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Energy XXI (Bermuda) Limited Management Discusses Q4 2012 Results - Earnings Call Transcript

Energy XXI (Bermuda) Limited (EXXI)

Q4 2012 Earnings Call

August 09, 2012 10:00 am ET


Stewart Lawrence - Vice President of Investor Relations and Communications

John Daniel Schiller - Chairman and Chief Executive Officer

David West Griffin - Chief Financial Officer

Ben Marchive - Executive Vice President of Exploration and Development

Nelson Steve


Duane Grubert - Susquehanna Financial Group, LLLP, Research Division

Michael A. Glick - Johnson Rice & Company, L.L.C., Research Division

Mark Lear - Crédit Suisse AG, Research Division

Joseph Patrick Magner - Macquarie Research

Michael Kelly - Global Hunter Securities, LLC, Research Division

Biju Z. Perincheril - Jefferies & Company, Inc., Research Division

Joan E. Lappin - Gramercy Capital Management Corp.

David Deckelbaum - KeyBanc Capital Markets Inc., Research Division



Good day, ladies and gentlemen, and welcome to the Energy XXI Fiscal Fourth Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to introduce our host for today, Mr. Stewart Lawrence, Vice President of Investor Relations. Sir, please go ahead.

Stewart Lawrence

Thank you, Karen. Welcome to the call, everyone. Presenting today, we have John Schiller, Chairman, Founder, CEO; and West Griffin, Chief Financial Officer; Ben Marchive, Executive Vice President of Exploration and Production. We'll be available to answer questions at the end of the call.

Before we get started, I need to remind everyone that our remarks today, including answers to your questions, include statements that we believe to be forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from those currently anticipated. Those risks include, among others, matters that we've described in our earnings release issued last night and in our public filings. We disclaim any obligation to update these forward-looking statements. While the company believes these forward-looking statements are reasonable, they are subject to factors such as commodity prices, competition, technology and environmental and regulatory compliance. Our drilling schedules, capital plans and other factors may cause our results to differ materially. I urge you to read our latest 10-Q and the forthcoming 10-K to become better familiar with these risks and our company.

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