HOUSTON, May 6, 2013 (GLOBE NEWSWIRE) -- Energy XXI (Nasdaq:EXXI) (LSE:EXXI) today announced its Board of Directors declared a quarterly dividend of $0.12 per share of common stock, representing a 71 percent increase from the previous rate. The dividend is to be paid on June 14, 2013 to shareholders of record on May 31, 2013. The company currently has 79,374,772 shares of common shares outstanding. The Board of Directors will determine future dividends for Energy XXI common stock on a quarterly basis, with the amount dependent upon earnings, financial condition, capital requirements and other factors.
CONTACT: ENQUIRIES OF THE COMPANY Energy XXI Stewart Lawrence Vice President, Investor Relations and Communications 713-351-3006 email@example.com Greg Smith Director, Investor Relations 713-351-3149 firstname.lastname@example.org Cantor Fitzgerald Europe Nominated Adviser: David Porter, Rick Thompson Corporate Broking - Richard Redmayne Tel: +44 (0) 20 7894 7000 Pelham Bell Pottinger James Henderson email@example.com Mark Antelme firstname.lastname@example.org +44 (0) 20 7861 3232