Energy XXI Ltd fka EXXIQ

[FINRACOP1]

Energy XXI Plan of Reorganization Confirmed By Court
HOUSTON , Dec. 13, 2016 (GLOBE NEWSWIRE) -- Energy XXI Ltd (OTCMKTS:EXXIQ) ("Energy XXI" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of Texas , Houston Division has indicated that it will confirm the Company's Plan of Reorganization (the "Plan") and issue a written ruling and confirmation order to that effect. The Company expects to complete its financial restructuring process and emerge from Chapter 11 before the end of the calendar year, after the conditions to the Plan are satisfied.