EPL Extends Offer for Its Existing Fixed & Floating Rate Senior Notes

Energy Partners has extended its pending offer to the holders of $150,000,000 principal amount of floating rate Senior Notes due 2013 and $300,000,000 principal amount of 9.75% Senior Notes due 2014 to exchange such notes for a like principal amount of its Floating Rate Senior Notes due 2013 and 9.75% Senior Notes due 2014 which have been registered under the Securities Act of 1933, as amended.

The expiration date for the exchange offer has been extended from 12:00 midnight New York City time on October 29, 2007 to 12:00 midnight New York City time on November 2, 2007, unless further extended. EPL said that it has been informed by the exchange agent that as of 12:00 midnight New York City time on October 29, 2007 100.00% of the $150,000,000 principal amount of floating rate Senior Notes due 2013 and 97.12% of the $300,000,000 principal amount of 9.75% Senior Notes due 2014 had been tendered in the exchange 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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