Endeavour announces mobilization of Transocean Prospect rig Endeavour International announced that the Transocean Prospect semi-submersible drilling rig has been mobilized to the Rochelle field to complete the drilling of the East Rochelle development well in the U.K. Central North Sea. Drilling of the East Rochelle development well was suspended in November to allow for the completion of the subsea installation.
News For END From The Last 14 Days
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Endeavour receives notice of non-compliance with NYSE listing standards Endeavour has been notified by the NYSE that it is not in compliance with two of the NYSE's continued listing standards. The NYSE requires that the average closing price per share of a listed company's stock be in excess of $1.00 for a consecutive 30-trading day period. Under this continued listing criteria, Endeavour has a period of six months, subject to possible extension, to bring its average share price back over $1.00. The company's common stock expects to be listed and traded on the NYSE during this period. In addition, the company's total market capitalization has averaged less than $50M over a consecutive 30 trading-day period and its last reported shareholders' equity was also below $50M. Endeavour has 45-days from receipt of the NYSE notice to submit a business plan to the NYSE demonstrating how it intends to comply with the NYSE's continued listing standards. The company's stock expects to trade on the NYSE during the plan period.