Energy XXI (EXXI) Reports Q4 Loss Per Share of $17.92
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Energy XXI Reports Fiscal Year-End Results
September 29, 2015 5:31 PM EDTHOUSTON, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Energy XXI (NASDAQ: EXXI) today announced fiscal fourth-quarter and full-year financial and operating results for the period ended June 30, 2015, and provided an operations update. Highlights include:
Production remaining stable into fiscal first quarter at 58,300 BOE/d Current liquidity is $679 million $124 million available on $500 million revolver Proved reserves estimated at 183.5 MMBOE, 75 percent oil Non-cash impairment causes ceiling test write-down due to commodity prices Acquisitions and divestitures in fiscal fourth-quarter and to-date Monetized Grand Isle Gathering System Sold... More