Lookout Exxon & BP!!! ENEC Closes Strong after Acquisition News
Shares of Endeavor Energy Corporation (OTCBB: ENEC) jumped up today after news about its acquisition of Australian Oil and Gas surfaced. ENEC closed up 29 cents (21 percent) at $1.64 per share on volume of just over 287,000 shares. ENEC announced earlier today in a press release that it has officially acquired Australian Offshore Oil and Gas Concession Vic/P60. The company had originally entered an agreement to purchase the promising oil and gas concession on April 18, 2007. The Vic/P60 concession is comprised of 342,000 acres in the prolific Gippsland Basin off the coast of Victoria, Australia - a region…