DALLAS, Nov. 25, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Energy XXI Ltd. (Nasdaq:EXXI). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Energy XXI Ltd. (Nasdaq:EXXI) should be of particular interest to other energy companies: Denbury Resources Inc. (NYSE:DNR), Newfield Exploration Co. (NYSE:NFX) and Eni SpA (NYSE:E).
It is available at: http://www.beaconequity.com/i/EXXI
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Energy XXI (Bermuda) Limited (EXXI) is an independent oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas, and offshore in the Gulf of Mexico.
Message Board Search for EXXI: http://www.boardcentral.com/boards/EXXI
In the report, the analyst notes:
"The Company reported a 2010 fiscal first-quarter net loss of $12.3 million, or $0.08 per share, on revenues of $84.9 million and production of 15,500 barrels of oil equivalent per day (BOE/d). The loss includes $9.2 million of non-cash deferred tax expense primarily resulting from changes in other comprehensive income related to the value of the hedge portfolio.
"EXXI recently announced it has executed a conditional purchase/sale agreement to acquire certain Gulf of Mexico shelf oil and natural gas interests from MitEnergy Upstream LLC, a subsidiary of Mitsui & Co. Ltd. (head-office: Tokyo, Japan) (Nasdaq:MITSY) (Tokyo Stock Exchange Symbol: (TSE:8031)), for a headline cash consideration of $283 million. ... Upon restoration of volumes pending repair of third-party pipelines damaged by hurricanes in 2008, net production is expected to reach 10,000 BOE per day."
To read the entire report visit: http://www.beaconequity.com/i/EXXI
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