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Endeavor Power Corp.: Endeavor Power Prepares to Commence Work on Texas Project-Deepening of First 3 Wells Imminent

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^{Published in Business and Finance on Tuesday, August 11th 2009 at 6:30 GMT, Last Modified on 2009-08-11 06:30:15 by Market Wire}  

GREGG COUNTY, TEXAS--(Marketwire - Aug. 11, 2009) - Endeavor Power Corp. (OTCBB:EDVP) is pleased to announce that work has begun on all six (6) wells in the Randle Fair Christian Lease (the "Lease") located in Gregg County, Texas. All Lease operations will be conducted by M-C Production & Drilling Company, Inc.

Togs Energy, Inc., a wholly owned subsidiary of TXO, PLC, a Texas based oil and gas company with interests in over 348 wells in Eastern Texas, has advised that the necessary equipment is on site and additional pipe and tanks are arriving daily.

To date, Endeavor has tendered a total of approximately $300,000 to Togs Energy per the terms of the Joint Venture Agreement as payment in full for the deepening of the first 3 wells.

For additional information, please visit [ www.endeavorpowercorp.com ].

About TXO, PLC

TXO is a publicly listed company on the AiM Exchange in London (symbol: TXO), TXO produced over 41,000 barrels of oil in 2008 up significantly from its listing on AiM in 2002. Reserves are estimated to be at 10.4 million barrels of oil in this East Texas Oil Field. TXO management has many years of experience in the field and is well respected in the industry. Endeavor looks forward to building a strong relationship with TXO and M-C Operating.

About Endeavor Power Corp.

Endeavor Power Corp. is an independent energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States. Endeavor's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. Endeavor also aims to define larger projects that can be developed with Joint Venture partners.

Legal Notice Regarding Forward-Looking Statements

Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior oil and gas exploration companies with the US Securities and Exchange Commission.