0001096906-12-000219.txt : 20120210 0001096906-12-000219.hdr.sgml : 20120210 20120210105059 ACCESSION NUMBER: 0001096906-12-000219 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120210 DATE AS OF CHANGE: 20120210 GROUP MEMBERS: ENDEAVOUR INTERNATIONAL CORP GROUP MEMBERS: JOSEPH W. DONALDSON GROUP MEMBERS: MCCLAIN VALUE MANAGEMENT LLC GROUP MEMBERS: PHILLIP C. MCCLAIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENDEAVOUR INTERNATIONAL CORP CENTRAL INDEX KEY: 0001112412 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 880448389 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-62401 FILM NUMBER: 12590150 BUSINESS ADDRESS: STREET 1: 1001 FANNIN STREET STREET 2: SUITE 1600 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-307-8700 MAIL ADDRESS: STREET 1: 1001 FANNIN STREET STREET 2: SUITE 1600 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: CONTINENTAL SOUTHERN RESOURCES INC DATE OF NAME CHANGE: 20020816 FORMER COMPANY: FORMER CONFORMED NAME: EXPRESSIONS GRAPHICS INC DATE OF NAME CHANGE: 20000419 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: McClain Value Management LLC CENTRAL INDEX KEY: 0001424196 IRS NUMBER: 061624891 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 175 ELM STREET CITY: NEW CANAAN STATE: CT ZIP: 06840 BUSINESS PHONE: 203-966-3197 MAIL ADDRESS: STREET 1: 175 ELM STREET CITY: NEW CANAAN STATE: CT ZIP: 06840 SC 13G 1 mcclainvaluemgmtsec13g.htm MCCLAIN VALUE MANAGEMENT LLC SCH 13G 2011-12-31 mcclainvaluemgmtsec13g.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.   )*
 
ENDEAVOUR INTERNATIONAL CORPORATION
______________________________________________________________________________________
(Name of Issuer)

Common Stock
______________________________________________________________________________________
(Title of Class Securities)

29259G200
___________________________________
(CUSIP Number)

December 31, 2011
______________________________________________________________________________________
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
 
x
Rule 13d-1(b)
 
o
Rule 13d-1(c)
 
o
Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosure provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 

Page 2 of 8 Pages
 
 
 CUSIP No. 29259G200
 
 
1
NAME OF REPORTING PERSONS.
 
McClain Value Management LLC
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
 
06-1624891   
 
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [    ]
(b) [    ]
 
3
SEC Use Only
 
 
 
4
Citizenship or Place of Organization
 
Connecticut
 
 
 
 
 
 
NUMBER OF SHARES
 BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
 
 
 
5
 
Sole Voting Power
 
2,392,009
 
6
 
Shared Voting Power
 
0
 
7
 
Sole Dispositive Power
 
2,548,438
 
8
 
Shared Dispositive Power
 
0
 
9
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
2,548,438
 
10
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
 
 
11
 
Percent of Class Represented by Amount in Row (9)
 
6.77%
 
12
 
Type of Reporting Person (See Instructions)
 
IA


 
 
 
 
 
Page 3 of 8 Pages
 
 
 
 CUSIP No. 29259G200
 
 
1
NAME OF REPORTING PERSONS.
 
Phillip C. McClain
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
  
 
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [    ]
(b) [    ]
 
 
3
SEC Use Only
 
 
 
4
Citizenship or Place of Organization
 
Connecticut
 
 
 
 
 
 
NUMBER OF SHARES
 BENEFICIALLY OWNED
BY EACH REPORTING
PERSON WITH
 
 
 
5
 
Sole Voting Power
 
2,392,009
 
6
 
Shared Voting Power
 
0
 
7
 
Sole Dispositive Power
 
2,548,438
 
8
 
Shared Dispositive Power
 
0
 
9
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
2,548,438
 
10
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
 
 
11
 
Percent of Class Represented by Amount in Row (9)
 
6.77%
 
12
 
Type of Reporting Person (See Instructions)
 
HC



 
 
 
 
Page 4 of 8 Pages
 
 
 CUSIP No. 29259G200
 
 
1
NAME OF REPORTING PERSONS.
 
Joseph W. Donaldson
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
  
 
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a) [    ]
(b) [    ]
 
 
3
SEC Use Only
 
 
 
4
Citizenship or Place of Organization
 
Connecticut
 
 
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
 
 
5
 
Sole Voting Power
 
2,392,009
 
6
 
Shared Voting Power
 
0
 
7
 
Sole Dispositive Power
 
2,548,438
 
8
 
Shared Dispositive Power
 
0
 
9
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
2,548,438
 
10
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
 
 
11
 
Percent of Class Represented by Amount in Row (9)
 
6.77%
 
12
 
Type of Reporting Person (See Instructions)
 
HC


 
 
 

 
Page 5 of 8 Pages
CUSIP No. 29259G200

 Item 1.
 
(a)
 Name of Issuer
  
       
 
 Endeavour International Corporation
  
     
 
(b)
 Address of Issuer’s Principal Executive Offices
     
 
 811 Main Street, Suite 2100, Houston, TX 77002
  
                 
 
Item 2.
 
 
(a)
Name of Person Filing
  
       
 
This Schedule is being filed by each of:
McClain Value Management LLC
Phillip C. McClain
Joseph W. Donaldson
 
McClain Value Management LLC is a registered investment advisor and Messrs. McClain and Donaldson are its sole members.  Mr. McClain is the managing member.
 
  
 
(b)
Address of Principal Business office or, if None, Residence
     
 
175 Elm Street, New Canaan, CT 06840
  
     
 
(c)
Citizenship
  
       
 
Connecticut
  
     
 
(d)
Title of Class Securities
  
       
 
Common Stock
  
     
 
(e)
CUSIP Number
  
       
 
29259G200
  
                             

Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 
(a)
[
]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).
 
 
(b)
[
]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
 
 
(c)
[
]
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
 
 
 
 

Page 6 of 8 Pages
 
 
 
 
(d)
[
]
Investment company registered under section 8 of the Investment Company Act (15 U.S.C. 80a-8).
 
 
(e)
[ x
]
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).
 
 
(f)
[
]
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(ii)(F).
 
 
(g)
[
]
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
 
 
(h)
[
]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
 
 
(i)
[
]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
 
 
(j)
[
]
Group in accordance with § 240.13d-1(b)(ii)(J).
 
Item 4.
Ownership
 
(a) Amount beneficially owned: 2,548,438
 
(b) Percent of class: 6.77%
 
(c) Number of shares to which the person has:
 
 
(i) Sole power to vote or to direct the vote: 2,392,009
 
 
(ii) Shared power to direct the vote: 0
 
 
(iii) Sole power to dispose or to direct the disposition of: 2,548,438
 
 
(iv) Shared power to dispose or to direct the disposition of: 0
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class securities, check the following o
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
   
Not applicable. 
 
 
 
 
 

Page 7 of 8 Pages
 
 
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
   
Not applicable.
 
Item 8.
Identification and Classification of Members of the Group.
   
Not applicable.
 
Item 9.
Notice of Dissolution of Group.
   
Not applicable.
 
Item 10.
Certification:
   
By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose or with the effect of changing or influencing the control of the issuer and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
[Signature Page Follows]
 
 
 
 
 

Page 8 of 8 Pages
 
 
 
 
 
SIGNATURE
Date:  February 10, 2012
  
 
McCLAIN VALUE MANAGEMENT LLC
   
   
 
By: /s/ Phillip C. McClain
 
Name: Phillip C. McClain
 
Its: Managing Partner
 
     
 
/s/ Phillip C. McClain
 
Phillip C. McClain
     
 
/s/ Joseph W. Donaldson
 
Joseph W. Donaldson
 
 
 
 
 
 
 
 
 EX-99 2 mcclainvalueexh99.htm JOINT FILING AGREEMENT mcclainvalueexh99.htm
EXHIBIT A - JOINT FILING AGREEMENT


JOINT FILING AGREEMENT

This will confirm the agreement by and among all the undersigned that the Schedule 13G filed on or about this date, and any amendments thereto, with respect to beneficial ownership by the undersigned of shares of the common stock of Endeavour International Corporation, is being filed on behalf of each of the undersigned in accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.  This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
 
 
 
 
SIGNATURE
Date:  February 10, 2012
  
 
McCLAIN VALUE MANAGEMENT LLC
   
   
 
By: /s/ Phillip C. McClain
 
Name: Phillip C. McClain
 
Title: Managing Partner
 
     
 
/s/ Phillip C. McClain
 
Phillip C. McClain
     
 
/s/ Joseph W. Donaldson
 
Joseph W. Donaldson