Energy XXI Appoints Antonio De Pinho As SVP Of Joint Ventures

HOUSTON, Aug. 30, 2012 (GLOBE NEWSWIRE) -- Energy XXI (Nasdaq:EXXI) (LSE:EXXI) today announced the appointment of Antonio De Pinho to senior vice president of joint ventures and technology effective Sept. 4, 2012.

De Pinho has more than 20 years of experience in international oil and gas operations, most recently as vice president of western division and international exploration and production at El Paso Corporation. He also held the position of vice president of international business development at Devon Energy. Prior experience includes positions of increasing responsibility at Texaco, Partex Oil & Gas, Western Atlas International, and Ocean Energy before that company's acquisition by Devon in 2003.

"Adding Antonio to the senior management team allows Energy XXI to pursue joint venture opportunities both within the company's core operating areas and, eventually, internationally," Chairman and Chief Executive Officer John Schiller said. "In a competitive acquisition market, Antonio has the experience and contacts to help capture deals that can add immediate value and future growth potential to the company."

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         slawrence@energyxxi.com                  Greg Smith         Director, Investor Relations         713-351-3149         gsmith@energyxxi.com                  Seymour Pierce         Nominated Adviser: Jonathan Wright         Corporate Broking: Richard Redmayne         Tel: +44 (0) 20 7107 8000                  Pelham Bell Pottinger         James Henderson         jhenderson@pelhambellpottinger.co.uk         Mark Antelme         mantelme@pelhambellpottinger.co.uk         +44 (0) 20 7861 3232

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