Energy XXI Reinstates Quarterly Dividend on Common Shares
HOUSTON, May 2, 2012 (GLOBE NEWSWIRE) -- Energy XXI (EXXI) (LSE:EXXI) today announced its board of directors has declared a regular quarterly cash dividend of $0.07 per share of common stock, to be paid on June 15, 2012 to shareholders of record on June 1, 2012.
The board of directors will determine future dividends for Energy XXI common stock on a quarterly basis, with the amount dependent upon earnings, financial condition, capital requirements and other factors.
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. To learn more, visit the Energy XXI website at www.EnergyXXI.com .
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 firstname.lastname@example.org Greg Smith Director, Investor Relations 713-351-3149 email@example.com Seymour Pierce Nominated Adviser: Jonathan Wright Corporate Broking: Richard Redmayne Tel: +44 (0) 20 7107 8000 Pelham Bell Pottinger James Henderson firstname.lastname@example.org Mark Antelme email@example.com +44 (0) 20 7861 3232