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					          Capital One Southcoast
          5th Annual Energy Conference
          December 8, 2010

            NASDAQ: EXXI   AIM: EXXI   www.energyxxi.com




          Presented by John D. Schiller
          Chairman & CEO
12/6/10
Disclaimer

This presentation contains statements about future events and expectations that can be
characterized as forward-looking statements, including, in particular, statements about the
Company’s plans, strategies and prospects. The use of the words “anticipate,” “estimate,” “expect,”
“may,” “project,” “believe” and similar expressions are intended to identify forward-looking
statements. Although the Company believes that the plans, intentions and expectations reflected in
or suggested by such forward-looking statements are reasonable, they do involve certain
assumptions, risks and uncertainties, and the Company cannot assure you that those expectations
will prove to have been correct. Actual results could differ materially from those anticipated in these
forward-looking statements as a result of the factors described in this presentation. Many of these
factors are beyond the Company’s ability to control or predict. The Company cannot assure you that
its future results will meet its expectations and investors are cautioned not to place undue reliance
on any forward-looking statement made by the Company or its authorized representatives. All
subsequent written and oral forward-looking statements attributable to the Company and persons
acting on its behalf are qualified in their entirety by the cautionary statements contained in this
paragraph and elsewhere in this presentation.

The Company does not have any obligation or undertaking to disseminate any updates or revisions
to any forward-looking statement contained in this presentation or the admission document to reflect
any change in the Company’s expectations about the statement or any change in events, conditions
or circumstances on which the statement is based.




                                                                                                          2
Strategy – Three Pronged Approach

     Acquire             Focus on mature oil properties
    Producing            Capture price arbitrage
     Assets              Lock in economics through hedging




                         Exploit to realize minimum 20% increase in value
Exploit and Explore
                         Explore around existing core fields




                         Select participation in ultra-deep shelf exploration
   High-Impact
                         Target investment ~10% of cash flow
   Exploration
                         Large targets (100 MMBOE+)




                                                                                 3
 Energy XXI – A Snapshot
Stock Ticker (NASDAQ, AIM)                              EXXI

Market Cap                                              ~$2 Billion
Insider Ownership                                       ~5%


Proved Reserves                                         75.6 MMBOE
Production                                              ~26,000 BOE/d

       •Reserves and production are ~2/3rds crude oil
       •EXXI is the #4 oil producer on the GOM shelf
       •Reserves and production are ~80% operated



Acreage Position                                        ~223,260 Net Acres
3D Seismic Data                                         3,900 Square Miles

                                                                             4
 Core Properties – Oil Focused
ENERGY XXI Profile
Production: ~26,000 BOE/d                                                                                      Main Pass
Acreage: ~223,260 net                                                                                      61, 73 & 74 Fields
                                                                                                              9,850 BOE/d




                                  Eugene Island 330 Field
                                       230 BOE/d



                                                                                                                       VK1003 Fastball
                                                                                           South Pass 49 Field          1,500 BOE/d
                                                            South Timbalier 21 Field          2,300 BOE/d
               East Cameron 334/335 Fields                       3,700 BOE/d
                      1,300 BOE/d




                                                                                       Green = Oil       Red = Gas
                                                                                                                                         5
EXXI Rig and Well Activity


                                          St. Mary Parish, LA
                                               Hercules 49
                                              Laphroaig #2
                                           Development Well



         Vermillion Parish, LA
           Hercules 17 Rig
                 Platte
           Exploration Well




                South Marsh Island 234
                Rowan Mississippi Rig
                    Davy Jones #2
                    Appraisal Well




                                                                                South Timbalier 144
                                                                              Rowan Ralph Coffman Rig
                                                                                  Blackbeard East
                      Eugene Island 223                                           Exploration Well
                       Rowan EXL1 Rig
                           Lafitte
                       Exploration Well
                                                  Eugene Island 330
                                                    Ensco 75 Rig
                                          Apache operated sidetrack program




                                                                                                        6
ExxonMobil Transaction Highlights
   Purchase Price            $1.01 Billion
   Effective Date            Dec. 1, 2010
   Estimated Closing Date    Dec. 20, 2010
   Proved Reserves           49.5 MMBOE
   Probable Reserves         16.5 MMBOE
   Production                20,000 BOE/d
   Net Acreage               130,853 acres
   Operating Cash Flow       $315 Million
   Cash Flow Multiple        3.2X
   Accretive to Financials   ~$1.28 Cash Flow/Sh (6mos FY11)
                              ~$3.42 Cash Flow/Sh (FY12)



                                                                7
  Properties Fit Like a Glove

                                                                                             West Delta 30
                                                                                              4,100 BOE/d
                                                                                           WI 100% NRI 87.5%
                                                                                                                       Main Pass
                                                                                   West Delta 73
                                                                                                                       61, 73 & 74
                                                                                    2,482 BOE/d
                                                                                                                      9,850 BOE/d
                                                                                  WI 100% NRI 83%

                                                                    Grand Isle 16, 18
                                                                      1,831 BOE/d
                                                                   WI 100% NRI 87.5%




                                                                 South Timbalier 21
                                                                   3,700 BOE/d


                                                             South Timbalier 54
         Energy XXI            Eugene Island 330               5,316 BOE/d
                                                                                                                          South Pass 49
                                                                                                                           2,300 BOE/d
                                  230 BOE/d                  WI 100% NRI 87%
        Target Assets
                                                                                                     South Pass 89
                                                                             Grand Isle 43            1,668 BOE/d             Viosca Knoll 1003
                                                                               2,472BOE/d           WI 100% NRI 83%              1,500 BOE/d
                                                                            WI 100% NRI 83%
                       Prod        Offshore
                     (MBOED)       Acreage         East Cameron 334/335
                                                        1,300 BOE/d
Energy XXI            26,000        158,412

Target Assets         20,000        130,853
                                                                                                                           Oil Fields
             Total    46,000        289,265                                                                                Gas Fields             8
Combined, A Much Larger Energy XXI
             EXXI                  EXXI                      EXXI
     Proved Reserves       Proved + Probable       Production MBOE/D
                                 92.1MMBOE
                                  2P
             75.6                16.5                       ~26,000
            MMBOE
                                           1P
                                          75.6
                                                 69% Oil
 63% Oil               61% Oil

             65%                   72%                       77%

                                 Pro Forma                 Pro Forma
           Pro Forma             158.1MMBOE
                                 2P
                                 33
             125.1
                                                             ~46,000
            MMBOE                        1P
                                        125.1


 62% Oil               61% Oil                   62% Oil
                                                                       9
   GOM Peer Group Comparison
                                       1
                    Proved Reserves
        140                                                                                        125.1
                        (MMBOE)
        120

        100                                                                                        49.5
MMBOE




         80
                                                                                   25.7
         60
                       10
         40                                                                                        75.6
         20

            0
                               3
                      Peer 1            Peer 2                 EXXI                Peer 3 3   EXXI - Pro forma   Peer 4



            60
                     Production2
                      (MBOE/d)                                                                       46
            50                                                                                                     18
            40
   MBOE/D




                                                                                                     20
            30
                                                                7.5
            20
                                                                                                     26
            10
                0
                   Peer 4                 EXXI                 Peer 13             Peer 2     EXXI - Pro forma   Peer 3 3
    1) Year-end proved reserves. ExxonMobil Properties reserves as of 11/30/2010
    2) Most recent quarter production.
    3) Peer 1 and Peer 3 pro forma recent GOM asset acquisition announcements.
    Peers include ATPG, MMR, SGY, WTI                                                                                       10
Oily Asset Base1
                                      Oil Production % LTM

                  24%                 47%                  47%              58%                  63%


                          Proved Reserve Mix – GOM Peer Comparison
    100%

     90%

     80%
                                                           45%              42%                 38%
     70%
                                     53%
                 65%
     60%

     50%

     40%

     30%
                                                        55%                58%                 62%
     20%                            47%
                35%
     10%

      0%
                 Peer 1              Peer 2                Peer 3            Peer 4         EXXI - Pro forma

                                                   % OIL      % Gas



1)Year-end proved reserves. EXXI reserves as of FYE 6/30/10, pro forma ExxonMobil GOM shelf assets.
Peer group: ATPG, MMR, SGY, and WTI                                                                            11
Production Profile – Top Fields and Target Assets

                        Gas 12%                  Gas 12%
                                                                 Gas 6%



                                  OIL 20%
        OIL 15%
                                                           OIL 8%



         Target Assets – Sum of Production Data for Six Fields




                                                                          12
South Timbalier 21 Field Overview
                                                                                                                                  Summary Facts
                                                                                                                                  Field Discovery Date – 1957
                                                                                                                                  Cumulative Production – 320+ MMBOE
                                                                                                                                  Production Mix – 81% Oil
                                                                                                                                  Producing Wellbores – 42
                                                                                                                                  9th Largest Oil Field on GOM Shelf
                                                                                                                                  EXXI 100% WI
                                              Gross Historical Production                                                                                                                                  Reserve Growth
         12,000                                                                                                                                                                                  35
                                                                                                                                                                                                                        8%
         10,000                                                                                                                                                                                  30                   Growth
                                                                                          Acquisition Date                                                                                       25




                                                                                                                                                                                   GROSS MMBOE
          8,000
 BOEPD




                                                                                                                                                                                                 20
          6,000
                                                                                                                                                                                                                      Production
                                                                                                                                                                                                 15
          4,000                                                                                                                                                                                                       Probable
                                                                                                                                                                                                 10
                                                                                                                                                                                                                      Proved
          2,000
                                                                                                                                                                                                  5

             0
                                                                                                                                                                                                  0
                  1988
                         1989
                                1990
                                       1991
                                              1992
                                                     1993
                                                            1994
                                                                   1995
                                                                          1996
                                                                                 1997
                                                                                        1998
                                                                                               1999
                                                                                                      2000
                                                                                                             2001
                                                                                                                    2002
                                                                                                                           2003
                                                                                                                                  2004
                                                                                                                                         2005
                                                                                                                                                2006
                                                                                                                                                       2007
                                                                                                                                                              2008
                                                                                                                                                                     2009
                                                                                                                                                                            2010




                                                                                                                                                                                                      2006 Reserves                2010
                                                                                                                                                                                                                                          13
Crete Prospect




                                                     SALT
                                                ST 41 Field
                                             Produced 103 Bcf


                                   Middle Miocene
                                   Target Section
                 Reserve Potential:Trapped beneath
                                   Shale
                 102 MMBOE (gross unrisked)




                                                           14
Main Pass Complex
                                                                                                                                              Summary Facts
                                                                                                                                              Field Discovery Dates – 1979 / 2002
                                                                                                                                              Cum Production – 130 MMBOE
                                                                                                                                              Producing Wellbores – 36
                                                                                                                                              Productive Zones – 28
                                                                                                                                              EXXI 100% WI

                                                Gross Historical Production                                                                                                                                   Reserve Growth
           35,000                                                                                                                                                                                  80

           30,000                                                                                                                                                                                  70
                                                                                                                                            Acquisition                                                             65%
                                                                                                                                               Date                                                60              Growth
           25,000




                                                                                                                                                                                     GROSS MMBOE
                                                                                                                                                                                                   50
   BOEPD




           20,000
                                                                                                                                                                                                   40
           15,000
                                                                                                                                                                                                   30                   Production
           10,000
                                                                                                                                                                                                   20                   Probable

            5,000                                                                                                                                                                                  10                   Proved

               0                                                                                                                                                                                    0
                    1988
                           1989
                                  1990
                                         1991
                                                1992
                                                       1993
                                                              1994
                                                                     1995
                                                                            1996
                                                                                   1997
                                                                                          1998
                                                                                                 1999
                                                                                                        2000
                                                                                                               2001
                                                                                                                      2002
                                                                                                                             2003
                                                                                                                                    2004
                                                                                                                                           2005
                                                                                                                                                  2006
                                                                                                                                                         2007
                                                                                                                                                                2008
                                                                                                                                                                       2009
                                                                                                                                                                              2010




                                                                                                                                                                                                        2007 Reserves                2010


Note: Economics are Pre-Mit acquisition                                                                                                                                                                                                     15
Main Pass 61/62 Field Projects


                                                        #C-7




                                                         #C-6

                                             #C-5ST




                                                               Initial Production   Capital
   Well          Type of Activity         Producing Zone                                       Payout
                                                                   (Net BOED)       ($MM)
   C-5ST   Recompletion – Single Select       BA-4B                    1,000          3.5     @ $65/bo
    C-6    Recompletion – Single Select      BA-4AA                      130          5.1         &
    C-7    WO – Tubing/Gas Lift Deeper      J-6 Pod A                    690          0.9     $4/mmbtu
   Total                                                               1,820          8.5      3 mos

                                                                                                         16
MP-73 Ashton Prospect
                          Ashton Proposed Location




    Old Salt Outline




       New Salt Outline




                                                     17
West Delta 73 Field

●   Ownership:
        100% GWI / 83.33% NRI
●   Operator: ExxonMobil
●   Water Depth: 200’
●   Number Platforms: 5          WEST DELTA 73

●   Number Wells
        Active - 29
        Shut-in - 48
●   Cumulative Production
        203 MMBO, 432.5 BCF
●   Proved Reserves
      14.6 MMBOE




                                                 18
    West Delta 30 Field
●    Ownership:
         Varied based on unit ownership
         100% GWI / 87.5 - 83.3% NRI (Lease)
         50% GWI / 43.75% NRI
●    Operator: ExxonMobil / Maritech
●    Water Depth: 47’                           WEST DELTA 30

●    Number Platforms: 12
●    Number Wells
         Active - 45
         Shut-in - 71
●    Cumulative Production
         630.5 MMBO, 919.4 BCF
●    Proved Reserves
       12.2 MMBOE


                                                                19
Grand Isle 43 Field
●   Ownership: (Blks WD 74, 91, 92, 93)
        100% GWI / 83.33% NRI
●   Operator: ExxonMobil
●   Water Depth: 150’
●   Number Platforms: 1
●   Number Wells
                                          GRAND ISLE 43
        Active - 7
        Shut-in - 7
●   Cumulative Production
        368.5 MMBO, 1,568 BCF
●   Proved Reserves
        5.5 MMBOE




                                                          20
   Probing the Depths

   Indicates
Energy XXI Field




                         2
                        21 1
Davy Jones – Eocene Structure Depth Map




  Located in 20 Feet of Water


  Found Eocene/Paleocene (Wilcox) Sands Below
 Listric Fault on Shelf of GOM

  Wireline logs indicate 200 net feet of pay sands

  Davy Jones #1 drilled to 29,122’ and cased

  Spud Davy Jones #2 off-set well April 7, 2010.
 Ran casing to 24,300’, preparing to drill ahead

  Proposed target depth of 29,950’

  WI BCP: 14% WI ACP 15.84% NRI 12.6%



                                                      22
 Ultra-Deep Economic Model
 Value of Potential 6 Tcfe Davy Jones*
   $2,500 MM
                    F&D Cost $1.23/Mcfe
                    Breakeven Price: ~$0.75/Mcf                                                                                          $2,220 MM
                    For 15% IRR

   $2,000 MM                                                                                                $1,930 MM


                                                                                $1,640 MM

   $1,500 MM
                                                   $1,340 MM


                       $1,050 MM
   $1,000 MM




     $500 MM




       $0 MM
        Price Case:    $4/Mcf                         $5/Mcf                      $6/Mcf                      $7/Mcf                      $8/Mcf
PV Value in Ground: $1.27/Mcfe                    $1.62/Mcfe                   $1.97/Mcfe                 $2.32/Mcfe                  $2.68/Mcfe


      •Assumes each well costs $150MM to drill/complete and 200 Bcfe EUR per well. First production per well at initial production rate of 100MMcfe/d,
      with 20/Bbl per MMcf condensate yield.
      •EXXI NRI 12.6%
                                                                                                                                                         23
Blackbeard East – Summary




Located in 85 Feet of Water



 Very Large 3-way Structure /
2,500’ column potential

 Anticipated 31,500’MD

 Targeting Middle /Lower Miocene
and Possibly Eocene Sands Below
a Salt Sill on Shelf of GOM

 Cased at 26,000’ and currently
drilling below 29,400’

 WI BCP: 16% WI ACP 18% NRI
14.35%




                                    24
   Lafitte Prospect

 Located at Eugene Island
Block 223 in 140’ of water

Very Large 3-way Structure /
2,000’ column potential

 Targeting Miocene sections
as seen at JB Mountain and
Flatrock

 Currently drilling below
11,000’

 PTD 29,950’

 WI BCP: 16% WI ACP 18%
NRI 14.35%




                                25
                                 25
The Size of the Prize – 100+ Tcfe
                                    Davy Jones                                         Lafitte
                                 John Paul Jones      Development Well              Captain Blood
                                     England          Laphroaig #2
                                                                                      Barataria              Blackbeard West
                                Eocene / Cretaceous   St. Mary Parish, LA
                                                                                       Drake                 Blackbeard East
                                                      Ran casing to 16,000’
                                    40+ TCFE          21,000’ TD                       Swann                     Morgan
                                                                                 Miocene / Paleocene             Barbosa
                                                                                     25+ TCFE                   Calico Jack
Exploration Well                                                                                                   Hook
Platte
                                                                                                                  Bonnet
Vermillion Parish, LA – 10’ water
                                                                                                                 Bellamy
Drilling below 9,000’
17,000’ TD                                                                                             Miocene / Paleocene/ Cretaceous
                                                                                                                35+ TCFE


            Discovery
            Davy Jones #1                                                                                            Discovery
            SMI Block 230 – 20’ water                                                                                Blackbeard West #1
            29,000’ TD                                                                                               ST Block 168 – 80’ water
                                                                                                                     32,997’ TD


   Appraisal Well
                                           Davy Jones
   Davy Jones #2                          Strategic Area
   SMI Block 234 – 20’ water
   Ran casing to 24,300’
   29,950’ PTD



                      Exploration Well
                                                                    Lafitte
                      Lafitte                                   Strategic Area
                      EI Block 223 – 140’ water
                      Drilling below 11,000’
                      29,950’ PTD
                                                                                            Blackbeard               Exploration Well
                                                                                           Strategic Area            Blackbeard East #1
                                                                                                                     ST Block 144 – 85’ water
                                                                                                                     Drilling below 29,400’
                                                                                                                     31,500’ MD             26
     Enhanced Balance Sheet & Liquidity
                                                                                       Acquisition Pro              Raised $555.9MM of Equity (net of fees)
                                              Historical           Adjusted                Forma
                                                                                                                             $286.4MM of Common (Gross)
                                             9/30/2010            9/30/2010 (2)      September 30, 2010
                                                                                                                             $287.5MM of Preferred (Gross)
Cash and cash equivalents (incl. cash at
parent)                                               $12.9             $328.0                     $36.0
Long-term debt (principal amounts):
                                                                                                                    Issued $750MM of Senior Unsecured
Revolving credit facility                                  91.5             0.0                    302.0             Notes – 9.25%
Senior Notes   (1)                                    276.5              276.5                     228.9
Second Lien Notes    (1)                              342.0              222.3                       0.0            Cleaned up Balance Sheet
Other long-term debt                                        0.5             0.5                      0.5
New Issue                                                   0.0             0.0                    750.0
                                                                                                                             Tender / private exchanges converted
                                                                                                                              $100.1MM of 7.25% preferred to common
 Total long-term debt                                 710.5              499.3                   1,281.4                     Called in 35% of 16% Second Lien Notes 1
Net Debt                                             $697.6             $171.3                  $1,245.4
                                                                                                                    Rating Agency Upgrades
                                                                                                                                                          14%
Total Proved Reserves (MMBOE)                              75.6            75.6                    125.1                     S&P Corporate Credit Rating: B
Net Debt / Total Proved                               $9.23              $2.27                     $9.96
                                                                                                                                                            +
                                                                                                                             Moody’s Corporate Family Rating: B3
                                                                                                                                                           2%
Preferred Equity                                     $110.0             $297.4                   $297.4                      Fitch Initiated at B
                                                                                                                                                           PIK
Common Equity (@ $26.15/share)                     $1,345.1           $1,944.8                  $1,944.8
Total Equity                                         $1,455             $2,242                   $2,242             Upsized Revolver / Committed Financing
Fully Diluted Share Equivalents (in
                                                                                                                     for Acquisition
millions)
Preferred                                             12.54              12.18 (3)                 12.18 (3)                 Increased revolver to $700MM from
Common Shares                                         51.44              74.37                     74.37                      $350MM
Total Share Equivalents                               63.98              86.55                     86.55

   1) Debt shown as principal amounts
                                                                                                                    Capital Structure Provides for ~$200MM
   2) As of September 30, 2010; pro forma for convertible preferred exchanges and concurrent follow-
   on equity / convertible preferred offering
                                                                                                                     of Liquidity
   3) 99,100 shares of 7.25% Preferred @ 8.77 shares common/preferred ($100 par)                                                                                      27
   3) 1.15MM shares of 5.625% Preferred @ 9.83 shares common/preferred($250 par)                               1) Closing on December 9, 2010
Forecasted Revenue Hedged - Pro Forma
                                                                                                           Revenue % hedged based upon $60/bbl & $4/mmbtu
                           Revenue % hedged based upon SEC Price Deck

                                                                                                                                             Total Unhedged Rev.
                                                            Total Unhedged Rev. based on SEC
                                                                                                                                             @ $60 & $4
                                                            price deck
                                                            Total Revenue Hedge                                                              Total Revenue Hedge
               $350                                                                             $350


               $300                                                                             $300


               $250                                                                             $250




                                                                                  $ MM / Qtr.
 $ MM / Qtr.




               $200                                                                             $200


               $150                                                                             $150


               $100                                                                             $100


                $50                                                                             $50


                $0                                                                               $0
                       Q2 - Q3 - Q4 - Q1 - Q2 - Q3 - Q4 - Q1 - Q2 -                                     Q2 - Q3 - Q4 - Q1 - Q2 - Q3 - Q4 - Q1 - Q2 -
                      FY 11 FY 11 FY 11 FY 12 FY 12 FY 12 FY 12 FY 13 FY 13                            FY 11 FY 11 FY 11 FY 12 FY 12 FY 12 FY 12 FY 13 FY 13

                                    86% of revenue hedged versus $60 & $4 for the balance of FY 11**
                                    70% of revenue hedged versus SEC price deck for the balance of FY 11**
                                    46% of revenue hedged versus SEC price deck for FY 12**
*SEC Price Deck: $75.25/Bbl & $4.39/Mcf
                                                                                                                                                               28
** Cal 11-12 Put Spreads valued at floor price of $75
Potential Stock Upside*
          90

                                                                                          Future Acquisitions
          80                                                                                      &
                                                                                         Additional Ultra-deep
          70                                                                             and Core Exploration
                                                                                               Success
                                                                     6 Tcfe
          60

                                                                                                                             DJ 6 Tcfe
                                                                   1.5 Tcfe
$/SHARE




          50
                                                                                                                             DJ 1.5 Tcfe
                                                                                                                             3P
          40
                                                                                                                             2P
          30                                                                                                                 1P
                                                                                                                          Current Stock Price
          20


          10


          0
                               Total Resources (1)                                          Total Resources (1)

          *NAV per share: PV-10 less net debt divided by 86.5MM shares fully diluted.
          1) EXXI SEC reserve estimates as of 6/30/10 calculated at 11/15/10 strip pricing ($88.62/Bbl and $5.01/Mcf) .
                                                                                                                                                29
EXXI Competitive Advantages


 Oil-Focused Assets

 Strong Production and Cash Flow

 Core-Area Exploration Opportunities

 Ultra-Deep Shelf Play Upside

 Attractive Acquisition Market

 Remain Financially Disciplined
                                        30
                                 Contact:

                                 Stewart Lawrence, IRO
                                 Energy XXI (Bermuda) Limited
                                 1021 Main Street, Suite 2626
                                 Houston, Texas 77002

                                 (713)351-3006

                                 slawrence@energyxxi.com



NASDAQ: EXXI   AIM: EXXI, EXXS                                  www.energyxxi.com
                                                                                    31
         Appendix




072610
                    32
Davy Jones Completion Components
                    Component                                 Status          Delivery      Vendor
 25k SCSSV (Safety Valve)                                      Ordered         2Q2011    Baker/Halliburton
  •3 ½” 20k exists; Expansion of existing technology
                                                                                         Sumitomo, Tenaris,
 Tieback Casing                                            Tenders Received    2Q2011          Hydril
  •Both 17Cr and Sour Service Carbon steel being
  spec’d
     •Both will be qualified fit for purpose
     •EVERY joint of casing to be tested
     •Detailed Load Analysis for all tubulars

 Corrosion Resistant Alloy Tubing String                      As Above
  •Hastelloy or equivalent tubing(used Worldwide)

 30k psig Production Tree                                      Ordered         2Q2011        Cameron
  •Cameron built one 30k psig tree in 1984
     •New tree will be rated for 25k at 450F(30k @ 350F)
                                                           Ordered; Prelim
 Kill System                                                  Testing          1Q2011         BJ/SPM
  •30k psi kill system design(pumps and fluid)
                                                           Ordered;Testing
 Perforating Charges                                        Commenced          2Q2011      Schlumberger
  •Schlumberger currently testing perforating charges
  at temp and pressure
 25K BOP                                                       Ordered         4Q2011         Cameron
                                                                                                        33

				
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