Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) Files An 8-K Results of Operations and Financial Condition
Item 2.02.
|
Results of Operations and Financial Condition. |
On May 22, 2017, Energy XXI Gulf Coast, Inc. (the Company) issued
a press release disclosing operational and financial results for
the first quarter of 2017. A copy of the press release is
attached as Exhibit 99.1 to this Current Report on Form 8-K (this
Form 8-K).
| Item7.01 | Regulation FD Disclosure |
See Item 2.02 Results of Operations and Financial Condition
above.
Effective as of May 22, 2017, the Company posted an investor
presentation to its website in the Events and Presentations
section of the Investor Relations tab
athttp://ir.energyxxi.com/earnings_call.cfm.The Company
undertakes no obligation to update this information, including
any forward-looking statements, to reflect subsequently occurring
events or circumstances.A copy of the investor presentation is
attached as Exhibit 99.2 to this Form 8-K.
The information in this Form 8-K, including Exhibits 99.1 and
99.2 attached hereto, is being furnished and shall not be deemed
filed for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the Exchange Act), or otherwise subject
to the liabilities of that Section, nor shall it be deemed
subject to the requirements of amended Item 10 of Regulation S-K,
nor shall it be deemed incorporated by reference into any filing
of the Company under the Securities Act of 1933, as amended, or
the Exchange Act, whether made before or after the date hereof,
regardless of any general incorporation language in such filing.
The furnishing of this information hereby shall not be deemed an
admission as to the materiality of any such information.
| Item 9.01 | Financial Statements and Exhibits |
|
Exhibit Number |
Description |
|
| 99.1 | Press release dated May 22, 2017 | |
| 99.2 | Investor presentation dated May 22, 2017 |
About Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI)
Energy XXI Gulf Coast, Inc. (EGC) is an independent oil and natural gas development and production company which was focused on development drilling on the Company’s core properties. The Company’s properties are located in the United States Gulf of Mexico waters and the Gulf Coast onshore. The Company operates nine oilfields on the Gulf of Mexico Shelf. As of December 31, 2016, total proved reserves were 121.9 million barrels of oil equivalents (MMBOE) of which 78% were crude oil. The Company operated in 616 gross producing wells on 439,294 net developed acres, including interests in 57 producing fields. The Company’s projects include Main Pass Complex, West Delta, Ship Shoal, Grand Isle and South Timbalier. The Main Pass complex is located in approximately 100 feet of water near the mouth of the mississippi river. It includes Main Pass 61 field and Main Pass 73 field along with the Main Pass 296 and 311. Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) Recent Trading Information
Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) closed its last trading session 00.00 at 26.70 with 71,936 shares trading hands.
