Attached files
file | filename |
---|---|
EX-31.1 - Energy XXI Ltd | v233444_ex31-1.htm |
EX-32.1 - Energy XXI Ltd | v233444_ex32-1.htm |
EX-31.2 - Energy XXI Ltd | v233444_ex31-2.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 1
x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended June 30, 2011
or
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission file number: 001-33628
Energy XXI (Bermuda) Limited
(Exact name of registrant as specified in its charter)
Bermuda | 98-0499286 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
Canons Court, 22 Victoria Street, PO Box HM 1179, Hamilton HM EX, Bermuda |
N/A | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (441)-295-2244
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Name of each exchange on which registered | |
Common Stock, par value $0.005 per share | The NASDAQ Stock Market LLC |
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No o
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes x No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).Yes o No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.
Large accelerated filer x | Accelerated filer o | |
Non-accelerated filer o (Do not check if a smaller reporting company) |
Smaller reporting company o |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x
The aggregate market value of the registrants common stock held by non-affiliates was approximately $1,771,435,420 based on the closing sale price of $27.67 per share as reported on The NASDAQ Capital Market on December 31, 2010, the last business day of the registrants most recently completed second fiscal quarter.
The number of shares of the registrants common stock outstanding on July 31, 2011 was 76,722,278.
DOCUMENTS INCORPORATED BY REFERENCE:
Portions of the registrants definitive proxy statement for its 2011 Annual Meeting of Shareholders, which will be filed within 120 days of June 30, 2011, are incorporated by reference into Part III of this Annual Report on Form 10-K.
EXPLANATORY NOTE
This Amendment No. 1 (Amendment No. 1) to the Annual Report of Energy XXI (Bermuda) Limited (the Company) on Form 10-K for the fiscal year ended June 30, 2011 (the Annual Report) is filed with the Securities and Exchange Commission (the SEC) to amend Item 15 Exhibits, Financial Statement Schedules.
All of the information in this Amendment No. 1 is as of August 15, 2011, the date the Company filed the Annual Report with the SEC. This Amendment No. 1 continues to speak as of the date of the Annual Report and does not reflect any subsequent information or events other than the amendment to Item 15 discussed above. Accordingly, this Amendment No. 1 should be read in conjunction with our filings made with the SEC subsequent to the filing of the Annual Report, including any amendments to those filings. Among other things, forward-looking statements made in the Annual Report have not been revised to reflect events, results or developments that occurred or facts that became known to us after the date of the Annual Report.
1
PART IV
Item 15. Exhibits, Financial Statement Schedules
(a) The following documents are filed as a part of this Form 10-K/A or incorporated by reference:
(3) Exhibits
The exhibits required to be filed pursuant to the requirements of Item 601 of Regulation S-K are set forth in the Exhibit Index accompanying this Form 10-K/A and are incorporated herein by reference.
2
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the 26 day of August 2011.
ENERGY XXI (BERMUDA) LIMITED | ||
By: /s/ JOHN D. SCHILLER, JR. |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Signature | Title | Date | ||
/s/ JOHN D. SCHILLER, JR. John D. Schiller, Jr. |
Chairman of the Board and Chief Executive Officer (Principal Executive Officer) |
August 26, 2011 | ||
/s/ DAVID WEST GRIFFIN David West Griffin |
Chief Financial Officer and (Principal Financial Officer and Principal Accounting Officer) |
August 26, 2011 | ||
/s/ WILLIAM COLVIN William Colvin |
Director | August 26, 2011 | ||
/s/ PAUL DAVISON Paul Davison |
Director | August 26, 2011 | ||
/s/ DAVID M. DUNWOODY David M. Dunwoody |
Director | August 26, 2011 | ||
/s/ CORNELIUS DUPRÉ II Cornelius Dupré II |
Director | August 26, 2011 | ||
/s/ HILL A. FEINBERG Hill A Feinberg |
Director | August 26, 2011 | ||
/s/ KEVIN S. FLANNERY Kevin S. Flannery |
Director | August 26, 2011 |
3
EXHIBIT INDEX
Exhibit Number |
Description | Originally Filed as Exhibit |
File Number | |||
3.1 | Altered Memorandum of Association of Energy XXI (Bermuda) Limited | 3.1 to the Companys Form 8-K filed on December 15, 2009 | 001-33628 | |||
3.2 | Bye-Laws of Energy XXI (Bermuda) Limited | 3.1 to the Companys Form 8-K filed on January 29, 2010 | 001-33628 | |||
4.1 | Investor Rights Agreement dated October 13, 2005 among Energy XXI Acquisition Corporation (Bermuda) Limited, Sunrise Securities Corp. and Collins Steward Limited | 4.1 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
4.2 | Registration Rights Agreement dated October 13, 2005 among Energy XXI Acquisition Corporation (Bermuda) and the investors named therein | 4.2 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
4.3 | Indenture, by and among, among Energy XXI Gulf Coast, Inc., Energy XXI (Bermuda) Limited, the Guarantors and Wells Fargo Bank, a national banking association, as trustee, dated as of June 8, 2007 | 4.3 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
4.4 | Indenture, dated as of November 12, 2009, by and between Energy XXI Gulf Coast, Inc., Guarantors named therein, and Wilmington Trust FSB, as Trustee | 4.1 to Form 8-K filed November 19, 2009 | 001-33628 | |||
4.5 | Registration Rights Agreement, dated as of November 12, 2009, by and between Energy XXI Gulf Coast, Inc., Guarantors named therein, and Purchasers named therein | 4.2 to Form 8-K filed November 19, 2009 | 001-33628 | |||
4.6 | Indenture, dated December 17, 2010, by and among Energy XXI Gulf Coast, Inc., the Guarantors named therein and Wells Fargo Bank, N.A., as trustee | 4.1 to Form 8-K filed on December 22, 2010 | 001-33628 | |||
4.7 | Registration Rights Agreement, dated as of December 17, 2010, by and among Energy XXI Gulf Coast, Inc., the Guarantors named therein and the Initial Purchasers named therein | 4.2 to Form 8-K filed on December 22, 2010 | 001-33628 | |||
4.8 | Indenture dated as of February 25, 2011 among Energy XXI Gulf Coast, Inc., the Guarantors named therein and Wells Fargo Bank, National Association, as trustee | 4.1 to Form 8-K filed on February 28, 2011 | 001-33628 | |||
4.9 | Registration Rights Agreement dated as of February 25, 2011 among Energy XXI Gulf Coast, Inc., the Guarantors named therein and the Initial Purchaser named therein | 4.2 to Form 8-K filed on February 28, 2011 | 001-33628 | |||
10.1 | Amended and Restated First Lien Credit Agreement, dated June 8, 2007, among the Issuer, the guarantors named therein, the various financial institutions, as lenders, The Royal Bank of Scotland plc, as Administrative Agent, RBS Securities Corporation and BNP Paribas, as Syndication Agent, and Guaranty Bank, FSB and BMO Capital Markets Financing, Inc., as Co-Documentation Agents | 10.1 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 |
4
Exhibit Number |
Description | Originally Filed as Exhibit |
File Number | |||
10.2 | 2006 Long-Term Incentive Plan of Energy XXI Services, LLC | 10.5 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.3 | Form of Restricted Stock Grant Agreement under 2006 Long-Term Incentive Plan of Energy XXI Services, LLC | 10.6 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.4 | Form of Restricted Stock Unit Agreement under 2006 Long-Term Incentive Plan of Energy XXI Services, LLC | 10.7 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.5 | Appointment letter dated August 31, 2005 for William Colvin | 10.8 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.6 | Appointment letter dated August 31, 2005 for David Dunwoody | 10.9 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.7 | Appointment letter dated April 16, 2007 for Hill Feinberg | 10.10 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.8 | Appointment letter dated April 24, 2007 for Paul Davison | 10.11 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.9 | Letter Agreement dated September 2005 between Energy XXI Acquisition Corporation (Bermuda) Limited and The Exploitation Company, L.L.P. | 10.12 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.10 | Assumption and Indemnity Agreement dated September 15, 2005 between Energy XXI Acquisition Corporation (Bermuda) Limited and The Exploitation Company, L.L.P. | 10.13 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.11 | Purchase and Sale Agreement dated as of June 6, 2006 by and between Castex Energy, Inc., Castex Energy 1995, L.P., Browning Oil Company, Inc., Flare Resources Inc., J&S Oil and Gas, LLC, Kitty Hawk Energy, L.L.C. and Rabbit Island, L.P., as the Sellers, and Energy XXI Gulf Coast, Inc. as the Buyer | 10.14 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.12 | First Amendment to Purchase and Sale Agreement dated as of July 5, 2006 by and between Castex Energy, Inc., Castex Energy 1995, L.P., Browning Oil Company, Inc., Flare Resources Inc., J&S Oil and Gas, LLC, Kitty Hawk Energy, L.L.C. and Rabbit Island, L.P., as the Sellers, and Energy XXI Gulf Coast, Inc. as the Buyer | 10.15 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 |
5
Exhibit Number |
Description | Originally Filed as Exhibit |
File Number | |||
10.13 | Second Amendment to Purchase and Sale Agreement dated as of July 10, 2006 by and between Castex Energy, Inc., Castex Energy 1995, L.P., Browning Oil Company, Inc., Flare Resources Inc., J&S Oil and Gas, LLC, Kitty Hawk Energy, L.L.C. and Rabbit Island, L.P., as the Sellers, and Energy XXI Gulf Coast, Inc. as the Buyer | 10.16 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.14 | Third Amendment to Purchase and Sale Agreement dated as of July 27, 2006 by and between Castex Energy, Inc., Castex Energy 1995, L.P., Browning Oil Company, Inc., Flare Resources Inc., J&S Oil and Gas, LLC, Kitty Hawk Energy, L.L.C. and Rabbit Island, L.P., as the Sellers, and Energy XXI Gulf Coast, Inc. as the Buyer | 10.17 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.15 | Purchase and Sale Agreement dated as of February 21, 2006 by and between Marlin Energy, L.L.C., as Seller, and Energy XXI Gulf Coast, Inc., as Buyer | 10.18 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.16 | Joinder and Amendment to Purchase and Sale Agreement dated as of March 2, 2006 by and among Marlin Energy, L.L.C., Energy XXI Gulf Coast, Inc. and Energy XXI (US Holdings) Limited | 10.19 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.17 | Second Amendment to Purchase and Sale Agreement dated as of March 12, 2006 by and among Marlin Energy, L.L.C., Energy XXI Gulf Coast, Inc. and Energy XXI (US Holdings) Limited | 10.20 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.18 | Participation Agreement dated as January 26, 2007 by and between Centurion Exploration Company and Energy XXI Gulf Coast, Inc. | 10.21 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.19 | Purchase and Sale Agreement, dated as of April 24, 2007, by and between Pogo Producing Company and Energy XXI GOM, LLC | 10.22 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.20 | Registration Rights Agreement dated as of June 8, 2007 among Energy XXI Gulf Coast, Inc., the Guarantors named therein, the Initial Purchasers named therein, and the Purchasers named therein | 10.23 to Energy XXI Gulf Coast, Inc. Form S-4 filed on August 22, 2007 | 333-145639 | |||
10.21 | 2006 Long-Term Incentive Plan of Energy XXI Services, LLC (as amended for fiscal year 2008) | 10.1 to Form S-8 filed on November 30, 2007 | 333-147731 | |||
10.22 | First Amendment to the June 8, 2007 Amended and Restated First Lien Credit Agreement, dated November 19, 2007 | 10.1 to Form 8-K filed on November 26, 2007 | 001-33628 | |||
10.23 | Second Amendment to the June 8, 2007 Amended and Restated First Lien Credit Agreement, dated December 1, 2008 | 10.1 to Form 8-K filed on December 15, 2008 | 001-33628 |
6
Exhibit Number |
Description | Originally Filed as Exhibit |
File Number | |||
10.24 | Third Amendment to the June 8, 2007 Amended and Restated First Lien Credit Agreement, dated April 6, 2009 | 10.1 to Form 8-K filed on March 31, 2009 | 001-33628 | |||
10.25 | Form of Notice of Grant of Stock Option together with Form of Stock Option Agreement under 2006 Long-Term Incentive Plan of Energy XXI Services, LLC | 10.25 to Form 10-K filed on September 11, 2008 | 001-33628 | |||
10.26 | Energy XXI Services, LLC Directors Deferred Compensation Plan | 10.1 to Form 8-K filed on September 10, 2008 | 001-33628 | |||
10.27 | Employment Agreement of John D. Schiller, Jr., effective September 10, 2008 | 10.1 to Form 8-K filed on September 11, 2008 | 001-33628 | |||
10.28 | Separation Agreement of Steve Weyel, effective August 25, 2010 | 10.1 to Form 8-K filed on August 23, 2010 | 001-33628 | |||
10.29 | Employment Agreement of David West Griffin, effective September 10, 2008 | 10.3 to Form 8-K filed on September 11, 2008 | 001-33628 | |||
10.30 | Form of Indemnification Agreement between Energy XXI (Bermuda) Limited and Indemnitees | 10.1 to Form 8-K filed on November 5, 2008 | 001-33628 | |||
10.31 | Form of Indemnification Agreement Between Company Subsidiaries and Indemnitees | 10.2 to Form 8-K filed on November 5, 2008 | 001-33628 | |||
10.32 | Energy XXI Services, LLC Employee Stock Purchase Plan | 10.1 to Form 8-K filed on November 5, 2008 | 001-33628 | |||
10.33 | Energy XXI Services, LLC 2008 Fair Market Value Stock Purchase Plan | 4.2 to Form S-8 filed on June 10, 2009 | 333-159868 | |||
10.34 | Fourth Amendment to the Amended and Restated First Lien Credit Agreement, dated September 11, 2009 | 4.1 to Form 8-K filed on September 23, 2009 | 001-33628 | |||
10.35 | Fifth Amendment to the Amended and Restated First Lien Credit Agreement, dated December 11, 2009 | 10.38 to Form 10-K filed on September 8, 2010 | 001-33628 | |||
10.36 | Sixth Amendment to the Amended and Restated First Lien Credit Agreement, dated February 5, 2010 | 10.1 to Form 8-K filed on February 10, 2010 | 001-33628 | |||
10.37 | Seventh Amendment to Amended and Restated First Lien Credit Agreement, dated October 15, 2010 | 10.1 to Form 8-K filed on October 18, 2010 | 001-33628 | |||
10.38 | Purchase and Sale Agreement, dated as of November 20, 2009 by and between MitEnergy Upstream LLC and Energy XXI, Inc. | 10.1 to Form 8-K filed on November 24, 2009 | 001-33628 | |||
10.39 | Amended and restated 2006 Long-Term Incentive Plan of Energy XXI Services, LLC | 10.1 to Form S-8 filed on December 15, 2009 | 333-163736 | |||
10.40 | Waiver Regarding Amended and Restated First Lien Credit Agreement, dated effective as of November 17, 2010 | 10.1 to Form 8-K filed on November 22, 2010 | 001-33628 | |||
10.41 | Purchase and Sale Agreement, effective as of December 1, 2010, by and between Exxon Mobil Corporation, Mobil Oil Exploration and Producing Southeast Inc., ExxonMobil Pipeline Company, Mobil Eugene Island Pipeline Company and Energy XXI GOM, LLC | 2.1 to Form 8-K filed on November 22, 2010 | 001-33628 |
7
Exhibit Number |
Description | Originally Filed as Exhibit |
File Number | |||
10.42 | Eighth Amendment to Amended and Restated First Lien Credit Agreement, dated November 17, 2010 | 10.1 to Form 8-K filed on November 23, 2010 | 001-33628 | |||
10.43 | Waiver Regarding Amended and Restated First Lien Credit Agreement, dated effective as of December 1, 2010 | 10.1 to Form 8-K filed on December 2, 2010 | 001-33628 | |||
10.44 | Second Amended and Restated First Lien Credit Agreement, dated as of May 5, 2011, among Energy XXI Gulf Coast, Inc., the various financial institutions and other parties from time to time parties thereto, as lenders, The Royal Bank of Scotland plc, as administrative Agent, and the other persons parties thereto in the capacities specified therein | 10.1 to Form 8-K filed on May 6, 2011 | 001-33628 | |||
12.1 | Ratio of Earnings to Fixed Charges Energy XXI Gulf Coast, Inc. | 12.1 to Form 10-K filed on August 15, 2011 | 001-33628 | |||
14.1 | Code of Business Conduct and Ethics | 14.1 to Form 10-K filed on September 11, 2008 | 001-33628 | |||
21.1 | Subsidiary List | 21.1 to Form 10-K filed on August 15, 2011 | 001-33628 | |||
23.1 | Consent of UHY LLP | 23.1 to Form 10-K filed on August 15, 2011 | 001-33628 | |||
23.2 | Consent of Netherland, Sewell & Associates, Inc. | 23.2 to Form 10-K filed on August 15, 2011 | 001-33628 | |||
31.1* | Rule 13a-14(a)/15d-14(a) Certification of the Chairman and Chief Executive Officer of Energy XXI (Bermuda) Limited | |||||
31.2* | Rule 13a-14(a)/15d-14(a) Certification of the Chief Financial Officer of Energy XXI (Bermuda) Limited | |||||
32.1# | Certification of the Chief Executive Officer and the Chief Financial Officer under 18 U.S.C. §1350 | |||||
99.1 | Report of Netherland, Sewell & Associates, Inc., Independent Petroleum Engineers and Geologists | 99.1 to Form 10-K filed on August 15, 2011 | 001-33628 |
(*) | Filed herewith. |
(#) | Furnished herewith. |
() | Executive Compensation Plan or Arrangement. |
8