2009-09-18-2009-07-22
JV to earn 75% WI in Randle Fair Christian lease in Gregg Co., TX.
Endeavor Power Corp., Kennesaw, Georgia, (OTCBB: EDVP) has entered into a joint venture with Togs Energy Inc., a subsidiary of Texas-based TXO Plc (London AIM: TXO) to rework, further develop and complete six wells in the Randle Fair Christian lease in Gregg County, Texas, in a deal valued at approximately $600,000. In exchange for a cash investment of $600,000, Endeavor will receive a 75% working interest. The joint venture joint venture may be expanded to include other leases. All operations will be conducted by M-C Production & Drilling Co. Inc.