Oil and Gas Plays

[lowman]

ENDE--.05-- EnDevCo signs Farmin agreement
11/29/05

Nov 29, 2005 (M2 EQUITYBITES via COMTEX) --
EnDevCo Inc (OTC Bulletin Board:ENDE), an energy development company, announced on 28 November details of a new Farmin agreement. This agreement covers operational rights on the East Cameron Block 71 located in Federal OCS Waters offshore South Louisiana. EnDevCo has obtained the necessary debt financing for the project and has identified a rig to start the initial well re-completion.

The company also has access to the production platforms on East Cameron Block 71/72 Field drilling currently in operation. The previously acquired 3D seismic over East Cameron Block 71 will be utilised to identify additional drilling locations. EnDevCo has designated Open Choke Energy LLC as the project operator. If re-entry is not successful EnDevCo has the right to drill a replacement well to test the OC sand within a reasonable time frame. The agreement was secured from Noble Energy Inc, Mariner Energy Inc and Entech Enterprises Inc. Before payout, Noble, Mariner and Entech will together retain a total 8.33% overriding royalty interest which can be converted at their option to a 25% working interest after payout. Under a joint participation agreement between EnDevCo and Open Choke, EnDevCo will earn one-third and Open Choke will earn two-thirds of the rights in this farm-out.