Energy XXI Announces Private Exchange

HOUSTON, Oct. 7, 2010 (GLOBE NEWSWIRE) — Energy XXI (Nasdaq:EXXI) (LSE:EXXI) (the “Company”) today announced an unsolicited transaction with holders of the Company’s 7.25% Convertible Perpetual Preferred Stock (the “Preferred Stock”) to issue shares of the Company’s common stock in exchange for 72,000 shares of Preferred Stock. The total shares issued will be based upon [...] http://bit.ly/ajalCf