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Reserves: 1.5 B bbl. oil

Endeavor Energy Corp., Calgary, (OTCBB: ENEC) has acquired the Victoria Permit 60 exploration area in Australia from Australia-Canadian Oil Royalties Ltd., Kamon Group et al. and Bass Strait Partners LLC for US$637,068 in cash and approximately US$1.2 million in stock in a total deal valued at US$1.8 million. The assets cover approximately 342,000 acres in the Gippsland Basin offshore Victoria. Endeavor has partnered with Odessa, Texas-based Holloman Corp. on the project. The companies have identified six prospective leads. Potential reserves are 1.5 billion barrels of oil. Endeavor holds 62.5% of the concession and Hollomon holds the remainder.