The Company's Offer is not subject to any minimum number of shares being tendered. If more than 8,700,000 shares are tendered, the Company will purchase the shares tendered on a pro rata basis pursuant to procedures specified in the Offer to Purchase. The Offer will be subject to a number of conditions, including the receipt of funds. The Company has received a commitment from Banc of America Securities LLC and affiliates to provide sufficient funds to finance the Offer, refinance the Company's bank credit facility and refinance its 8 3/4% senior notes through a concurrent debt tender and consent solicitation.
Banc of America Securities LLC (1-888-583-8900, ext. 8426) will serve as the dealer manager for the Offer. MacKenzie Partners (1-800-322-2885) will serve as the information agent for the Offer.
Founded in 1998, EPL is an independent oil and natural gas exploration and production company based in New Orleans, Louisiana. The Company's operations are focused along the U. S. Gulf Coast, both onshore in south Louisiana and offshore in the Gulf of Mexico.
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