QUANTUMONLINE.COM SECURITY DESCRIPTION:  Energy XXI (Bermuda) Limited, 7.25% Convertible Perpetual Preferred Stock, liquidation preference $100 per share, not redeemable at the issuer's option at any time, and with no stated maturity. Cumulative distributions of 7.25% ($7.25) per annum are paid quarterly in cash or stock on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by these preference shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page S-108 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 43.8596 (post split 8.77192) common shares of Energy XXI (Bermuda) Limited (Nasdaq: EXXI), an initial conversion price of approximately $2.28 (post split $11.40) per common share. On or after 12/15/2014, if the price of the common stock exceeds 150% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, cause the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	7.25% $7.25	$100.00 $100.00	12/15/2014 None	NF NF 11/18/2015	8.77192 $11.40	Suspended! 3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Notes:  December 30, 2016 -- Energy XXI Ltd (Energy XXI today announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Through this process, Energy XXI has substantially improved its financial position by eliminating more than $3.6 billion of debt from its balance sheet. In accordance with the restructuring plan, Energy XXI Gulf Coast, Inc. (EGC), as successor to Energy XXI, has appointed a new Board of Directors. Effectively immediately, Energy XXI common stock will cease trading on the OTC Market. EGC will have approximately 33 million shares outstanding after the reorganization issued pursuant to the restructuring plan. EGC will continue to file Exchange Act reports and expects to pursue a listing on the OTCQB Market as soon as it is able to meet the listing criteria._____________On April 14, 2016, Energy XXI Ltd, a Bermuda exempted company, Energy XXI Gulf Coast, Inc., an indirect wholly-owned subsidiary of the Company (“EGC”), EPL Oil & Gas, Inc., an indirect wholly-owned subsidiary of the Company (“EPL”) and certain other subsidiaries of the Company listed on Schedule 1 of the Restructuring Support Agreement (as defined below) (together with the Company, EGC and EPL, the “Debtors”) filed voluntary petitions for reorganization in the United States Bankruptcy Court for the Southern District of Texas, Houston Division seeking relief under the provisions of chapter 11 of Title 11 of the United States Code under the caption In re Energy XXI Ltd, et al., Case No. 16-31928. Prior to filing the Bankruptcy Petitions, on April 11, 2016, the Debtors entered into a Restructuring Support Agreement with certain holders (the “Second Lien Noteholders”) of EGC’s 11.000% Senior Secured Second Lien Notes due 2020, providing that the Second Lien Noteholders party thereto will support a restructuring of the Debtors, subject to the terms and conditions of the Restructuring Support Agreement. The restructuring transactions contemplated by the Restructuring Support Agreement will be effectuated through a joint prearranged plan of reorganization in accordance with the terms and conditions of the term sheet dated April 11, 2016, a copy of which is attached as Exhibit A to the Restructuring Support Agreement (as may be amended, restated, supplemented, or otherwise modified from time to time, the “Plan”). The Plan will represent a settlement of various issues, controversies, and disputes. Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Restructuring Support Agreement. The Restructuring Support Agreement provides, among other things, that: • Existing common stock and preferred stock of the Company would be extinguished, and existing equity holders would not receive consideration in respect of their equity interests. ____________ Nov. 19, 2010 -- Energy XXI (Bermuda) Limited today announced the results of its offer to exchange, on the terms and subject to the conditions set forth in the offer to exchange, dated October 21, 2010, as supplemented by the First Supplement to Offer to Exchange, dated November 3, 2010, and the Second Supplement to Offer to Exchange, dated November 10, 2010, and related Letter of Transmittal, any and all shares of the Company's outstanding 7.25% Convertible Perpetual Preferred Stock for newly issued shares of the Company's common stock and a cash payment. The Offer, which expired at midnight, New York City time, on November 18, 2010, provided that for each share of Preferred Stock validly tendered, and not validly withdrawn, before the expiration, holders received (i) 8.77192 shares of the Company's common stock and (ii) a cash payment of $19.00. In total, 517,970 of the 680,500 shares of Preferred Stock previously outstanding were exchanged in the Offer. As a result of the Offer, the Company will issue 4,543,583 shares of the Company's common stock. Upon closing the Offer only 162,530 shares of Preferred Stock remain outstanding. ____________ In January 2010, the board of directors approved a 1:5 stock consolidation or reverse stock split effective January 29, 2010. After the split, the Convertible Preferred Stock is convertible into 8.77192 shares of the Company’s common stock or approximately $11.40 per share. On or after December 15, 2014, the Company may cause the Convertible Preferred Stock to be automatically convertible into common stock at the then prevailing conversion rate if, for at least 20 trading days in a period of 30 consecutive trading days, the daily average price of the Company’s common stock equals or exceeds 150% of the then-prevailing conversion price (currently $17.10). ____________ The company does not currently intend to apply for listing of the convertible preferred stock on any securities exchange or stock market.

Company's Online Information Links

HOME PAGE:     http://www.energyxxi.com/
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Company's Email Address Links

Email Address	slawrence@energyxxi.com
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Foreign Address and Phone Numbers

Address:   Canons Court, 22 Victoria Street, P.O. Box HM 1179, Hamilton, HM EX, Bermuda

Address and Phone Numbers

U.S. Representative	Energy XXI U.S.A., Inc
Address:   1021 Main, Suite 2626, Houston, TX 77002
Main Phone Number	713-351-3000
Fax Number	713-351-3300
Investor Relations   Stewart Lawrence	713-351-3006
Toll Free Phone Number	Unknown

CEO - John D. Schiller, Jr.

CFO - David West Griffin