PanTerra Announces Increase to Bought-Deal Financing from $100 Million to $130 Million

CALGARY, ALBERTA--(Marketwired - June 12, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE:PRC) is pleased to announce that it has increased its previously announced bought deal financing with a syndicate of underwriters (collectively, the "Underwriters") co-led by Desjardins Capital Markets and TD Securities Inc. (together, the "Co-Lead Underwriters") and including Raymond James Ltd., Beacon Securities Limited, Haywood Securities Inc., CIBC World Markets Inc., and Clarus Securities Inc. (collectively with the Co-Lead Underwriters, the "Underwriters"), whereby the Corporation will now issue 500,000,000 Subscription Receipts at a price of $0.26 per Subscription Receipt for aggregate gross proceeds of $130.0 million (the "Offering").

Questerre Spuds Second 100% Well in Kakwa

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS

Questerre Energy Corporation ("Questerre" or the "Company") (QEC.TO)(QEC.OL) is pleased to report that it has recently spud its second 100% working interest well in the Kakwa-Resthaven area of west-central Alberta.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "This is an important well for us as it is the first well on our 100% seven-section block in Kakwa North. We have licensed additional locations and plan to drill up to two more wells on this block in 2014."

Offsetting our joint venture producing block, the 14-29-63-6W6M well ("14-29" Well) will target the liquids-rich Montney formation. It is programmed to be drilled to a measured depth of approximately 5900m including a horizontal leg of approximately 2000m. Drilling is expected to take approximately two months.

Endeavour Comments on Stock Price and Updates Q2 2014 Guidance

HOUSTON, June 10, 2014 -- Endeavour International Corporation (END) (ENDV.L) today announced that it has received numerous calls from analysts and investors making inquiries regarding recent market activity in the Company's stock. Management of the Company is unaware of any reason why recent trading of the stock has resulted in a significant decrease in its price over the last few days.

William L. Transier, the Company's Chairman, President and Chief Executive Officer, stated: "Endeavour remains committed to generating value for its shareholders through exploitation of our assets, operational efficiencies and managing the capital structure. Since our last update to the market in early May, our three large U.K. assets have been online and producing at consistent rates.  As a result, we are revising our second quarter production guidance to 10,500-11,500 barrels of oil equivalent per day ("boepd") up from our previous guidance of 9,000-10,000 boepd.