Bayerngas acquire Endeavour Energy's interest in Cygnus for US$110 million
On 31 August 2010, Endeavour Energy announced the sale of a 12.5% interest in the Cygnus field to Bayerngas. Under the terms of the agreement Bayerngas paid £72 million (US$110 million) in cash for Endeavour's interest. The sale was completed on 19 October 2010. The effective date of the transfer of the interest was 1 July 2010. Parties Consideration Buyer(s) Bayerngas Total Consideration (US$M) Sellers(s) Endeavour Energy Payment Method ...