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

 

84,219,406

Warrants

 

77,389,877

Approximately 15% of the common shares and 5% of the warrants are held by Energy XXI management and directors. Insofar as the company is aware, another 16% of the common shares and 29% of the warrants are held by investors (included below) who individually own 10% or more of those securities. As a result, 31% of the common shares and 34% of the warrants are deemed to be not in public hands.

Below is a list of significant holders (Updated Aug. 14, 2007)

Shareholder

 

Shares Held

 

84,219,406

Morstan Nominees Limited

 

13,507,336

 

16.04%

Windmill Master Fund LP

 

7,300,001

 

8.67%

Mr John Daniel Schiller Jr

 

5,991,700

 

7.11%

HSBC global Custody Nominee (UK) Limited 981685 Acct

 

4,999,998

 

5.94%

The Bank of New York (Nominees) Limited

 

4,556,582

 

5.41%

Seneca Capital International LTD

 

4,432,235

 

5.26%

Mr Steven Albert Weyel

 

2,600,000

 

3.09%

 

 

 

 

 

Warrantholder

 

Warrants Held

 

77,389,872

Morstan Nominees Limited

 

22,440,437

 

29.00%

Seneca Capital International LTD

 

7,588,370

 

9.81%

Windmill Master Fund LP

 

7,300,000

 

9.43%

Jefferies International (Nominees) Client Account Limited

 

6,536,137

 

8.45%

Gracie Capital LP

 

4,000,000

 

5.17%

Goldman Sachs Securities (Nominees) Limited

 

3,627,500

 

4.69%

The Exploitation Company LLP

 

2,600,000

 

3.36%