

As of March 31, 2015
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents	$	-	$	17,515	$	48,983	$	-	$	66,498
Accounts receivable		-		2,187		32,083		-		34,270
Current receivables due from affiliates		494,133		68,055		100,272		(662,460)		-
Prepaid expenses and other		-		5,881		30,940		-		36,821
Current Assets		494,133		93,638		212,278		(662,460)		137,589

Property, plant and equipment, net		-		30,077		313,658		-		343,735
Restricted cash, long-term portion		-		-		95,356		-		95,356
Long-term receivables due from affiliates		554,000		500,000		-		(1,054,000)		-
Investments in subsidiaries		57,662		219,058		-		(276,720)		-
Other assets		-		11		62		-		73
Total Assets	$	1,105,795	$	842,784	$	621,354	$	(1,993,180)	$	576,753

Accounts payable	$	-	$	2,833	$	29,864	$	-	$	32,697
Current maturities of debt		-		-		433,141		-		433,141
Deferred revenue		-		-		594		-		594
Current liabilities due to affiliates		648		594,376		67,436		(662,460)		-
Asset retirement obligations, current portion		-		41		29,794		-		29,835
Accrued expenses and other		621		3,946		765		-		5,332
Current Liabilities		1,269		601,196		561,594		(662,460)		501,599

Long-term liabilities due to affiliates		-		554,000		500,000		(1,054,000)		-
Deferred taxes		-		-		39,118		-		39,118
Other liabilities		(3)		449		64,050		-		64,496
Total Liabilities Not Subject to Compromise		1,266		1,155,645		1,164,762		(1,716,460)		605,213

Liabilities Subject to Compromise		751,221		5,933		83,746		-		840,900

Series C convertible preferred stock		17,481		-		-		-		17,481
Stockholders' equity (deficit)		335,827		(318,794)		(627,154)		(276,720)		(886,841)
Total Liabilities and Equity	$	1,105,795	$	842,784	$	621,354	$	(1,993,180)	$	576,753



As of December 31, 2014
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash and cash equivalents	$	-	$	32,055	$	49,795	$	-	$	81,850
Accounts receivable		-		2,427		33,080		-		35,507
Current receivables due from affiliates		477,351		53,174		104,085		(634,610)		-
Prepaid expenses and other		-		7,350		40,047		-		47,397
Current Assets		477,351		95,006		227,007		(634,610)		164,754

Property, plant and equipment, net		-		35,529		433,980		-		469,509
Restricted cash, long term portion		-		-		100,241		-		100,241
Long-term receivables due from affiliates		554,000		500,000		-		(1,054,000)		-
Investments in subsidiaries		57,662		219,058		-		(276,720)		-
Other assets		-		10		62		-		72
Total Assets	$	1,089,013	$	849,603	$	761,290	$	(1,965,330)	$	734,576

Accounts payable	$	-	$	2,065	$	25,299	$	-	$	27,364
Current maturities of debt		-		-		432,181		-		432,181
Deferred revenue		-		-		14,157		-		14,157
Current liabilities due to affiliates		648		581,402		52,560		(634,610)		-
Asset retirement obligations, current portion		-		42		40,505		-		40,547
Accrued expenses and other		385		5,663		9,148		-		15,196
Current Liabilities		1,033		589,172		573,850		(634,610)		529,445

Long-term liabilities due to affiliates		-		554,000		500,000		(1,054,000)		-
Deferred taxes		-		-		56,670		-		56,670
Other liabilities		1		436		65,640				66,077
Total Liabilities Not Subject to Compromise		1,034		1,143,608		1,196,160		(1,688,610)		652,192

Liabilities Subject to Compromise		751,219		6,079		83,746		-		841,044

Series C convertible preferred stock		17,481		-		-		-		17,481
Stockholders' equity (deficit)		319,279		(300,084)		(518,616)		(276,720)		(776,141)
Total Liabilities and Equity	$	1,089,013	$	849,603	$	761,290	$	(1,965,330)	$	734,576


For the Three Months Ended March 31, 2015
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Revenue	$	-	$	1,083	$	63,246	$	-	$	64,329
Operating expenses		-		1,289		22,856		-		24,145
DD&A expense		-		562		55,999		-		56,561
Impairment of oil and gas properties		-		10,078		80,009		-		90,087
Insurance proceeds		-		-		(8,425)		-		(8,425)
G&A expenses		33		(649)		3,188		-		2,572
Loss from Operations		(33)		(10,197)		(90,381)		-		(100,611)

Other Income (Expense):
Interest expense		-		(16,620)		(29,351)		31,620		(14,351)
Letter of credit fees		-		-		(58)		-		(58)
Financing and transaction costs		-		(45)		(980)		-		(1,025)
Reorganization items		-		(6,866)		-		-		(6,866)
Unrealized foreign currency gains (losses)		-		-		4		-		4
Other income (expense)		16,620		15,018		87		(31,620)		105
Income (loss) before income taxes		16,587		(18,710)		(120,679)		-		(122,802)

Petroleum Revenue Tax ("PRT") Benefit		-		-		(12,141)		-		(12,141)
Corporate Tax Benefit		-		-		-		-		-
Total tax benefit		-		-		(12,141)		-		(12,141)

Net income (loss)		16,587		(18,710)		(108,538)		-		(110,661)

Preferred stock dividends		-		-		-		-		-

Net income (loss) to common shareholders	$	16,587	$	(18,710)	$	(108,538)	$	-	$	(110,661)



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
G&A expenses		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)		(16,042)		(26,435)		31,620		(31,477)
Letter of credit fees		-		-		(3,789)		-		(3,789)
Financing and transaction costs		(323)		(590)		(903)				(1,816)
Loss on early extinguishment of financing agreements		-		-		(3,543)		-		(3,543)
Litigation settlement expense		-		(19,034)		-		-		(19,034)
Unrealized foreign currency gains (losses)		-		-		(1,273)		-		(1,273)
Other income (expense)		16,621		14,996		(201)		(31,620)		(204)
Loss before income taxes		(4,848)		(24,334)		(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		(4,848)		(24,334)		(15,688)		-		(44,870)

Preferred stock dividends		456		-		-		-		456

Net loss to common shareholders	$	(5,304)	$	(24,334)	$	(15,688)	$	-	$	(45,326)



For the Three Months Ended March 31, 2015
	Endeavour International Corporation		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations		Consolidated
Cash Flows from Operating Activities:
Net loss	$	16,587	$	(18,710)	$	(108,538)	$	-	$	(110,661)
Adjustments to reconcile net loss to
net cash provided by (used in) operations
Depreciation, depletion and amortization		-		562		55,999		-		56,561
Impairment of oil and gas properties		-		10,078		80,009		-		90,087
Deferred tax expense (benefit)		-		-		(11,137)		-		(11,137)
Amortization of non-cash compensation		-		-		-		(10)		(10)
Amortization of loan costs and discount		-		-		2,238		-		2,238
Other		(39)		6,338		(11,316)		-		(5,017)
Changes in operating assets and liabilities:
(Increase) decrease in receivables		-		240		997		-		1,237
(Increase) decrease in other current assets		-		(17,219)		19,843		-		2,624
Increase (decrease) in liabilities		236		(7,399)		(15,895)		-		(23,058)
Net Cash Provided by (Used in)
Operating Activities		16,784		(26,110)		12,200		(10)		2,864

Cash Flows From Investing Activities:
Capital expenditures		-		(5,826)		(17,897)		622		(23,101)
Increase in restricted cash		-		-		4,885		-		4,885
Net Cash Used in Investing Activities		-		(5,826)		(13,012)		622		(18,216)

Cash Flows From Financing Activities:
Intercompany cash management		(16,784)		17,396		-		(612)		-
Other financing		-		-		-		-		-
Net Cash Provided by (Used in)
Financing Activities		(16,784)		17,396		-		(612)		-

Net Change in Cash and Cash Equivalents		-		(14,540)		(812)		-		(15,352)
Cash and Cash Equivalents, Beginning
of Period		-		32,055		49,795		-		81,850
Cash and Cash Equivalents, End of Period	$	-	$	17,515	$	48,983	$	-	$	66,498



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	$	(4,848)	$	(24,334)	$	(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
Litigation settlement expense		-		19,034		-		-		19,034
Loss on early extinguishment of debt		-		-		6,856		-		6,856
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		(20,544)		14,708		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)
Intercompany cash management		(8,460)		25,604		(17,144)		-		-
Financing costs paid		(456)		-		(8,817)		-		(9,273)
Other financing		(416)		-		-		-		(416)
Net Cash Provided by (Used in)
Financing Activities		20,544		25,604		(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