Research Desk Line-up: Erin Energy Post Earnings Coverage
LONDON, UK / ACCESSWIRE / August 28, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Energy XXI Gulf Coast, Inc. (NASDAQ: EXXI), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=EXXI. The Company announced on 24 August, 2017, that it has appointed Tiffany J. ("T.J.") Thom as Chief Financial Officer (CFO) of the Company, effective August 28, 2017. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Headquartered in Houston, Energy XXI Gulf Coast also announced that in light of Ms. Thom's appointment, Hugh Menown has resigned as Executive Vice President, Chief Accounting Officer, and Interim CFO to pursue other interests. However, Mr. Menown has agreed to serve as an advisor to the Company during a transition period.
Tiffany J. ("T.J.") Thom's Credentials
Ms. Thom has more than 20 years of financial and operational experience in the energy industry, primarily offshore Gulf of Mexico operations. Most recently, Ms. Thom served as the CFO of KLR Energy Acquisition Corp. from January 2015 until April 2017, when it was combined with Tema Oil and Gas Co. to form Rosehill Resources Inc.
Ms. Thom served in a number of positions for EPL Oil & Gas, Inc. ("EPL") from October 2000 until its June 2014 acquisition by the Company's predecessor, Energy XXI Ltd. Ms. Thom served as Executive Vice President and CFO at EPL from July 2009 until the acquisition. From 1992 to 2000, Ms. Thom served as Senior Reservoir Engineer for Exxon Production Co. and ExxonMobil Co. with operational roles, including reservoir engineering and sub surface completion engineering for numerous offshore Gulf of Mexico properties.
Ms. Thom has served as a director of Patterson-UTI Energy Inc. since August 2014. From October 2015 to October 2016, Ms. Thom served as a director of Yates Petroleum Corp. ("Yates"), a privately owned, independent oil and gas exploration and production Company. During her tenure as a Yates Director, Ms. Thom worked with Douglas E. Brooks, Energy XXI Gulf Coast's current Chief Executive Officer (CEO) and President, who was serving as Yates' CEO. Ms. Thom holds a B.S. in Engineering from the University of Illinois and a Masters of Business Administration in Management with a concentration in Finance from Tulane University.
Energy XXI Gulf Coast Welcomes the Appointment
Energy XXI Gulf Coast's management believes that her experience and proven leadership, as well as her familiarity with a significant portion of the Company's asset base, will serve Energy XXI Gulf Coast.
The Company's CEO and President, Douglas E. Brooks commented:
"On behalf of our Board of Directors and the senior management team, we are extremely pleased to welcome T.J. as our Chief Financial Officer. Having worked with T.J. before when she served on the Yates Board of Directors, I have seen her talents, her breadth of knowledge about the oil and gas industry, and her commitment to strong corporate governance and controls."
Mr. Brooks continued:
"I would also like to thank Hugh for his valuable service to the Company during his tenure here. For over 11 years, he has worked tirelessly in a number of key financial leadership roles and, most recently, was instrumental in facilitating the Company's emergence from restructuring. On behalf of all of us at EGC, we wish him well in his future endeavors."
About Energy XXI Gulf Coast
Energy XXI Gulf Coast is an independent oil and natural gas development and production Company whose assets are primarily located in the US Gulf of Mexico waters offshore Louisiana and Texas. The Company's near-term strategy emphasizes exploitation of key assets, enhanced by its focus on financial discipline and operational excellence.
Last Close Stock Review
At the close of trading session on Friday, August 25, 2017, Energy XXI Gulf Coast's stock price declined 3.29% to end the day at $10.87. A total volume of 181.89 thousand shares were exchanged during the session. At Friday's closing price, the stock's net capitalization stands at $373.38 million.
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SOURCE: Pro-Trader Daily