

As of March 31, 2014
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents	$	-	$	28,753	$	26,737	$	-	$	55,490
Accounts receivable		-		2,273		45,944		-		48,217
Current receivables due from affiliates		850,227		6,704		49,036		(905,967)		-
Prepaid expenses and other		-		813		82,083		-		82,896
Current Assets		850,227		38,543		203,800		(905,967)		186,603

Property, plant and equipment, net		-		88,421		965,354		-		1,053,775
Goodwill		-		-		259,238		-		259,238
Long-term receivables due from affiliates		-		500,000		-		(500,000)		-
Investments in subsidiaries		57,662		219,058		-		(276,720)		-
Other assets		19,619		56		13,322		-		32,997
Total Assets	$	927,508	$	846,078	$	1,441,714	$	(1,682,687)	$	1,532,613

Accounts payable	$	-	$	10,094	$	46,105	$	-	$	56,199
Current maturities of debt		-		-		2,140		-		2,140
Deferred revenue		-		-		2,152		-		2,152
Monetary production payment, current portion		-		-		120,833		-		120,833
Current liabilities due to affiliates		648		899,237		6,082		(905,967)		-
Accrued expenses and other		10,655		6,345		62,219		-		79,219
Current Liabilities		11,303		915,676		239,531		(905,967)		260,543

Long-term debt		691,483		-		200,346		-		891,829
Long-term liabilities due to affiliates		-		-		500,000		(500,000)		-
Deferred taxes		-		-		173,847		-		173,847
Monetary production payment, long-term portion		-		-		40,833		-		40,833
Other liabilities		4,065		5,077		118,647		-		127,789
Total Liabilities		706,851		920,753		1,273,204		(1,405,967)		1,494,841

Series C convertible preferred stock		43,703		-		-		-		43,703
Stockholders' equity		176,954		(74,675)		168,510		(276,720)		(5,931)
Total Liabilities and Equity	$	927,508	$	846,078	$	1,441,714	$	(1,682,687)	$	1,532,613



As of December 31, 2013
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents	$	-	$	2,417	$	32,325	$	-	$	34,742
Accounts receivable		-		1,832		63,339		-		65,171
Current receivables due from affiliates		853,900		20,783		45,982		(920,665)		-
Prepaid expenses and other		-		594		59,724		-		60,318
Current Assets		853,900		25,626		201,370		(920,665)		160,231

Property, plant and equipment, net		-		87,313		984,838		-		1,072,151
Goodwill		-		-		259,238		-		259,238
Long-term receivables due from affiliates		-		500,000		8		(500,008)		-
Investments in subsidiaries		57,662		219,066		-		(276,728)		-
Other assets		20,518		6,056		6,648		-		33,222
Total Assets	$	932,080	$	838,061	$	1,452,102	$	(1,697,401)	$	1,524,842

Accounts payable	$	-	$	1,214	$	36,819	$	-	$	38,033
Current maturities of debt		-		-		-		-		-
Deferred revenue		-		-		20,965		-		20,965
Monetary production payment deposit		-		-		74,167		-		74,167
Current liabilities due to affiliates		648		899,853		20,172		(920,673)		-
Accrued expenses and other		27,474		3,353		57,798		-		88,625
Current Liabilities		28,122		904,420		209,921		(920,673)		221,790

Long-term debt		678,850		-		192,028		-		870,878
Long-term liabilities due to affiliates		-		-		500,000		(500,000)		-
Deferred taxes		-		-		146,213		-		146,213
Monetary production payment, long-term portion		-		-		92,500		-		92,500
Other liabilities		3,535		601		127,234		-		131,370
Total Liabilities		710,507		905,021		1,267,896		(1,420,673)		1,462,751

Series C convertible preferred stock		43,703		-		-		-		43,703
Stockholders' equity		177,870		(66,960)		184,206		(276,728)		18,388
Total Liabilities and Equity	$	932,080	$	838,061	$	1,452,102	$	(1,697,401)	$	1,524,842



For the Three Months Ended March 31, 2014
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue	$	-	$	1,947	$	92,216	$	-	$	94,163
Operating expenses		-		1,181		25,989		-		27,170
DD&A expense		-		721		44,247		-		44,968
Impairment of oil and gas properties		-		-		-		-		-
General and administrative		995		3,709		145		-		4,849
Income (loss) from Operations		(995)		(3,664)		21,835		-		17,176

Other Income (Expense):
Unrealized gains on derivatives		469		-		2,190		-		2,659
Interest expense		(20,620)		578		(26,435)		15,000		(31,477)
Letter of credit fees		-		-		(3,789)		-		(3,789)
Loss on early extinguishment of debt		-		-		(3,543)		-		(3,543)
Litigation settlement expense		-		(19,034)		-		-		(19,034)
Unrealized foreign currency gains (losses)		-		-		(1,273)		-		(1,273)
Other income (expense)		(322)		14,406		(1,104)		(15,000)		(2,020)
Loss Before Income Taxes		(21,468)		(7,714)		(12,119)		-		(41,301)
Petroleum Revenue Tax ("PRT") Expense		-		-		1,725		-		1,725
Corporate Tax Expense		-		-		1,844		-		1,844
Total tax expense		-		-		3,569		-		3,569
Net loss		(21,468)		(7,714)		(15,688)		-		(44,870)
Preferred stock dividends		456		-		-		-		456
Net loss to common shareholders	$	(21,924)	$	(7,714)	$	(15,688)	$	-	$	(45,326)


For the Three Months Ended March 31, 2013
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue	$	-	$	2,536	$	55,136	$	-	$	57,672
Operating expenses		-		3,615		13,875		-		17,490
DD&A expense		-		1,139		21,808		-		22,947
Impairment of oil and gas properties		-		3,534		-		-		3,534
General and administrative		732		2,611		2,139		-		5,482
Income (loss) from Operations		(732)		(8,363)		17,314		-		8,219

Other Income (Expense):
Unrealized gains (losses) on derivatives		(700)		-		2,280		-		1,580
Interest expense		(20,160)		603		(16,881)		15,000		(21,438)
Letter of credit fees		-		-		(11,380)		-		(11,380)
Loss on early extinguishment of debt		-		-		-		-		-
Litigation settlement expense		-		-		-		-		-
Unrealized foreign currency gains (losses)		-		(1)	-	9,761	-	-	-	9,760
Other income (expense)		1		14,478		643		(15,000)		122
Income (Loss) Before Income Taxes		(21,591)		6,717		1,737		-		(13,137)
Petroleum Revenue Tax ("PRT") Expense		-		-		628		-		628
Corporate Tax Expense		-		-		281		-		281
Total tax expense		-		-		909		-		909
Net income (loss)		(21,591)		6,717		828		-		(14,046)
Preferred stock dividends		456		-		-		-		456
Net income (loss) to common shareholders	$	(22,047)	$	6,717	$	828	$	-	$	(14,502)



For the Three Months Ended March 31, 2014
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash Flows from Operating Activities:
Net loss	$	(21,468)	$	(7,714)	$	(15,688)	$	-	$	(44,870)
Adjustments to reconcile net loss to
net cash provided by (used in) operations
Depreciation, depletion and amortization		-		721		44,247		-		44,968
Deferred tax expense (benefit)		-		-		1,969		-		1,969
Unrealized (gains) losses on derivatives		(469)		-		(2,190)		-		(2,659)
Amortization of non-cash compensation		162		-		-		809		971
Amortization of loan costs and discount		2,049		-		4,656		-		6,705
Non-cash interest expense		-		-		1,883		-		1,883
Loss on early extinguishment of debt		-		-		6,856		-		6,856
Litigation settlement expense				19,034		-		-		19,034
Other		-		(4)		1,851		-		1,847
Changes in operating assets and liabilities:
(Increase) decrease in receivables		-		(852)		19,853		-		19,001
(Increase) decrease in other current assets		-		(238)		(4,818)		-		(5,056)
Increase (decrease) in liabilities		(17,438)		20,381		(23,658)		(2,385)		(23,100)
Net Cash Provided by (Used in)
Operating Activities		(37,164)		31,328		34,961		(1,576)		27,549

Cash Flows From Investing Activities:
Capital expenditures		-		(15,328)		(15,093)		1,576		(28,845)
Proceeds from sales, net of cash		-		1,352		-		-		1,352
Increase in restricted cash		-		-		(2,457)		-		(2,457)
Net Cash Used in Investing Activities		-		(13,976)		(17,550)		1,576		(29,950)

Cash Flows From Financing Activities:
Repayments of borrowings		-		-		(115,163)		-		(115,163)
Borrowings under debt agreements, net
of debt discount		17,500		-		123,125		-		140,625
Proceeds from issuance of common stock		12,376		-		-		-		12,376
Repayments of MPP		-		-		(5,000)				(5,000)
Financing costs paid		(456)		-		(8,817)		-		(9,273)
Intercompany cash management		8,160		8,984		(17,144)		-		-
Other financing		(416)		-		-		-		(416)
Net Cash Provided by (Used in)
Financing Activities		37,164		8,984		(22,999)		-		23,149

Net Change in Cash and Cash Equivalents		-		26,336		(5,588)		-		20,748
Cash and Cash Equivalents, Beginning
of Period		-		2,417		32,325		-		34,742
Cash and Cash Equivalents, End of Period	$	-	$	28,753	$	26,737	$	-	$	55,490



For the Three Months Ended March 31, 2013
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash Flows from Operating Activities:
Net loss	$	(21,591)	$	6,717	$	828	$		$	(14,046)
Adjustments to reconcile net loss to
net cash provided by (used in) operations
Depreciation, depletion and amortization		-		1,139		21,808		-		22,947
Impairment of oil and gas properties		-		3,534		-		-		3,534
Deferred tax expense (benefit)		-		-		128		-		128
Unrealized (gains) losses on derivatives		700		-		(2,280)		-		(1,580)
Amortization of non-cash compensation		163		-		-		669		832
Amortization of loan costs and discount		1,951		-		1,488		-		3,439
Non-cash interest expense		-		-		2,274		-		2,274
Other		43		(4)		(4,762)		-		(4,723)
Changes in operating assets and liabilities:
(Increase) decrease in receivables		-		275		15,554		-		15,829
(Increase) decrease in other current assets		3,643		(15,057)		55		-		(11,359)
Increase (decrease) in liabilities		(17,112)		52		48,059		(669)		30,330
Net Cash Provided by (Used in)
Operating Activities		(32,203)		(3,344)		83,152		-		47,605

Cash Flows From Investing Activities:
Capital expenditures		-		(2,532)		(56,542)		-		(59,074)
Net Cash Used in Investing Activities		-		(2,532)		(56,542)		-		(59,074)

Cash Flows From Financing Activities:
Proceeds from issuance of MPP		-		-		43,000		-		43,000
Intercompany cash management		32,794		(19,399)		(13,395)		-		-
Financing costs paid		(591)		-		(9,344)		-		(9,935)
Net Cash Provided by (Used in)
Financing Activities		32,203		(19,399)		20,261		-		33,065

Net Change in Cash and Cash Equivalents		-		(25,275)		46,871		-		21,596
Cash and Cash Equivalents, Beginning
of Period		-		27,800		31,385		-		59,185
Cash and Cash Equivalents, End of Period	$	-	$	2,525	$	78,256	$	-	$	80,781