Share Repurchase Value Creation Category1 (in MMs except per unit amounts) PV-10 /Share2 55.48 Proved Developed Reserves 3,554 40.52 Proved Undeveloped Reserves 2,596 29.60 Net Debt3 (1,258) (14.34) Total Proved NAV 4,892 55.77…
Image goes here John Schiller, Chairman & CEO OPERATIONS UPDATE 9
WD 73 Horizontal Growth West Delta 73 Historical Production 8000 Crude Gas Horizontals 6000 Hurricane Isaac Net BOE/d 4000 2000 0 Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 11 11 11 11 12 12 12 12 13 13 13 13…
Ramping Up Development Drilling FY14 FY14 FY15 FY15 Field FY15 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter WD 73 7 Horizontal Wells Nabors P-17 WD 73 5 Horizontal Wells, 1 Development Well, 1 Injector Well Mod 150 WD 30 1 Dev…
Joint Venture Update Main Pass 295 Heron discovered 100 net feet of oil pay Currently drilling a delineation well down dip WAZ seismic data acquisition completed Vermilion Analyzing data from Merlin Evaluating path forward…
Focused Growth Big oil fields keep getting bigger Repeatable and predictable programs Strong people and technology to execute Committed to turning PUDs into PDP Exploration plays expose EXXI to game-changing upside 13
Image goes here Q&A 14
Contact Stewart Lawrence, IRO Greg Smith, Director of IR Energy XXI Energy XXI 1021 Main Street, Suite 2626 1021 Main Street, Suite 2626 Houston, Texas 77002 Houston, Texas 77002 713.351.3006 713.351.3149 slawrenceenergyxxi.com…