EPL & Stone Set Date for Stockholder Meeting

Energy Partners, Ltd. and Stone Energy Corporation announced each company has set a record date of August 28, 2006 for its respective special meeting of stockholders to approve matters relating to the proposed merger of EPL and Stone.

EPL and Stone stockholders of record as of August 28, 2006 will be mailed the joint proxy statement/prospectus contained in the Registration Statement on Form S-4 shortly after the Securities and Exchange Commission has declared the Registration Statement effective. All stockholders are urged to read the joint proxy statement/prospectus as it will contain important information, including the meeting times and locations for their respective stockholder meetings.