment receipt to verify payment or deposit of federal payroll taxes.

Attach photocopies of any tax returns filed during the reporting period.


Federal	Beginning Tax Liability		Amount Withheld or Accrued		Amount Paid		Date Paid		Check No. or EFT		Ending Tax Liability
Withholding	$	0	$	0	$	0					$	0
FICA-Employee	$	0	$	0	$	0					$	0
FICA-Employer	$	0	$	0	$	0					$	0
Unemployment	$	0	$	0	$	0					$	0
Income	$	0	$	0	$	0					$	0
Other:	$	0	$	0	$	0					$	0
Total Federal Taxes	$	0	$	0	$	0					$	0
State and Local
Withholding	$	0	$	0	$	0					$	0
Sales	$	0	$	0	$	0					$	0
Excise	$	0	$	0	$	0					$	0
Unemployment	$	0	$	0	$	0					$	0
Real Property	$	0	$	0	$	0					$	0
Personal Property	$	0	$	0	$	0					$	0
Other: Severance Tax	$	12,016.14	$	6,157.95	$	5,527.28		7/21/2015		021***914	$	12,646.81
Total State and Local	$	0	$	0	$	0					$	0

Total Taxes	$	12,016.14	$	6,157.95	$	5,527.28					$	12,646.81

NOTE: The Company accrues for severance taxes on a quarterly basis. The average severance taxes incurred based on production is $7,000/month.


In re Endeavour Operating Corporation, et al.				Case No. 14-12308
Debtors				Reporting Period: 7/1/2015 – 7/31/2015

SUMMARY OF UNPAID POSTPETITION DEBTS

See attached aged listing of accounts payable.


Number of Days Past Due
	Current		0-30		31-60		61-90		Over 90		Total
Accounts Payable	$	899,341.18	$	0.00	$	0.00	$	0.00	$	0.00	$	899,341.18
Wages Payable
Taxes Payable
Rent/Leases-Building
Rent/Leases-Equipment
Secured Debt/Adequate Protection Payments
Professional Fees	$	472,347.31	$	34,780.20	$	68,253.00	$	170,893.75	$	602,852.60	$	1,349,126.86

Amounts Due to Insiders*
Other:
Other:

Total Postpetition Debts	$	1,371,688.49	$	34,780.20	$	68,253.00	$	170,893.75	$	602,852.60	$	2,248,468.04

*	“Insider” is defined in 11 U.S.C. Section 101(31).

Endeavour Operating Corp

Payables Aging Report


	Days Past Due
Accounts Payable: Vendor	Balance at July 31, 2015		Current		0-30		31-60		61-90		90+
Tejas Office Products Inc	$	28.61	$	28.61	$	—	$	—	$	—	$	—
ADP TotalSource		14,587.63		14,587.63		—		—		—		—
Time Warner Telecom		5,868.17		5,868.17		—		—		—		—
Shred-it		76.79		76.79		—		—		—		—
Melissa Priest		823.01		823.01		—		—		—		—
Red Dog Systems Inc		45.00		45.00		—		—		—		—
ProStar Services		133.33		133.33		—		—		—		—
DirecTV		184.56		184.56		—		—		—		—
MLN Service Company, Inc		396.00		396.00		—		—		—		—
B&A Properties, LLC		6,800.92		6,800.92		—		—		—		—
McGriff, Seibels & Williams of Texas, Inc.		861,111.00		861,111.00		—		—		—		—
BG Finance and Accounting Inc		382.08		382.08		—		—		—		—
Level 3 Communiations		29.72		29.72		—		—		—		—
Finch Management & Investment Inc.		7,820.00		7,820.00		—		—		—		—
AVSI Group LLC		1,054.36		1,054.36		—		—		—		—

Total Accounts Payable	$	899,341.18	$	899,341.18	$	—	$	—	$	—	$	—


	Days Past Due
Professional Fees Payable: Vendor	Balance at July 31, 2015		Current		0-30		31-60		61-90		90+
Thompson & Knight LLP¹	$	145,767.15	$	—	$	—	$	—	$	145,767.15	$	—
Weil, Gotshal & Manges LLP¹		413,817.90		209,354.80		—		68,253.00		—		136,210.10
Ernst & Young (USD)¹		178,285.19		14,766.88		—		—		—		163,518.31
FTI Consulting¹		85,052.51		—		—		—		—		85,052.51
Blackstone Advisory Partners LP¹		79,151.54		35,000.00		—		—		—		44,151.54
Richards,Layton & Finger, P.A.¹		29,610.60		8,146.50		5,721.70		—		15,742.40		—
Opportune		178,128.53		178,128.53		—		—		—		—
ARENT FOX LLP²		153,093.15		—		—		—		—		153,093.15
Wilmington Trust, National Association²		17,499.14		—		—		—		—		17,499.14
Bayard, P.A.¹		40,207.30		16,235.10		14,588.00		—		9,384.20		—
Alvarez & Marsal North America¹		25,186.00		10,715.50		14,470.50		—		—		—
Polsinelli PC²		3,327.85		—		—		—		—		3,327.85

Total Professional Fees Payable	$	1,349,126.86	$	472,347.31	$	34,780.20	$	68,253.00	$	170,893.75	$	602,852.60

Grand Total	$	2,248,468.04	$	1,371,688.49	$	34,780.20	$	68,253.00	$	170,893.75	$	602,852.60

¹	The “past due” balances outstanding with these respective professionals are the 20% hold amounts related to the various retention orders entered into by the bankruptcy professionals. Once the hold period passes, the invoices will be paid in the ordinary course of business.

The “past due” balances outstanding reflect amounts invoiced by these professionals that exceed the $75,000/month adequate protection payment limit applicable to certain fees, costs and expenses incurred in connection with the Debtors’ chapter 11 cases under the Stipulated Order Granting (I) Adequate Protection to Prepetition Noteholders and (II) Related Relief Pursuant to Sections 105(a), 361, 362, 363(e) and 507(b) of the Bankruptcy Code found at Docket Index Number 166. The Debtors reserve all rights with respect to the outstanding balances.


In re: Endeavour Operating Corporation, et al				Case No. 14-12308
Debtors				Reporting Period: 7/1/2015 – 7/31/2015

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING


	Amount
Accounts Receivable Reconciliation
Total Accounts Receivable at the beginning of the reporting period			$	3,487,337.41
+ Amounts billed during the period	$	224,032.96
- Amounts collected during the period	$	936,475.02

Total Accounts Receivable at the end of the reporting period			$	2,774,895.36

Accounts Receivable Aging
0 - 30 days old			$	1,851,136.55
31 - 60 days old			$	345.00
61 - 90 days old			$	338,486.11
91+ days old			$	584,927.70

Total Accounts Receivable			$	2,774,895.36

Amount considered uncollectible (Bad Debt)			$	0

Accounts Receivable (Net)			$	2,774,895.36

DEBTOR QUESTIONNAIRE


Must be completed each month		Yes	No
1.	Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.		X
2.	Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below.		X
3.	Have all postpetition tax returns been timely filed? If no, provide an explanation below.	X
4.	Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below.	X
5.	Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened account(s). If an investment account has been opened provide the required documentation pursuant to the Delaware Local Rule 4001-3.		X

Dated: August 31, 2015

Respectfully submitted,

/s/ Catherine L. Stubbs

By: Catherine L. Stubbs

Senior Vice President & CFO