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Energy XXI (Bermuda) Limited (NASDAQ:EXXI)

About Energy XXI (Bermuda) Limited (NASDAQ:EXXI) Energy XXI (Bermuda) Limited (Energy XXI) is an independent oil and natural gas exploration and production company with operations focused in the United States Gulf Coast and the Gulf of Mexico. As of June 30, 2010, the Company’s estimated net proved reserves were 75.6 million barrels of oil equivalent (MBOE), of which 63%was oil and 70%was proved developed. Its core properties at June 30, 2010, were Main Pass61 Field, South Timbalier 21 Field, Viosca Knoll 1003 Field, South Pass49 Field and Main Pass 73/74 Field. Energy XXI’s average daily production for the fiscal year ended June 30, 2010 (fiscal 2010), was 21.8 MBOEper day, of which 67.4%was oil. The Company operates or has an interest in 287 producing wells in 51 producing fields. In November 2009, Energy XXI acquired certain Gulf of Mexico shelf oil and natural gas interests from MitEnergy Upstream LLC (MitEnergy), a subsidiary of Mitsui & Co., Ltd.


Statistics Symbol

EXXI

EPS:

0.79

Current Price

$28.06

Market Capitalization:

$1.94B

52 week range

$12.68- $29.36

Beta

2.29

Avg Volume

927,343.00

P/E

35.52

Financials Energy XXI (Bermuda) Limited (NASDAQ:EXXI) engendered net income of $144 million in current quarter which is slightly greater than last quarter’s closing of $139.39million. However, EPSfor the current quarter has decreased than last quarter’s EPSwhich is not a good sign for the investors. The company’s cash flow from operations (CFO) has decreased to $77.95 million from last quarter’s ending cash flow of $121.21 million. This shows company is producing more cash than its expenses through its core businessunits which is a good sign for the investors. Total assets of company mount up to $1.54 billion as of September30, 2010 that is 1.49%less than last quarter’s ending but it has managed to maintain the current ratio. The company’s total equity is gradually decreasing which depicts that company is going to have some funding liquidity problems and fewer funds would be available to invest in future profitable opportunities.


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Energy XXI