Energy XXI Declares Quarterly Preferred Stock Dividends
HOUSTON, May 14, 2012 (GLOBE NEWSWIRE) -- Energy XXI (EXXI) (LSE:EXXI) today announced its Board of Directors declared a $1.8125 per share quarterly dividend on its shares of 7.25% Convertible Perpetual Preferred Stock, which have a face value of $100 per share, and a $3.5156 per share quarterly dividend on its shares of 5.625% Convertible Perpetual Preferred Stock, which have a face value of $250 per share.
Dividends on both issues will be paid in cash on June 15, 2012 to the holders of record on June 1, 2012. The company currently has 8,000 shares of its 7.25% Convertible Perpetual Preferred Stock outstanding and 814,220 shares of its 5.625% Convertible Perpetual Preferred Stock outstanding.
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 Jonathan Wright - Corporate Finance Richard Redmayne - Corporate Broking 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