Jefferies acts as initial purchaser and placement agent in $750 million of 10% Senior Notes in Rule 144A, Regulation D and Regulation S offerings by Energy XXI Gulf Coast, Inc.

Client(s) Jefferies & Company, Inc.

Jones Day's New York and Houston offices represented Jefferies & Company, Inc., RBS Greenwich Capital, BNP Paribas, Capital One Southcoast, and Natexis Bleichroeder, as initial purchasers and placement agents, in the private placement of $750 million aggregate principal amount of notes pursuant to Regulation S and Regulation D under the Securities Act by Energy XXI Gulf Coast Inc. Energy XXI is a US Gulf Coast independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The proceeds of the offering were used to retire Energy XXI's $325 million second lien facility and to purchase Gulf of Mexico shelf oil and natural gas properties from Pogo Producing Company for $414.7 million. The transaction represented one of the largest debt offerings consummated by Jefferies.