Exhibit 99.2

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Third Quarter Review

2005

November 3, 2005

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Production Summary

	Three Months
	Ended		Nine Months Ended
	September 30, 2005		September 30, 2005
Daily Production:
Oil (Bbl)	2,003		1,878
Gas (Mcf)	532		480
Liquids (Bbl)	68		61
Equivalent Barrels	2,159		2,019
Realized Oil Price ($ per Bbl) (*)	$	56.08	$	51.31

^(*)  Includes the impact of commodity hedges.

Capital Expenditures

($ millions)

	Nine Months
	Ended
	September 30,		Forecasted Full
	2005		Year 2005
Drilling
United Kingdom	$	10.4	$	27.0
Norway	3.5		5.5
Seismic and other	2.4		8.0
Direct E&P	16.3		40.5
Corporate expenditures	0.4		0.5
Direct expenditures	16.7		41.0
Capitalized G&A and interest	6.0		8.0
Total capital expenditures	$	22.7	$	49.0

Sources and Uses of Cash

($ millions)

	Nine Months
	Ended
	September 30,
	2005
Discretionary cash flow	$	5.2
Changes in working capital	18.9
Capital expenditures	(22.7		)
Net financing proceeds	78.7
Increase in cash	80.1
Beginning cash	9.0
Cash at September 30, 2005	$	89.1

Turriff Pre drill

Schematic cross section

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Endeavour UK Blocks

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On the Quest for Energy