Explorer nets £16m for future Endeavour
OIL explorer Endeavour International has secured $25 million (£16m) from Lloyds Banking Group to further its growth in the upstream sector.
Commenting on the funding, which has been provided through Bank of Scotland, Andrew Moorfield, head of oil and gas at Lloyds, said: "We have great faith in Endeavour's management team and strategy, and look forward to continuing our long-standing and close work with them."
Endeavour is focused on the acquisition, exploration and development of energy reserves in the North Sea and the US.
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Tuesday 14 February 2012
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