Energy XXI Announces Cash Dividend

• Press Release
• Source: Energy XXI
• On 7:01 pm EST, Monday February 9, 2009

HOUSTON, Feb. 9, 2009 (GLOBE NEWSWIRE) -- Energy XXI (Bermuda) Limited (NasdaqCM:EXXI - News) (AIM:EXXI) today announced that its board of directors has declared a regular quarterly cash dividend on the company's common stock.

Related Quotes

Symbol	Price	Change
EXXI	2.45	+0.06

{"s" : "exxi","k" : "c10,l10,p20,t10","o" : "","j" : ""}

A dividend of $.005 per share was declared on the company's outstanding unrestricted and restricted common stock, payable March 13, 2009, to stockholders of record at the close of business on Feb. 20, 2009.

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.

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. Collins Stewart Europe Limited and Tristone Capital Limited are Energy XXI listing brokers in the United Kingdom. To learn more, visit the Energy XXI website at http://www.energyxxi.com.

The Energy XXI logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3587

          Energy XXI (Bermuda) Limited
          Stewart Lawrence, Vice President, Investor Relations and 
           Communications
          +1 713-351-3006
          slawrence@energyxxi.com 

          Collins Stewart Europe Limited
          Nominated Adviser and Joint UK Broker
          Piers Coombs, Stewart Wallace
          +44 207 523 8350
          pcoombs@collinsstewart.com

          Pelham PR
          James Henderson
            +44 207 743 6673
            james.henderson@pelhampr.com
          Mark Antelme
            +44 203 178 6242
            mark.antelme@pelhampr.com