Beacon Equity Research Highlights Endeavor Energy Corp. (ENEC.OB)
From its beginning, Endeavor Energy has focused on increasing land position and production. The company produces 125 BOED barrels of oil equivalent and plans to add another 1,500 to 2,000 BOED with an $11.5 million 2007-drill campaign. Endeavor believes it will produces over 4,000 BOED and targets revenues at $25 million by next year. The company plans to increase revenues and production by identifying and developing unconventional resources, exploring high-potential basins, and by preserving financial flexibility. Approximately 90% of the company’s production is from Canada and it is actively pursuing ways to increase the current production. The analyst concluded the report…