HOUSTON, July 7, 2011 (GLOBE NEWSWIRE) — Energy XXI Gulf Coast, Inc. (the “Company”), the operating subsidiary of Energy XXI (Bermuda) Limited (Nasdaq:EXXI) (LSE:EXXI) announced today that it has extended the expiration date for its previously announced exchange offer relating to its outstanding 0,000,000 aggregate principal amount of 9.25% Senior Notes due 2017 (the “Notes”), which commenced on June 6, 2011.
The exchange offer, which was initially set to expire at 5:00 p.m., New York City time, on July 6, 2011, has been extended until 5:00 p.m., New York City time, on Friday, July 8, 2011. Holders of the Notes previously tendered for exchange shall have the right to withdraw tenders of Notes at any time prior to the expiration of the exchange offer. As of July 6, 2011, holders of 9,000,000, or 99% , of the outstanding principal amount of the Notes have tendered their Notes for exchange.
About the Company
Energy XXI is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company’s properties are located in the U.S. Gulf of Mexico waters and the Gulf Coast onshore. Seymour Pierce is Energy XXI’s listing broker in the United Kingdom.
The Energy XXI logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3587
CONTACT: ENQUIRIES OF THE COMPANY
Energy XXI
Stewart Lawrence
Vice President, Investor Relations and Communications
713-351-3006
slawrence@energyxxi.com
Greg Smith
Director, Investor Relations
713-351-3149
gsmith@energyxxi.com
Seymour Pierce
Nominated Adviser: Jonathan Wright,
Jeremy Porter
Corporate Broking: Richard Redmayne
Tel: +44 (0) 20 7107 8000
Pelham Bell Pottinger
James Henderson
jhenderson@pelhambellpottinger.co.uk
Mark Antelme
mantelme@pelhambellpottinger.co.uk
+44 (0) 20 7861 3232
http://bit.ly/nUFjaV
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