Energy XXI Announces Private Exchanges

HOUSTON, Oct. 14, 2010 (GLOBE NEWSWIRE) — Energy XXI (Nasdaq:EXXI)�(LSE:EXXI) (the “Company”) today announced unsolicited transactions 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 347,500 total shares of Preferred Stock. Of the total, 150,000 shares of the Preferred Stock [...] http://bit.ly/b7sStZ