EPL expects to purchase the shares tendered on a pro rata basis pursuant to the procedures specified in the Offer to Purchase upon the closing of its previously announced sale of $450 million of senior notes, the refinancing of the Company's revolving credit facility and the repurchase of its 8 3/4% senior notes.
As of midnight, New York City time, on April 20, 2007, the initial expiration date for the Offer, 39,679,160 shares had been tendered, including 7,838,612 shares tendered through notice of guaranteed delivery.
Banc of America Securities LLC (1-888-583-8900, ext. 8426) is the dealer manager for the Offer. MacKenzie Partners (1-800-322-2885) is 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, La. 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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