Q3 2010 Earnings Call – Energy XXI Gulf Coast, Inc

Energy XXI Gulf Coast, Inc · May 6, 2010 · 9 slides

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Slides

Fiscal 3rd Quarter 2010 Conference Call May 6, 2010 NASDAQ: EXXI AIM: EXXI www.energyxxi.com 050610
Fiscal 3rd Quarter Review John D. Schiller, Jr. Chairman and CEO 3
Operating Data Per BOE Quarter Ended 3/31/09 6/30/09 9/30/09 12/30/09 3/31/10 MBOE/d 20.7 18.7 15.5 20.9 25.4 Oil % 60% 64% 65% 68% 68% Revenue (Pre-hedge) 35.97 43.50 47.64 57.53 65.65 LOE Insurance Expense 2.68 2.56 4.18 4.06…
Debt Maturities* 400 Net Debt 690MM 350MM Revolver 350 339 300 277 Second Lien 250 High Yield MM 200 246MM AVAILABLE 150 100 30MM Letters of Credit (MMS Bonding) 3MM LCs 50 Revolver net of cash Libor +…
Ultra-Deep Shelf Update Progressing on/ahead of Schedule Davy Jones 2 drilling below 5,000 Blackbeard East drilling below 15,200 Next casing point 16,500 Davy Jones 1 Moving toward completion Likely to go straight to production…
Gulf of Mexico Shelf History Industry: 63 Years and 62,000+ Wells Drilled Decades of excellent safety records Energy XXI has consistently outperformed industry averages The infrequency of big spills is extraordinary considering…
Ultra Deep Shallow Shelf vs Deepwater
Aftermath of a Tragedy No Material Impact Expected Production and drilling continue, unaffected Permitting of new wells appears normal 9
Contact: Stewart Lawrence, IRO Energy XXI (Bermuda) Limited 1021 Main Street, Suite 2626 Houston, TX 77002 (713) 351-3006 slawrenceenergyxxi.com NASDAQ: EXXI AIM: EXXI, EXXS www.energyxxi.com 10