Endeavour International Corporation has announced that the company has engaged Opportune LLP, to assist the company in its financial restructuring process.
In connection with this engagement, David C. Baggett, Managing Partner of Opportune LLP, has been appointed as Chief Restructuring Officer of Endeavour, effective immediately, reporting directly to the Board of Directors.
Baggett has been the Managing Partner of Opportune LLP since 2005. He currently serves on the board of directors of North Star Energy, Thunderbird Resources, LP and Marlin Midstream GP, LLC and previously served on the boards of AMPAM, Genesis Energy MLP, Encore Energy Partners and ERCOT.
Commenting on the appointment, Chairman, CEO and President, William L. Transier, said: "The Board of Directors and I are impressed with David's in depth knowledge of the oil and gas industry, combined with his experience leading companies through the restructuring process. We believe that makes him extremely qualified to serve as our Chief Restructuring Officer as we continue discussions with our various stakeholders."
Adapted from press release by Katie Woodward
Read the article online at: https://www.oilfieldtechnology.com/exploration/07102014/endeavour-engages-opportune-llp-1579/