Energy XXI Gulf Coast, Inc. Extends 9.25% Senior Notes due 2017 Offer for Exchange
HOUSTON � July 7, 2011 � Energy XXI Gulf Coast, Inc. (the �Company�), the operating subsidiary of Energy XXI (Bermuda) Limited (NASDAQ: EXXI) (AIM: EXXS, EXXI), announced today that it has extended the expiration date for its previously announced exchange offer relating to its outstanding $750,000,000 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 $749,000,000, or 99% , of the outstanding principal amount of the Notes have tendered their Notes for exchange.
About the Company
Energy XXI is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company's properties are located in the U.S. Gulf of Mexico waters and the Gulf Coast onshore. Seymour Pierce is Energy XXI's listing broker in the United Kingdom.
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Energy XXI
1021 Main Street One City Centre
Houston, TX 77002
US .
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Energy XXI
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EXPLORATEUR |
CODE : EXXI |
ISIN : BMG100821401 |
CUSIP : G10009101 |
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Energy X X I est une société d’exploration minière et de pétrole basée aux Etats-Unis D'Amerique. Son principal projet en exploration est VERDA RAGEN en USA. Energy X X I est cotée au Royaume-Uni et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 370,4 millions US$ (302,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 18 septembre 2009 à 9,63 US$, et son plus bas niveau récent le 15 avril 2016 à 0,12 US$. Energy X X I possède 95 459 002 actions en circulation. |