Energy XXI is an independent oil & natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program.

Securities Outstanding

Energy XXI securities in issue are as follows:

Common Shares

  

50,819,116

Approximately 5.4% of the common shares are held by Energy XXI management and directors. Insofar as the company is aware, 0% of the common shares are held by investors (included below) who individually own 10% or more of those securities. As a result, 5.4% of the common shares are deemed to be not in public hands.

Below is a list of significant holders (Updated 12/31/09)

Shareholder

  

Shares Held

  

50,819,116

Mount Kellett Capital Management, LP

  

4,224,905

 

8%

MSD Capital, L.P.

  

3,078,085

  

6%

Omega Advisors, Inc.

  

2,744,480

  

5%

M&I Investment Management Corp.

  

2,000,000

  

4%

Friess Associates LLC

  

1,500,000

  

3%

Soros Fund Management, L.L.C.

  

1,220,000

  

2%

Artemis Investment Management Ltd.

  

1,000,000

  

2%

Orange Capital, LLC

  

971,797

  

2%

Serengeti Asset Management LP

  

900,000

  

2%

S.A.C. Capital Advisors, LP

  

900,000

  

2%