EPL Drills 17 GOM Exploratory Wells in 2007

Energy Partners Ltd drilled 17 exploratory wells in 2007 on the Gulf of Mexico (GOM) Shelf (Shelf) and onshore in South Louisiana. Of the 13 wells offshore, five were successful, and of the four wells onshore, one was successful.

In addition to exploratory drilling, EPL drilled four successful development wells and completed 24 successful workovers and recompletions in 2007. Overall, EPL was 100% successful in its low risk drillwell program.

At year end 2007, undeveloped gross leasehold acreage stood at 341,019 acres and combined gross undeveloped and developed acreage totaled 593,101 acres.


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